Debit Card
The Linx Debit Card, currently in development and pending an Alephium off-ramp solution, is designed to bridge the gap between digital assets and traditional finance within the Linx ecosystem. Integrated with the Linx Wallet (linxlabs.org/wallet) and Linx App, this non-custodial debit card will enable users to spend cryptocurrencies seamlessly at millions of merchants worldwide where Visa or Mastercard is accepted.
Key Features
Seamless Crypto Spending: Users can spend cryptocurrencies directly from their Linx Wallet, with real-time conversion to fiat currency (e.g., USD, EUR) at the point of sale.
Non-Custodial Design: The card integrates with Linx Wallet’s non-custodial infrastructure, ensuring users retain control over their private keys and funds.
Global Accessibility: The card will be available in over 100 countries, subject to regional regulatory approvals and off-ramp availability, enabling contactless payments via Apple Pay and Google Pay.
Card Functionality
Linx Crypto Debit Card will operate as follows, once the Alephium off-ramp is implemented:
Funding: Users top-up their wallet with cryptocurrencies (e.g., LINX, ALPH, KDA) or stablecoins (e.g., USDC) via Linx App or Linx Wallet.
Card Linkage: The card, issued as a virtual or physical Visa or Mastercard, is linked to the user’s wallet. Virtual cards support Apple Pay and Google Pay for contactless payments, while physical cards include chip-and-PIN technology.
Transaction Process: At the point of sale, the card initiates an instant crypto-to-fiat conversion using real-time market rates sourced via the off-ramp provider. The converted fiat is used to settle the transaction with the merchant.
ATM Withdrawals: Users can withdraw fiat at ATMs worldwide, subject to a ATM fee (aligned with industry standards).
Transaction Monitoring: Real-time transaction history and balance updates are provided, ensuring transparency and control.
Alephium Off-Ramp Dependency
The Linx Crypto Debit Card’s full functionality on Alephium is contingent on the development of a robust off-ramp solution to convert ALPH into fiat currencies.
Benefits for Users
Real-World Utility: Users can spend crypto at millions of merchants, from online retailers to physical stores, without manual conversions.
Seamless Integration: The card works natively with Linx Wallet and Linx App, providing a unified experience for managing assets, swaps, and payments.
Global Reach: Support for over 100 countries enables users to spend crypto worldwide, with contactless payment options.
Benefits for the Linx Ecosystem
Increased Adoption: The card lowers barriers to crypto usage, driving engagement with Linx Wallet and Linx App.
Composability: The card enhances the Linx ecosystem’s utility, enabling users to spend borrowed assets or yields from lending markets directly.
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