Comparison of Crypto Card Generations
The table below summarizes the key characteristics of each generation of crypto cards, highlighting the advancements in user control, security, and integration capabilities.
| Features | 1st Gen | 2nd Gen | 3rd Gen |
|---|---|---|---|
Custody | Custodial | Custodial | Non-Custodial |
Counterparty Risk | Yes | Yes | No |
KYC | Yes | Yes | Yes |
Technical Complexity | Easy | Medium | Hard |
User Experience (UX) | Medium | Good | Medium |
Pre-Funding Requirements | High | Medium | Low |
Integration | Web2 – REST API | Web2 – REST API | Web3 Native |
Each generation of crypto cards represents a significant leap forward in terms of functionality, user autonomy, and security. The transition from the simplicity of 1st generation prepaid cards to the sophisticated, non-custodial solutions of the 3rd generation mirrors the broader shift towards decentralization and user empowerment in the blockchain space.
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