A London startup, London Block Exchange (LBX), has introduced a prepaid card that lets users spend cryptocurrencies like bitcoin and ethereum across the UK.
Launched on Tuesday, the “Dragoncard” converts cryptocurrencies to sterling at the time of purchase.
Linked to an app, it supports bitcoin, ethereum, ripple, litecoin, and monero, with plans to add more.
Led by Credit Suisse veteran Ben Dives and ex-UBS banker Adam Bryant, LBX has raised £2 million from private investors.
Users can buy, hold, and spend digital currencies easily. The Dragoncard costs £20, with a 0.5% fee for transactions.
LBX aims to make cryptocurrency mainstream in the UK.
As interest in digital currencies surges …
