Nowadays, one of the most transformative innovations in the crypto industry is the rise of virtual crypto cards. Why? Because they effectively bridge the gap between digital assets and the real-world economy, making it easier than ever to use crypto in daily life.
From online shopping and paying bills to international travel, virtual crypto cards empower users to spend their cryptocurrencies seamlessly and without barriers. For businesses, especially those building white-label wallets, this opens up a world of opportunities to enhance user experience and unlock new monetization models.
But what exactly are virtual crypto cards, how do they work, and what benefits do they bring to businesses? We will answer these questions in today’s article!
Stay tuned with Evercode Lab – the leading company in white label crypto development for any business in any country. Don’t forget to visit our webpage and meet all the services we can develop just for your business needs.
What Are Virtual Crypto Cards?
At the associative level with bank debit cards, we understand what a virtual card is, but some cards have special features.
Virtual crypto cards are digital payment cards linked to a crypto wallet. Unlike physical debit or credit cards, they exist entirely online and can be used for online purchases, subscriptions, or even at physical points of sale (via integration with mobile payment apps).
So, they provide users with a simple way to spend their crypto or converted fiat without needing to cash out.
How Do They Work?
Actually, the process is straightforward: users link their crypto holdings in a wallet to the virtual card through wallet integration.
Whenever a purchase is made, the system automatically converts the required amount of crypto into fiat currency. Also, if it is possible to make a payment in cryptocurrency, then the card makes the payment directly without conversion. This ensures a smooth user experience while making crypto spending as effortless as traditional payments.
Moreover, most virtual crypto cards are compatible with global payment networks like Visa or Mastercard, making them usable at millions of merchants worldwide.
Benefits of Virtual Crypto Cards in White-Label Wallets
Integrating virtual crypto cards into a white label wallet solution delivers multiple advantages:
- Convenience: Users can instantly access and spend their crypto or fiat worldwide.
- Security: Virtual cards reduce the risk of fraud, as they can be easily frozen, replaced, or limited in use.
- Flexibility: Support for multiple currencies and seamless crypto-to-fiat conversions.
- User Retention: Offering such features makes wallets more attractive and competitive in the Web3 market.
Monetization Options from Evercode Lab
At Evercode Lab, we empower businesses to generate revenue with integrated virtual crypto card solutions. For that reason, our monetization models include:
- Card issuance fees: Charge users for creating new cards.
- Transaction fees: Earn revenue from every transaction made through the card.
- Subscription plans: Offer premium card features such as higher limits, cashback rewards, or premium card designs.
Earn additional income with virtual crypto cards: empower your users to spend crypto or fiat effortlessly while creating new revenue streams for your white label platform.
Final Thoughts
Basically, Virtual cards are being integrated into an increasing list of blockchain products because they are, at least, convenient for paying for services around the world.
By integrating them into your white-label wallet, you provide users with modern, secure, and practical tools while opening new monetization opportunities for your business.
With Evercode Lab, you can integrate universal virtual crypto cards into your product conveniently and without unnecessary problems: from crypto wallets to payment integration into your airline ticket website. Moreover, you can earn additional profit from our monetization system.
Ready to transform your wallet offering? Contact our team today and discover how virtual crypto cards can elevate your business to the next level.