Recently, African countries have contributed significantly to the global increase in the number of cryptocurrency users. South Africa and Nigeria are the top African countries with the highest crypto adoption levels. As a result, most crypto debit card issuers see Africa as a potential market.
Most Africans and merchants are still unsure about cryptocurrency adoption. This is due to the inherent risks associated with these currencies. The first cryptocurrency regulation in Africa remains a mystery. This makes the crypto space a risky investment due to risks such as scams. Second, cryptocurrencies are extremely volatile, which scares away merchants.
Are you, however, an African cryptocurrency user? Or do you want to begin your crypto journey? Here are the different types of crypto debit cards available in Africa.
- Club Swan
Club Swan is a membership club that offers its member’s lifestyle services associated with traditional currency and cryptocurrency. One of these services is providing a platform for storing your cryptocurrency and providing travel discounts.
Furthermore, you will have access to exclusive deals from selected partners and merchants as a member.
Aside from these, Club Swan also provides a Club Swan debit card. This crypto debit card is available in four varieties, depending on the membership fee you are willing to pay.
The membership levels are Starter, Premier, VIP, and Chairman.
Having a Club Swan debit card has some advantages. These benefits include a referral bonus and up to a 22% cashback on your purchases. Other benefits include gift cards and the ability to upgrade your membership level after three referrals.
Furthermore, Club Swan, like most crypto debit cards, can support multiple cryptocurrencies. This includes well-known cryptocurrencies such as Ethereum and Bitcoin.
Thanks to MasterCard, you can also use your Club Swan card to make purchases from over a million merchants worldwide. You can also easily withdraw money from MasterCard ATMs all over the world.
Some of the African countries where you can access a Club Swan MasterCard are:
- South Africa
- Comoros
- Kenya
- Angola
- Tunisia
- Morocco
- Mozambique
- Tanzania
- Nigeria
- Advcash
Advcash is an online payment processor based in Russia. Advcash has been in business for over two decades.
Even though it does not support cryptocurrency, Advcash has a debit card that you can fund with it. Advcash, on the other hand, can comfortably support crypto, albeit indirectly, thanks to its partnership with Binance.
So you must be a Binance user to fund your Advcash debit card. This requires you to connect your Advcash account to your Binance wallet.
More importantly, Advcash partners with MasterCard and Visa, the two most popular processing companies. So, depending on your preferred processing cards, you can choose which card to order. This significantly expands your options.
Thanks to these processing companies, you can also use your debit card for shopping and withdrawals anywhere.
Advcash debit cards are currently only available in a few African countries. However, this figure will almost certainly rise as crypto adoption grows in Africa.
- Crypterium
It is a crypto company based in Estonia founded in 2017 by three founders. Austin Kimm, Gleb.
Markov, and Vladmir Gorbungy are the founders. Crypterium debit cards can accept up to 20 different types of cryptocurrencies. Some of the most well-known coins are Bitcoin, Ethereum, and Litecoin.
In addition, the Crypterium debit card is Visa-enabled. As a result, you can easily initiate withdrawals from any Visa ATM worldwide. Not to mention unlimited shopping in-store or online anywhere in the world.
Crypterium Visa cards are accepted in over 40 countries worldwide. African countries such as South Africa, Nigeria, and others are included in this figure.
- Uquid
Uquid is a cryptocurrency company founded in 2016 by Tran Hung, a fintech developer. The company was founded following a successful ICO (Initial Coin Offering) of more than $17 million in 2017.
Despite its location in the United Kingdom, Africans can use this crypto debit card and reap its benefits. Some of these advantages include the ability to purchase voucher tickets for your telephone bills and other bills.
Aside from simple bill payments, the Uquid debit card lets you choose from over 50 different types of cryptocurrencies. Popular cryptocurrencies such as Litecoin, Ripple, Bitcoin, and Ethereum are among these cryptos.
Furthermore, thanks to Visa, you can use your cryptocurrency to make purchases from anywhere in Africa and the rest of the world. This processing company also makes it simple to initiate withdrawals.
Uquid also provides both physical and virtual cards for your convenience. South Africa and Kenya are two of the many African countries where you can use the Uquid debit card.
- CryptoPay
Cryptopay was founded in 2013 by George Basiladze and Dmitry Gunyashov primarily as a crypto digital wallet. Cryptopay recently began issuing crypto debit cards to cryptocurrency users.
When you sign up for a crypto debit card, you will first receive a virtual copy of the card. You can use this card to make purchases while waiting for the physical card to arrive.
Cryptopay, unlike many other crypto debit cards, only accepts popular cryptocurrencies. Ripple, Bitcoin, Ethereum, and Litecoin are examples of cryptocurrencies.
Furthermore, your cryptocurrency can only get converted to certain fiat currencies. The USD, EUR, and GBP are examples of fiat currencies.
Cryptopay, like most crypto debit cards, is Visa-compatible.
Some African countries where you can access this crypto debit card are:
- South Africa
- Reunion
- Seychelles.
- Monolith
Monolith began as a digital wallet before launching the Monolith debit card. Unlike most crypto debit cards, it operates on the Ethereum blockchain. That means Ethereum is the primary cryptocurrency supported by the card.
Because Monolith is Visa-powered, you can enjoy the benefits of a well-known processing company worldwide.
So far, the only Ethereum-based debit card that can be shipped to African countries is Monolith. Furthermore, only two countries have access to monolithic debit cards. These countries are:
- Ghana
- Reunion.
- Paycent
Paycent is a cryptocurrency e-wallet service launched in 2016 and is available globally via mobile. This digital wallet’s primary function is facilitating cryptocurrency spending, receiving, and sending.
To use your Paycent debit card, you must first download their mobile app wallet. You can manage your Paycent debit card through this app. This includes security, funding debit cards, and converting cryptocurrency to fiat currency.
Paycent also accepts several cryptocurrency debit cards. Ethereum, Bitcoin, and others are examples.
Paycent allows you to trade and hold precious metals such as gold in addition to crypto. It also accepts other payment methods such as WeChat, Alipay, and Crypto. This is its Asian uniqueness.
South Africa and other African countries can obtain this card.
- Xapo
Wences Casares founded Xapo in 2014. The primary goal of establishing Xapo was to provide storage solutions for cryptocurrency users, primarily Bitcoin investors.
Xapo launched its crypto debit card, which can only accept Bitcoin in 2021. Furthermore, Xapo is a member of both Visa and Mastercard.
As a result, if you are a traveler, you can easily use your cryptocurrency to make purchases worldwide. Not to mention the convenience of ATM withdrawals worldwide.
Some countries where you can access Xapo Visa or MasterCard are:
- Ethiopia
- Eritrea
- Kenya
- Angola
- Egypt
- Morocco
- Guinea
- Gambia
You are now aware of the various crypto debit cards available to African countries. So, if you’re looking for a crypto debit card, you can pick your favorite from this list. Furthermore, as Africans, we anticipate that the number will grow as the number of African crypto users – and top rated SA crypto brokers alike – grows.
