Polkadot Card: The acceptance of cryptocurrencies as a payment method for real-world services is growing. Many established brands have started accepting digital assets; for example, the leading fast-food chain, Steak 'n Shake, now allows its customers to pay with cryptocurrencies.
However, most of the options currently available are limited to stablecoins or Bitcoin. To integrate more cryptocurrency options, Nova Wallet has launched the first Polkadot debit card of its kind.
Launched in collaboration with Mercuryo and MasterCard, the card allows users to pay with DOT tokens. Polkadot teased the announcement saying: "I didn't expect it today. But yes, you can now buy coffee with DOT."
At the time of writing this note, Polkadot (DOT) is trading at approximately $4.041 per token. With a market capitalization close to $6.60 billion, it has a total circulating supply of approximately 1,583,910,015 DOT, according to data from CoinmarketCap. Therefore, the Polkadot card aims to bring these circulating DOT tokens closer to real use cases.
The Polkadot debit card allows users to exchange and pay with DOT tokens, which are then converted into fiat currency. The card integrates seamlessly with Apple Pay and Google Pay wallets.
The debit card is initially available throughout the European Economic Area (EEA), which includes Spain, Sweden, Portugal, and Italy, among other countries. It is denominated in euros (EUR) and is specifically aimed at users in the European Union.
