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As announced by Ghanaian crypto influencer on Friday, iCE3 have confirmed today that they have launched a Crypto Debit Card.

The exchange confirmed to Global Crypto that the card will be able to be used across South Africa, and will enable crypto holders to spend their funds at any merchant that accepts MasterCard or Visa. The Debit Card converts user’s crypto into South African Rands seamlessly while the merchant receives payment in Rands.

CEO of iCE3, Gareth Grobler says “Many of our users want to buy goods and services with their crypto. The Crypto Debit Card gives power to users who can now spend crypto at merchants countrywide.”

Eugéne Etsebeth, the iCE3X Exchange COO said, “iCE3 has always endeavoured to build partnerships and infrastructure that extends the value of just buying and selling crypto. This crypto card outlines those endeavours.”

According to the iCE3X website, a once off fee of R250 is required to secure the new crypto debit card, which includes couriered delivery.

The relevant fees per transaction are listed in the post as follows:

Swipe & Spend:  Free
Cash withdrawal:  R10 – R18 (Dependent on bank)
Cashback from retail outlet:  R3-R5 Flat Fee (Dependent on outlet)
Maintenance Fee: R10 per month

iCE3X users can pre-register by filling in their registered iCE3 account email at the top of the exchange’s blog post, with preference being given to AIC token holders (the new iCE3 native token).

The exchange announced that they will be distributing the first batch of cards from June 2020 to AIC token holders, and all other pre-registered users receiving their cards in July 2020.

iCE3 also announced a competition whereby users who share the new card on their social media platforms will be entered into a draw to receive their card free of charge.

James Preston
James Preston is the Executive Editor of Global Crypto. He is a writer and media commentator who has been reporting on how the Tech industry will make the world a better place for 14 years, with a large following on South African radio. He is an early adopter of Bitcoin, and began reporting on its revolutionary capabilities in late 2014. Philosophical by nature, he is intrigued by how the world works, and in turn, how it can be bettered. James believes wholeheartedly that the world can become as close to perfect as we humans can imagine, but it will take a lot of effort (and time) to get there. He believes his life purpose is to inspire people to believe this, and find their place in helping humanity achieve it. James regularly does talks on emerging technology and its impact on society at Universities, global conferences, and events. To invite him to speak at your event, or comment for your media outlet, email info@globalcrypto.tv

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