‘Crypto Money Era Begins in Shopping’
Paribu CEO Oral, who said that only a few platforms in the world made an agreement with Visa, stated that cardholders can easily spend their crypto money balances in daily life with their newly released debit card. Oral stated that they will not receive a commission from these transactions.
Although it has been talked about for a while that crypto coins will replace money in daily life, this expectation has been shelved for a while due to reasons such as scale and speed. However, financial technology companies pave the way for the use of cryptocurrencies in daily purchases with the hybrid solutions they have created. it produced the first example of a card platform Paribu digital assets in Turkey. Paribu CEO Yasin Oral said that only a few platforms in the world made an agreement with Visa. He stated that with the newly released debit card, their customers can easily spend their TL and crypto money balances in Paribu in daily life.
‘THEY CAN BUY COFFEE WITH CRYPTO COINS’
Stating that they are in cooperation with Turkish fintech company Param in the project, Oral said, “We have achieved the solution of the question of whether we can buy coffee with crypto money at the current point?” Saying that all transactions that can be made with a bank card can be done with this card, Oral said, “Our customers will be able to spend either Turkish Lira or crypto money in Paribu balances. In the cryptocurrency section, Paribu can sell it as a market transaction within milliseconds, convert it into TL and use it.”
‘WE WILL NOT TAKE COMMISSIONS FOR CARDED CRYPTO TRANSACTIONS’
Noting that there is a commission they normally charge for trading transactions in the market, but they do not intend to apply a commission for card purchases, Oral said that the card can be used in more than 200 countries where Visa is valid. Oral added that thanks to this card, crypto money investors will have the opportunity to use the cryptocurrencies they invest in daily life.