Xapo is launching a new product that allows users to spend the virtual currency in any place that takes Mastercard.

Despite its popularity, bitcoin still isn't the preferred currency of most people since not a lot of places accept them.

Bitcoin storage and wallet service Xapo is hoping to make it easier for people to use bitcoin by launching a new debit card that they can use to spend bitcoin in any place that accepts Mastercard.

The Xapo Debit Card works like a typical credit card and would make it easy for people to use bitcoin in real time and at any establishment or online store that uses credit or debit cards. The card would also allow businesses to accept these kinds of payment even if they don't accept bitcoin. Businesses that accept payments through the Xapo Debit Card will receive the amount in their local currency.

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