Next-Generation of Debit Cards Will Make Our Life Easier
The two options that looked more serious – Bitwala and Wirex – were not available yet to European consumers but “coming soon.” they are the best options and alternatives to the traditional debit cards offer by banks
Bitwala isn’t available yet but a post published yesterday on their website says: “[We] are quickly approaching our launch date of the all-new Bitwala blockchain banking experience.” They plan to start rolling out their services in the summer, Germans first.
Wirex cards are at this moment available in Europe. In May, the company announced that the Wirex card is available for residents of the European Economic Area (EEA), which includes the European Union (EU) and the European Free Trade Association.
Wirex, headquartered in London, wants to build “the best personal finance platform for cryptocurrency in the solar system.” According to the company, Wirex combines cutting-edge cryptocurrency features with traditional currency accounts and globally accepted debit cards.
On paper, Wirex seems able to dramatically simplify the life of bitcoin users like us, who don’t “hodl” but use bitcoin to pay bills and put food on the table, like Satoshi intended. Wirex offers a bitcoin wallet, a built-in mini exchange, the possibility to hold funds in crypto or fiat (USD, GBP and EUR), and a debit card that can be loaded with bitcoin.
Of course, customers have to go through all that KYC nonsense on which the authorities insist. “Before you can get your hands on the card you will have to verify your Wirex account,” says the Wirex web. “Click here to login and complete a few simple verification steps. Get your photo ID ready – it only takes a few minutes.”
The process takes only a few minutes. After opening my Wirex account, I downloaded the app available for Android or IOS, completed my profile, verified my phone number, and started the identity and address verification process. I took a picture of my passport, a selfie, and a picture of a document that constituted a valid proof of address.
Five stars to Wirex support
Wirex support was responsive and efficient, and my account was verified with a combination of documents. My first experience with Wirex support has been very positive, and I give them five stars.
Though the website says that the proof of address should be in English, support clarified that it must be in Latin characters, but not necessarily in English. In fact, they accepted my documents in another language.
After getting my identity and address verified, I ordered a Wirex debit card, which I’ll be able to load with bitcoin. I look forward to reporting on my Wirex card experience in future Crypto Insider posts. In the meantime, I can use the Wirex app as a bitcoin wallet.