Apto UK’s First Cryptocurrency Debit Card


Bryan Cave Leighton Paisner has advised on the high-profile launch of the UK’s first cryptocurrency debit card.

Apto Payments Inc. launched its card by Coinbase.

Coinbase is a cryptocurrency exchange valued at more than $8 billion and a major trading venue for cryptocurrencies. This transaction makes it the first crypto exchange to enable UK customers to make purchases and cash withdrawals directly from their crypto wallets using debit cards.

Apto provides the technology and support services required for the debit cards to work. In order to enable the operation of the cards, Apto entered into a BIN sponsorship agreement with card issuer Paysafe and a separate tripartite program management agreement with Paysafe and Coinbase, to govern the specifics of the cryptocurrency debit card program.

Apto was introduced to the London Commercial and Technology Team by Stan Koppel (Picture) from the BCLP San Francisco office. The BCLP team was led by Marcus Pearl and Louis Wihl, with Kai Zhang providing regulatory advice and payments industry expertise, and Kate Brimsted and Tom Evans advising on data protection.

Involved fees earner: Amie Bensouda – Amie Bensouda & Co; Kate Brimsted – Bryan Cave Leighton Paisner; Simon Buchler – Bryan Cave Leighton Paisner; Tom Evans – Bryan Cave Leighton Paisner; Stanton Koppel – Bryan Cave Leighton Paisner; Eleanor Morris – Bryan Cave Leighton Paisner; Marcus Pearl – Bryan Cave Leighton Paisner; Alexander Sarac – Bryan Cave Leighton Paisner; Louis Wihl – Bryan Cave Leighton Paisner; Kai Zhang – Bryan Cave Leighton Paisner; Yassin Senghore-Mbai – Senghore Law Practice;

Law Firms: Amie Bensouda & Co; Bryan Cave Leighton Paisner; Senghore Law Practice;

Clients: Apto Payments Inc.;