Published in


Australia Makes Leap Forwards🌏

Visa Approves Australian Startup to Issue Debit Cards for Spending Bitcoin

Australians will soon be able to spend crypto via existing brick-and-mortar point-of-sales with the issuance of a new physical debit card, the Australian Financial Review reported Wednesday.

Global payments giant Visa has approved local Australian startup CryptoSpend to begin issuing debit cards for the startup’s users. Those using the CryptoSpend app can then pay using their bitcoin and other supported crypto at retail stores and hospitality venues.

Instead of needing to convert from crypto to fiat, like some other offerings on the market, users of CryptoSpend’s app can make direct purchases.

ASX-listed Novatti will issue the card, which is expected to hit Australia in September, while custody of the crypto holdings will be handed over to New York-licensed custodian BitGo, AFR reported.

CryptoSpend’s app allows users to spend their crypto, payout to their account, and pay bills with supported cryptos including bitcoin, ether, XRP, Bitcoin Cash and Litecoin. The app has its own wallet on which users can hold their coins.

The move captures the growing interest in cryptocurrencies for Australia’s economic market. Hong Kong-based became a principal member of Visa Australia in March, allowing the business to directly offer its version of a crypto Visa card in Australia.

About Cudos

The Cudos Network is a layer 1 blockchain and layer 2 computation and oracle network being designed to ensure decentralized, permissionless access to high-performance computing at scale and enable scaling of computing resources to 100,000’s of nodes. Once bridged onto Ethereum, Algorand, Polkadot, and Cosmos, Cudos will enable scalable compute and Layer 2 Oracles on all of the bridged blockchains.

Telegram.Twitter .Facebook. Linkedin. Blog.




Cudos is powering the metaverse through cloud computing bringing together DeFi, NFTs, and gaming experiences to realise the vision of a decentralised Web 3.0, enabling all users to benefit from the growth of the network.

Recommended from Medium

Reviewing “Modelling Bitcoin’s Value with Scarcity” —Part II: The hunt for cointegration

ETH2 Staking Results: 4 months, +51%

Inside The Polkadot Crowdloans (Part 1)

The Simple Science Behind the P2T Model and How Bitcoin Will Top Around ~$283k (3rd Halving Cycle)

P2T (Price to Time) Model


A few words you need to know about DeFi

The Four Keys to the Success of Facebook’s Libra

Ether at $17,000, $56M for BitConnect Victims, Post-KYC Binance: GetBlock’s Day in Crypto #9

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store


Next Generation Cloud

More from Medium

💬 Cudos’ Matt Hawkins joins Tingo’s Chris Cleverly to discuss compute monetisation in the…

$ECO: Buy + Stake = Whitelist

Are Cryptocurrencies Disaster-Ready?

Taraxa Top Block Producer winners for Week-06, 2022