The multi-currency virtual wallet and crypto Visa Card Spend just added the support for DigiByte (DGB). The latest addition will see to it that users can store the virtual currency as well as spend it using the network’s Visa debit card.
Following the corporation between the two companies, holders of DigiByte (DGB) will now be able to instantly convert their DGB tokens to hard currencies and load it onto the Spend Visa debit card that is accepted at over 40 million locations worldwide.
Announced on 1st July 2019, Spend.com will be supporting DGB settlements – a move that will strengthen the mass adoption of cryptocurrencies across more than 115 countries globally. The latest DigiByte updates by the mobile cryptocurrency application, Spend, will more likely bring good tidings to DGB cryptocurrency.
Consequent to the updates, DigiByte (DGB) supporters and holders can now not only store and access their virtual assets on their mobile phones, but they can also purchase things using Spend Visa Debit Card. Through their usual mode of communication, the management of Spend.com took to their Twitter handle to announce the news saying:
The announcement of the new partnership spells exciting times ahead for millions of users of both Spend App and Digibyte (DGB) as the move is sure to see crypto users pay with DGB via Spend wallet at over 40 million locations around the world. More specifically, users and individuals from a total of 180 countries can now take advantage of the facility.
It is important to note that the Mobile Application is only accessible to users who are using handheld devices that run on iOS software after the company removed its Android App from Google’s Play Store due to performance issues. While responding to a query that was raised by a Twitter user, the management of Spend claims that;
“We have removed our Spend Application from Google’s Play Store platform temporarily to make the necessary updates and adjustments that will enable us to attain high performance. Kindly stay tuned to our page for news on when we will release it again on Play Store! Thank you for your tolerance!”
At the moment, Spend Visa Debit Card is only available to the people who reside in the US, but the company claims they are working hard to see it available across the world. For US residents who wish to get the card can make an application that will see them gain access to the service in 5-7 working days.
It is also worth noting that Spend Debit Card is in an active partnership with Visa Card that ensures Spend is available and accessible in every location where the Visa logo exists. And it exists almost everywhere as we all know.
More Information on Spend App
The Spend Mobile App is a visionary application that was created in 2017, having the unbanked population in mind to help them deposit, store, and utilize funds using their mobile phones. Cryptocurrency is one of the multi-currency options available on its platform; Spend allows several ways to spend money.
Currently, Spend allows users to convert affiliated cryptocurrencies to legal fiat money through the Spend Authorization Engine (SAE) – users can later utilize their funds using Spend’s Visa Debit Card.
Spend also allows cross-border payments by enabling the conversion of listed fiat currencies on its platform, hence allowing money to be transferred to over 180 countries globally.
Conclusion
Currently, DigiByte (DBG) is ranked number 63 in the cryptocurrency market trading at $0.011798 with a market cap of about $141 million. The latest move is sure to have a positive effect on the prices of the virtual currency in the long-run, increasing its adoption rate.
Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.
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