Gate.io Partners with Visa to Launch Crypto-Linked Card in Over 40 Countries

WHY IT MATTERS

A crypto-linked card works like a regular debit card, but instead of drawing money from a bank account, it draws from your cryptocurrency holdings. Think of it like having a gift card that automatically converts your crypto into regular money when you tap to pay at a store. This kind of product matters because it bridges the gap between holding cryptocurrency and actually using it for everyday purchases. For someone new to crypto, it is worth understanding that while these cards make spending crypto more convenient, they typically involve fees and may trigger taxable events each time crypto is converted to pay for something.