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Even after years of global crypto transactions, the mainstream adoption of crypto payments appears to be rather stagnant. The lack of unified regulations makes crypto operations challenging, and the absence of sophisticated and compliant infrastructure makes payments clunky and difficult to process.
This isn’t to say that crypto payments lack the potential for mass adoption.
For crypto to become a primary payment method, it must solve fundamental problems for users. The crypto infrastructure needs to incorporate intuitive crypto off-ramps and on-ramps, simplified client onboarding, and, most importantly, the ability to pay with crypto cards without needing to pre-fund accounts.
Simplifying Debit Card Payments for Crypto Transactions
There’s no shortage of users wanting to get a virtual debit card and make real-world crypto payments. Until recently, the only way to spend crypto was by converting it into fiat, which you could then withdraw into your bank account to pay via debit cards.
Striga’s card program allows end users to store their cryptocurrencies in a crypto card and spend directly from the balance without converting it into fiat.
Moreover, if a user spends BTC today and the price goes up tomorrow, they will still have the same balance as yesterday. The Bitcoin remains in Bitcoin, and Striga only converts it at the time of the transaction.
A direct debit card payment makes everyday transactions much more convenient. For example, users can set aside their monthly expenses in their crypto exchange wallets to pay for groceries or other daily expenses.
Another use case is cross-border payments when tourists travel and need to pay in a different currency. They can get a virtual debit card to spend in the local currency without incurring exchange fees from Striga. For example, users can add BTC to their crypto wallet and spend in Pesos or Yen through their crypto debit card attached to their account.
Create Debit Card Programs Based on Your Business Needs
Striga’s simplified API documentation makes it easier for partners to structure card programs to fit their business needs. Partnerships and integrations with card networks eliminate the tedious processes that could otherwise take months.
What’s more, there’s no need to jump through multiple hoops or sign an NDA just to view the pricing structure or access the sandbox – it’s all publicly available.
You can launch in just four easy steps:
- Design the card according to your brand guidelines or work with Striga for a guided process.
- Once the card is sent for printing and dispatch, take full advantage of the publicly available documentation and sandbox to work on building your product.
- Manage your card program from the dashboard, monitor transactions, card payments, and the card lifecycle, and create a process to handle the operational aspects of the card program.
- Finally, go live with your branded card program.
A Debit Card Payment Program Without Licensing Requirements
Striga’s free and public sandbox and documentation mean you can create debit card programs without needing any licensing or signing any NDAs. The simplified APIs and in-house compliance handle the heavy lifting so you can focus on building the application.
With the EU tightening crypto regulations, working with a VASP-licensed crypto banking service makes operations more compliant and smoother. Instead of managing multiple partnerships, you work with just one card provider and launch in a matter of weeks.
Striga Crypto-native Banking as a Service:
Your path to building and launching financial products
Join the financial businesses that use Striga’s cloud platform to delight their customers and launch their own products without the complexities that come when dealing with core banking solutions’ relationships, licensing, compliance and payments methods.
