User:BrightCryptoFuture/sandbox

CryptoSpend is a fintech startup that specialises in crypto-payments which allow users to spend their cryptocurrency into fiat currency within seconds. The mobile app allows users to pay their bills in crypto and cash out their crypto-to-dollars in seconds through PayID or BSB and Account Number while the CryptoSpend Card allows users to spend their crypto at any point-of-sale (POS) terminal.

History
CryptoSpend was founded in Sydney, Australia, by Andrew Grech and Richard Voice in early 2018, shortly after the 2017 crypto bull market and 2018 crash. They met at University of Technology Sydney during class and quickly became friends. They decided to create CryptoSpend because they noticed how difficult it was to spend cryptocurrency. For the next two years, the co-founders worked on CryptoSpend in their university's startup accelerator program, UTS Startups.

In October 2020, CryptoSpend launched their app, which allowed users to pay their bills in crypto, and cash out their crypto into any Australian bank account through PayID or BSB and Account number.

In July 2021, CryptoSpend announced a partnership with Visa and Novatti to launch the CryptoSpend Card. The card was then officially released in October 2021 and became the first Australian crypto-payments card to be backed by Visa. The CryptoSpend Card was made available as a physical card and digital card (through Apple Pay and Google Pay).

Partnerships

 * Visa
 * Novatti

Products

 * The CryptoSpend Card allows crypto-to-fiat payments in real-time and can be used anywhere that Visa is accepted, instore and online. This applies to Australia and overseas.
 * The CryptoSpend App allows users to pay their bills in cryptocurrency or cash out their crypto into their bank accounts. CryptoSpend users can also send crypto between each other off-chain with no fees.