Debit Card for Cryptocurrencies Will Be Launched in UK

Debit Card for Cryptocurrencies Will Be Launched in UK

According to Business Insider, London Block Exchange(LBX) will launch a debit card in December, which linked to an application that allows people to spend and hold cryptocurrencies.

The debit card named “LBX Dragoncard” is designed for users to convert cryptocurrencies like Bitcoin, Ethereum, Ripple, Litecoin & Monero to British pound sterling and spend it across Great Britain. More cryptocurrencies will be added in the future. Money can also be withdrawn by the card as well.

LBX executive chairman, Adam Bryant claimed that “We’re offering a grown up and robust experience for those who wish to safely and easily understand and invest in digital currencies. We’re confident we’ll transform this market in the UK and will become the leading cryptocurrency and blockchain consultancy for institutional investors and consumers alike.” LBX has raised £2 million from private investors so far.