That's very interesting, but if I understand correctly, the fees are also rather high, right? For example if I choose the reloadable virtual card:
- Crypto off-ramp fee: 3 %. So for everything I have in the card I pay already 3 %!
- FX fee (non USD, which I would always have to pay): 1,75 %!
- Plus 30 cents for everything (which is not the problem though).
Hmmm...
Fees will come down over time as usage increases, thereby giving us more leverage with banks and card schemes (who take the vast majority of fees). Always remember that crypto cards are convenient, but they're a stepping stone towards more direct decentralised on-chain payment options. Check out what we're doing with our latest partner in LatAm, for example: