Sofia, Bulgaria, July 16th, 2024 – Coinscribble by Coinbound / Crypto wallet and payment platform Ka.app announced the official launch of its highly anticipated, Visa-compatible Ka. Debit Card on May 21, 2024. This card allows users from the European Economic Area (EEA) to effortlessly spend their digital currencies in the real world—by converting cryptocurrencies to euros and using the card for in-store transactions or online payments—combining the convenience of traditional financial services with the benefits of digital currencies.
A New Era of Seamless Crypto Spending
The Ka. Debit Card is designed to make spending crypto as simple and straightforward as possible like using a bank card. Whether users are grabbing a cup of coffee, booking a trip, shopping for groceries, or paying for online subscriptions, they can seamlessly integrate the Ka. Debit Card into their daily routines.
“We understand that integrating crypto into the real world can be challenging, so we designed a beginner-friendly solution for that through the Ka. Debit Card,” Ka.app Chief Marketing Officer Tiago Serôdio shares.
6 Reasons the Ka. Debit Card Stands Out
With a good number of crypto debit cards to choose from in the market, let’s take a look at some of the reasons the Ka. Debit Card stands out:
1. High Euro Transaction Limits
With the Ka. Debit Card, users can spend up to €5,000 per transaction, €8,000 daily, €10,000 weekly, and €20,000 monthly.
2. Efficient In-Store and Online Transactions
Using the Ka. Debit Card for in-store shopping and online payments are easy. It works like a traditional bank card, so users can just tap their card or enter their card details when making a payment.
3. Convenient ATM Withdrawals
The Ka. Debit Card simplifies the process of selling crypto for eurosto cashing them out through any Visa-compatible automated teller machine (ATM). The ATM withdrawal fee is only €1 per transaction, making it extremely affordable for everyone. Withdrawal limits are €550 per transaction and daily, €1,600 weekly, and €4,600 monthly.
4. Secure End-to-End Transactions
From converting crypto to euros to spending or cashing out euros, transactions are secure with the Ka. Debit Card. For in-store payments over €50, users need to enter a PIN, and the card also features a 3-digit security code for verifying online transactions.
In case of suspicious activity, freezing the card is easy through Ka.app.
5. Topping Up Funds Is Cheap
Users can top up their Ka. Debit Card by transferring euros into the app from their external IBAN or converting crypto to euros. Incoming euro fees start from €1, while conversions would require as low as 0.376% of the transaction amount.
6. The Card Is Sleek and Trendy
The Ka. Debit Card boasts a sleek, purple, matte design with UV-varnished patterns, making it not just functional but also a stylish card on the go.
Ordering & Activating the Ka. Debit Card
Users who’d like to get their own Ka. Debit Card can do so bysigning up on Ka.app then activating the platform’s Cash feature. Once done, they’ll see an ‘Order Card’ option where they need to agree to the Terms & Conditions and enter their delivery address.
Ka.app delivers the Ka. Debit Card in EEA countries within 5-10 business days. Upon receiving the card, users can activate it bylogging in to Ka.app and going to the Cash feature. They just need to tap/click on ‘Activate Card,’ enter their passcode, set a 4-digit PIN, and enter the 3-digit CVC from their card.
The Ka. Debit Card Has a Lot More In Store
“Releasing the Ka. Debit Card was a huge milestone for Ka.app, but we’re also adding more features that can make it much more convenient for regular use. One of our upcoming features is being able to top up funds using a credit/debit card instead of just IBAN or converting crypto to euros,” Serôdio says.
The Ka. Debit Card makes integrating crypto into someone’s lifestyle simple, whether a crypto beginner or enthusiast. No need for third-party providers or complicated procedures—just a simple, efficient, and stylish way to spend funds.
For more information, please visit the Ka. Debit Card page.
About Ka.app
Ka.app is a crypto payment app and wallet, a blockchain alternative to mainstream mobile payment services. The platform uses a simple UI/UX, making crypto transfers quick and easy for beginners and enthusiasts alike. Through its convenient features, products, and services, Ka.app aims to make all things crypto simple, while being a huge contributor to global crypto adoption.
Disclaimer: KASTA CCHS Italy S.r.l. is registered as a VASP in the special section of the OAM Register (Providers of services related to the use of virtual currency and digital wallet service providers) with Number PSV103. As repeatedly highlighted by the Bank of Italy, and in line with the guidelines issued by international bodies (FSB, FATF) and at the European level by ESMA, it is clarified that crypto-assets are highly risky and speculative instruments and are not suitable for most consumers as an investment or a means of payment or exchange. Moreover, the possibility of profit is not guaranteed in any way, also due to market volatility. Crypto assets are not currently subject to the rules on transparency of banking products, payment services, and investment services and lack specific protections. Therefore, it is necessary to be aware of the risk of loss, including the total loss of the invested capital, fraud, and errors, and the absence of protective measures available to customers wishing to invest in crypto-assets. Furthermore, some crypto-assets have no intrinsic value, are not backed by any right to reimbursement, and cannot be considered suitable for payment or investment purposes due to their highly risky nature. Finally, it is noted that the Bank of Italy discourages activities related to crypto-assets. Customers are therefore advised to review and read carefully the contractual provisions available on the Ka.app website for completeness.
