Not everyone can open a traditional bank account, but a payment card is still useful. A crypto wallet with a linked card offers an alternative route.
Published September 15, 2026 · 2 min read
Opening a traditional bank account in some countries requires proof of address, a minimum deposit, or a credit history, which excludes some people from formal banking entirely. These barriers can affect migrants, students, or anyone without stable documentation or financial history. The result is limited access to payment cards, direct deposits, and other banking services.
A crypto wallet with a linked card typically only requires identity verification (KYC), not a local bank relationship, to be funded and used.
This makes it accessible to a broader group of people, though identity verification is still mandatory for compliance.
Funding such a card requires acquiring cryptocurrency first (for example, buying it through an exchange or receiving it from someone else), which is itself an extra step compared to a bank account funded by a salary deposit. Once funded, a card linked to a crypto wallet can be used anywhere the card network is accepted, the same as a bank-issued card. The card works for online purchases, in-store payments, and ATM withdrawals.
Nexus Pay is a crypto wallet with a Visa card funded across six networks, offering in-app coin swaps and ATM withdrawals. It does not require a traditional bank account, only identity verification. You can fund the wallet by receiving crypto or swapping between supported coins, then spend using the Visa card wherever it is accepted. This setup offers an alternative to conventional banking for people who need a payment card but face barriers to opening a bank account.
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