PolisPay, a blockchain payments solution, has released two new cryptocurrency debit cards, one a gift card system and one a direct debit system, that can allow users to buy items almost anywhere with Dash.

[tweet https://twitter.com/polispayapp/status/1204482710930120706 align=’right’] The first payment solution is the Epay Mastercard card, which users can top up from within the app itself, allowing Dash to be spent in over 30 countries. This card is specifically a prepaid card that is topped up via Dash and other cryptocurrencies in the PolisPay app, which can now be secured via Trezor hardware wallets for desktop users. Top-up amounts can be purchased in €100, €50 and €25 and a starter €25 fee to order the card through Bitcou GmbH. The card then enables consumers to pay anonymously online and offline, with an initial limit of €100 since the card does not explicitly carry the customer’s name. To increase limits customers can verify themselves using a Bitcou video identification procedure, immediately increasing monthly limits to €4,000 (or €36,000 annually).

The second card is through a partnership with card provider Union Pay that provides a more classic debit card-like solution, where conversions from Dash occur in real time at the point-of-sale:

“The process works in a way that merchants get paid in their own currency while you are charged in Dash from your prepaid balance. This guarantees that users will be able to pay for things, in establishments where cryptocurrencies are not fully adopted yet. Soon you will be spending your Dash everywhere!”

PolisPay is currently in open beta and accepting applications to test there services.

Making cryptocurrency spending a reality

The new cryptocurrency debit cards by PolisPay help make Dash align with its vision of making peer-to-peer cash a reality, including for everyday purchases. However, merchant adoption struggled as most merchants did not want to use a separate wallet to accept cryptocurrency purchases. Multiple organizations combated this problem by developing point-of-sale solutions so merchants could easily integrate cryptocurrency payments into their current systems and minimize switching costs. Nevertheless, adoption still struggled and some merchants that had previously accepted cryptocurrency decided to stop accepting cryptocurrency payments as the exchange price dropped and user purchases slowed, as well as with the increasing transaction costs due to scalability issues on major networks such as Bitcoin. This led to another solution that has included debit cards that enable consumers to pay in their desired cryptocurrency and a third party handles the exchange to local currency and payment processing. However, this ultimately relies on trusting a third party and leveraging the fiat currency system, and as such is only a temporary solution for wide adoption.