Sunday, November 24, 2024


Bitpanda’s new debt card

By DAC000 , in Paytech , at January 24, 2021 Tags:

Paytech Bitpanda, with about 1.6 million customers, has launched a Visa labelled debit card linked to crypto, bullion or fiat currency, as they see fit. About a one minute read.

Comment: ok, this has been done before but the reason I’m writing about is supposedly Bitpanda solves the captain gain / loss problem. Specifically when you deposit assets to back your payments, if the market price of these assets increases before you spend, you have a capital gain, which may attract tax. Not a single solution I’ve looked at to date reports these changes in basis. If Bitpanda does good on them.

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