SORA Card vs. Other Crypto Cards and Wallets

When designing the SORA Card solution, everyone involved was focused on delivering a unique product that stands out against the crypto card crowd and stays true to the SORA values of freedom, decentralization, self-custody and ownership, growth, as well as privacy.

While most crypto cards focus on selling and spending Crypto in the fiat economy, we strive to provide a more expansive banking-style experience through SORA Card.

Every card program applies a distinct business model and has diverse features, therefore it is challenging to make a clear comparison between all of the crypto-powered cards and banking apps currently on the market. However, below is an overview comparing some selected features that you, as the community, pointed out as the most important features the SORA Card should include.

Card	Binance Card	Crypto.com	Crypterium	Revolut	SORA Card
Card Currency	EUR / USD / GBP	EUR / USD	EUR	Multi-currency	EUR (’22) USD (Q2’23) GBP (Q1‘23)
Fiat Wallet Currency	Card is not linked to a fiat wallet	EUR / USD	Card is not linked to a fiat wallet-IBAN wallet in app is EUR	+30 currencies	+25 currencies (Q1’23)
Account Linked to Card	Crypto Account	Fiat Account	Crypto Account	Fiat Account	Fiat Account
Card Type	Debit Auto-conversion	Debit Top-up	Debit Тор-up	Debit Top-up	Debit Top-up
Crypto Wallet Type	Custodial	Custodial	Custodial	Custodial	Self-custodial
Apple Pay & Google Pay	Only Google Pay	Yes	Only Apple Pay	Yes	Yes
Who Possesses My Assets?	Binance (Crypto)	Crypto.com (Crypto) + IBAN provider (Fiat)	Crypterium (Crypto) + IBAN provider(Fiat)	Revolut (Crypto + Fiat)	YOU (Crypto) + IBAN provider (Fiat)
Who Possesses My Personal Data?	Binance + IBAN provider	Crypto.com + IBAN provider	Crypterium + IBAN provider	Revolut	YOU + IBAN provider not SORA
Exchange Type	Centralized	Centralized	Centralized	Centralized	Decentralized (Crypto↔Crypto) + Centralized (XOR↔EUR)
Cash Withdrawl Limit	EUR 290 per day	EUR 500-2000* per day *Depends on card	EUR 500 per day / EUR 2,500 per month	EUR 3,000 per day	EUR 5,000* per day *Will be higher for upcoming higher tier card programs. ATM limits need to be observed.
Spending Limit	EUR 8,700 per day	EUR 25,000 per day	EUR 10,000 per month	No spending limit / Max. 50 transfers per 24h	EUR 25,000* per day *Will be higher for upcoming higher tier card programs.
Top-Up Limit	Auto-conversion spending limit EUR 8,700 per day	EUR 25,000 per month	EUR 5,000 per day 60,000 per month	No crypto top-up enabled	EUR 25,000 per day* *Will be higher for upcoming higher tier card programs.
Top-Up Options	Crypto — Autoconversion	Crypto — top up for spending only, no fiat off ramp	Crypto + Fiat bank transfer	Fiat: bank transfer, credit card, debit card	Crypto (XOR) + fiat: bank transfer, credit card, debit card
IBAN	No	Yes	Yes	Yes	Yes

View the comparison table as PDF: /pub/sora-card-table-alt.pdf

SORA Card’s goal is to provide users access and ownership over their crypto and fiat assets, all in one place!

As you can see in the above table, banking features such as IBAN functionality, FX, SEPA transfers, multiple fiat currencies, etc., make SORA Card stand out against the fiat options available from other crypto apps and cards. At the same time, through integration with XOR and the Polkaswap DEX, you will have access to tokens from multiple EVM chains, and all of the Kusama and Polkadot Parachains, as well as other Substrate tokens.

The SORA card offering will only continue to improve, and through further developments within the fiat and crypto wallet, as well as DEX integrations, users can expect SORA Card to be packed with exciting new features in the near future.

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