Hello, Boarders,
It’s Victoria here again.
I really enjoy shopping. In fact, I always say spending money is one of my top two favorite things to do, and it's not No. 2. But as someone who gets paid and saves most of their money in crypto, spending it is a whole process of its own. Let me walk you through it.
The problem - Spending my Crypto
When I see something nice online and want to pay for it, the first thing I do is convert some of my crypto to fiat (local currency), in my case, Naira, and then proceed with the purchase.
But last year, shopping online became a real pain, especially when you need your bank card to do it. This is because of the $20 limit on Naira cards, which made the process even longer since I don’t own a Domiciliary account. How I solve this problem is that I convert my crypto to fiat (Naira), then fund my dollar card, one I got from a virtual USD card provider.
So, to successfully spend my crypto, I’d have to go through those three major steps, and trust me, it's exhausting.
If you earn or maybe save in crypto, you definitely are familiar with this scenario, or at least the part where you need to convert to fiat to spend. It’s tedious and doesn’t have to be.
In addition to the tedious process, a major downside to using a dollar card service provider, is the extremely high dollar rate that would sometimes mean that I’m paying 20% more than the amount, and who really wants to do that? This situation was far from ideal.
How I’m fixing it
Late last year, I was lamenting because I needed to process a payment, and I knew I was about to spend extra just because of the card I use. Then, my friend told me about using the Onboard USD Card. I know this may sound like a made-up story, but it’s not.
I initially tried out my friend's card to make sure it was what I wanted. The ease of use and having to just send him crypto to fund the card directly was so exciting for me. As a chief campaign officer for mainstream adoption, it really made me happy. From my tweet below, you can tell I ended up deciding to pay the $3 card creation fee, and a couple of friends have since used the Onboard Virtual Card.
Why I think everyone needs an Onboard USD Card
The card has broken down the tedious process of trying to spend your crypto. If you hold crypto (especially stablecoins), you can easily fund your card with stablecoins from any wallet and spend. You no longer need to convert your crypto into fiat beforehand.
The next time someone asks you, "So you hold crypto, can you spend it easily?" You can definitely answer yes.
The future of crypto
As I wrap up today's post, I can't help but feel excited about the possibilities that lie ahead for all of us in the crypto community. The Onboard USD Card isn't just a payment solution; it's a channel to make our digital assets as liquid and spendable as fiat, without the unnecessary steps and added costs.
It's a testament to the progress we're making towards broader crypto acceptance and mainstream adoption. So, whether you're a seasoned crypto hodler or just starting out.
I’m curious, have you ever tried the Onboard USD Card, or do you have your own experiences with crypto cards? Kindly share with me.
That’s all for today. Until next time, happy spending.
Talk to you soon!