The Volta Wallet does far more than just provide the most convenient platform to handle your cryptocurrency and make trades. As crypto becomes increasingly prominent and mainstream, the desire and indeed need to transform it into something with real-world value on a practical level has grown exponentially.
Because it is no longer just a novel investment for a few daring nerds, but something that most people know something about and many have an investment in, there is an obvious need for means to use it to make payments.
Although many vendors will now accept crypto as payment, including luxury hotels and sellers of top-end cars, watches and fashion, the greatest convenience can be in transforming it into fiat currencies.
Volta Card And Fee-Free Conversions
Such transactions can now be made using the Volta Card, with the facility to convert crypto into fiat currency without the exchange fees currency conversions usually involve.
The list of currencies Volta customers can convert to is not exhaustive, but it is very extensive, numbering 43 in total. This extends further than 43 countries, however, as it includes multinational currencies like the Euro and places that will accept the US dollar alongside the local fiat currency.
Be A Euro Star
By converting to the Euro, you can access most of the nations in the European Union. This includes the 20 EU nation-states in the Eurozone (out of 27 EU countries in total), from big countries like France, Spain, Germany and Italy to small nations such as Cyprus, Malta and the Baltic states.
However, it is worth noting that there are also countries that are outside the EU yet still use the Euro, these being the four micro-states of Andorra, Monaco, San Marino and the Vatican. While these are tiny in terms of geographical size and population, they all attract a lot of visitors, so their use of the Euro is extremely handy.
The other seven EU countries are all in the same situation as the UK was in before Brexit, retaining their own currencies. However, the list of currencies Volta can convert to includes the Czech Koruna, Danish Krone, Hungarian Forint, Polish Zloty, Romanian Leu and Swedish Krona, with only the Bulgarian Lev not on the list.
Lots Of Bang For Your Bucks
If the Euro is the most convenient to convert into, the US dollar comes next.
Apart from its use stateside and in American territories, it can be used alongside local currencies in many countries, including Mexico and Canada.
This is a long list, which also includes Caribbean countries like Barbados, Aruba and Jamaica, Latin American nations such as Belize and Honduras, Liberia in Africa, and Asian nations such as Cambodia and Vietnam in the Far East and Lebanon in the Middle East.
Moreover, in some countries the collapse of local currencies amid economic strife has led to either official dollarization, such as Ecuador, El Salvador and Timor-Leste, or de facto dollarization, such as in Zimbabwe.
Outside the Euro and the Dollar lie 41 other currencies, some very significant and some less so, but all handy if that is what you are going to convert crypto into via your Volta card.
For non-UK users, the British pound is among them, which is very useful for those from elsewhere, even though the currency is used almost nowhere else (South Georgia and the Sandwich Islands being the exception).
Other Important Currencies
Those in the Anglosphere will be glad to be able to access some other currencies, however. These include the Australian and Canadian dollars, though not yet the New Zealand version. Large countries with growing economies and plenty of appeal for tourists are also on the list, helping you spend in Brazilian Rials, India Rupees, Japanese yen and South Korean Won.
Other notables include the Singapore Dollar, Thai Baht, Saudi Rial, Turkish Lira, Egyptian Pound and UAE Dirham.
Countries With Bitcoin As An Official Currency
Perhaps the most curious one on the list is the Central African Republic. In 2022 it became the second country in the world, after El Salvador, to adopt Bitcoin as an official currency. However, it did not abandon the Franc and it is to the latter, not Bitcoin, that using the Volta card will convert your crypto. The same applies to converting to dollars in El Salvador.
This list of currencies is long and very convenient. While it may leave a few gaps at present for those who fancy a trip to Sofia or Auckland, that may not be the case a few years from now, as regulation and legislation in many countries currently lag behind others in regulating and recognising crypto, but must surely catch up in time.
Even so, the Volta Card already enjoys a huge array of conversion possibilities to help you as you travel the globe.