More Banks, Credit Cards and Merchants to Accept Cryptos and Altcoins in 2021

Updated: 6 days ago

While it isn’t news that some banks, like USAA Federal Savings has in the recent past allowed you, in a limited way to buy, sell and utilize Bitcoin, USAA Federal now allows it’s members to get a great portfolio overview of their cryptocurrencies.

Paypal also has limited support of major Cryptos, and Tradestation Securities now allows trading on their platform, albiet for larger and more well-backed cryptos.

This month Mastercard has also announced support for other Cryptos, and this month announced they are bringing cryptocurrencies into their network stating:

“We are here to enable customers, merchants and businesses to move digital value — traditional or crypto — however they want. It should be your choice, it’s your money.”
“We teamed up with Wirex and BitPay last year to create crypto cards that allow people to transact using their cryptocurrencies.”

For years domain registrars and web hosting companies have accepted payments for their products and services, but I wouldn’t rush to purchase anything with Ethereum for the time being. Network charges for even a $9 purchase can be as high as $23 or even higher. Brego is told that this has to do with network congestion. So, be careful, a careless purchase with crypto can cause you dearly as even a recent Pizza delivery person was tipped $400. Of which the pizza deliver person cashed in the $5 tip form 2013. At that time he received $5 in bitcoin which at the time was the equivalent of .006 Bitcoin, Well, it matured and the driver cashed in his $400.

#CreditCards #Cryptos #Mastercard

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