By now you’ve most likely heard of crypto cards and the benefits they offer for digital asset holders, which is how you landed on this page!
If you’re keen to get involved but you’re not exactly sure where to start or how the process works, you’ve come to the right place.
Here, we’ll talk you through the process of getting your card and setting up your account, which will allow you to use the XRPayNet network to spend your crypto freely and conveniently.
What Are Crypto Cards And XRPayNet?
Before we go over the steps you need to take to start using crypto cards with XRPayNet, let’s touch on precisely what they are, just for anyone who’s slightly unsure.
Crypto cards are much like regular bank cards and they can be used to pay for goods and services. The only difference is, rather than being linked to your bank account, they’re linked to your crypto wallet.
When a transaction is made, the crypto is converted into fiat currency. So even though you’ve paid in crypto, the business you’re paying still receives their usual currency.
In the past, one major drawback of crypto was the difficulty holders had in spending it. These assets were viewed primarily as something to invest in, rather than a currency for making everyday purchases.
But all that has changed since the arrival of crypto cards, which means you can now use your crypto to pay for your morning coffee, make ATM withdrawals and spend with any retailer that accepts Visa and Mastercard.
All of this is made possible by the provider – in this case us – who uses blockchain technology to convert the crypto into fiat currency.
Getting Started
So now we’ve got a firm understanding of crypto cards, XRPayNet and how they work, here’s a step-by-step guide to getting started.
Create an Account:
First, you’ll need to create an account with us. For this, you’ll need to provide some basic personal information and undergo identity verification procedures, in adherence to regulatory requirements.
Link Your Cryptocurrency Wallet:
Once you’ve set up an XRPayNet account, it’s time to connect your existing cryptocurrency wallet to the XRPayNet platform. This will involve adding your wallet details securely to the system to enable the conversion of your digital assets during transactions.
Verify Your Identity:
Crypto regulations are constantly shifting, so if there are any additional identity verification steps required by XRPayNet to comply with regulatory standards then this will need to be done.
Order Your Crypto Card:
Once your account is set up and you’re fully verified, you can then order your XRPayNet card. The card will link to your cryptocurrency balance which allows you to spend your digital assets like you would with a regular bank card.
Receive And Activate the Card:
If you’ve ordered a physical card, once it’s been delivered, activate it following the instructions we’ve provided.
Load Cryptocurrency Onto Card:
Next, it’s time to transfer the desired amount of cryptocurrency onto your XRPayNet card. Depending on the assets you own, this step may involve selecting the specific cryptocurrencies you wish to convert into fiat currency.
Start Using Your Crypto Card:
Once the card is loaded, you can then start using it for various transactions, just like a traditional bank card. Whether you’re using it for making purchases online or in physical stores, your XRPayNet crypto card effortlessly converts your chosen cryptocurrency into fiat currency for each transaction.
So there’s your walk-through to getting your crypto card to spend your assets on everyday transactions. As you can see, this is a really simple and hassle-free process that will allow you to reap the benefits of using your crypto for purchases.
So what are you waiting for? Sign up and get started! Alternatively, if you have any questions then don’t hesitate to get in touch as we’d be happy to assist.