Touted for its ability to allow users to “leverage the digital assets in their day-to-day lives,” the Bakkt Visa debit card is now available for online and in-store purchases.

Intercontinental Exchange subsidiary Bakkt has introduced a debit card allowing customers to use crypto for retail purchases.

In a Tuesday announcement, Bakkt said it had launched a fully virtual Visa debit card for both online and in-store spending. Card holders can spend Bitcoin (exposedcrypto.com/bitcoin-price” data-amp=”https://cointelegraph-com.cdn.ampproject.org/c/s/exposedcrypto.com/bitcoin-price-index/amp”>BTC) from their Bakkt accounts without waiting to convert the cryptocurrency to fiat.

“Imagine a Bitcoin user who sees a significant gain,” said Bakkt CEO Gavin Michael. “Now, instead of selling and waiting to transfer to a bank, they can simply walk into their favorite store, tap their Bakkt Card and buy that new item they’ve been eyeing […] the Bakkt Card untethers Bitcoin owners from their online-only past into a world with countless options to leverage the digital assets in their day-to-day lives.”

Sutton Bank, a member of the Federal Deposit Insurance Corporation, is issuing the debit cards in compliance with a license from Visa. Bakkt avoids BTC transaction fees by selling crypto to users at a price higher than that of the current market rate, which it said has been “no more than 1.5% throughout 2021.”

The debit card release follows Bakkt announcing in March that it had exposedcrypto.com/news/bakkt-launches-payments-app-as-institutions-compete-for-crypto-assets” data-amp=”https://cointelegraph-com.cdn.ampproject.org/c/s/exposedcrypto.com/news/bakkt-launches-payments-app-as-institutions-compete-for-crypto-assets/amp”>launched a digital asset payments application allowing customers to use BTC and other cryptocurrencies for purchases. At the time, the platform was advertised as a way “to amplify consumer spending, reduce payment costs, and bolster merchant loyalty programs.”

Related: exposedcrypto.com/news/cash-or-plastic-countries-where-crypto-debit-cards-are-fair-game” data-amp=”https://cointelegraph-com.cdn.ampproject.org/c/s/exposedcrypto.com/news/cash-or-plastic-countries-where-crypto-debit-cards-are-fair-game/amp”>Cash or Plastic? Countries Where Crypto Debit Cards Are Fair Game

Many exchanges and digital asset marketplaces have exposedcrypto.com/news/got-crypto-here-are-3-debit-cards-that-let-you-spend-your-stack” data-amp=”https://cointelegraph-com.cdn.ampproject.org/c/s/exposedcrypto.com/news/got-crypto-here-are-3-debit-cards-that-let-you-spend-your-stack/amp”>launched their own crypto debit cards this year as awareness of the industry grows. BitPay announced in February that it would be offering a crypto Mastercard with support for six tokens, while the Visa card issued by Crypto.com allows users to fund their accountswith more than 100 cryptocurrencies.