The LBX Dragoncard will be accepted anywhere that takes Visa (so, everywhere)
A new London-based exchange for cryptocurrencies is being opened, offering conversion of pound sterling to a variety of different digital currencies, as well as a pre-paid Visa card (the Dragoncard).
London Block Exchange (LBX) customers will be able to spend their cryptocurrencies anywhere that Visa cards are accepted, it says. Founder Benjamin Dives said, “If a shop accepts Visa, it now accepts Bitcoin, Ethereum, Litecoin or Ripple.”
The LBX is, it says, the first exchange with a card hosting multiple cryptocurrencies, and the first to convert automatically from pound sterling (it is more standard for cards and trading platforms to convert from Euros to only one currency, such as Bitcoin). Other ‘credible’ currencies will be added to the exchange in the future.