BitPay’s Prepaid MasterCard for Bitcoin & Other Cryptos

Thursday, August 6th, 2020

MasterCard and BitPay have recently announced their partnership and offered the 1^st prepaid card for the virtual asset community in the US. This article will tell you more about this new payment solution.

BitPay – MasterCard Partnership

BitPay is the biggest provider of Bitcoin and cryptomoney services in the world. Besides, it’s a pioneer and top company in terms of blockchain payments worldwide. Now, the company offers a new card for secure, smart and efficient conversion of virtual assets into fiat currency.

The latter can be loaded and used globally wherever MasterCard debit can be used to accept transactions. Besides, users can also make purchases online and withdraw cash from ATMs. Additionally, MasterCard now allows the crypto company Wirex to issue payment cards. According to MasterCard, Wirex is now the 1st native crypto firm that can directly issue payment cards to its customers.

Wirex operates under the regulations of the UK’s Financial Conduct Authority (FCA). Consumers can now use this payment option to automatically exchange crypto into fiat currencies. If you’re a merchant in the UK interested in BitPay Card or any other payment-processing services, consider turning to BestPaymentProviders.co.uk.

Best Payment Providers UK is a respectable merchant-processor comparison expert that pays exceptional attention to integration requirements, terms, and complaints of processors to guarantee the most trustworthy review of companies at the time of writing.

New Card for Bitcoin & Other Crypto Currencies

The above-mentioned new card won’t charge any fees for crypto to fiat conversions. However, the payment company hasn’t stated how much it’s going to charge for any card transaction. It’ll charge $2.50 for withdrawing cash out of an ATM, and 3% for foreign currency exchange.

Moreover, a $25.000 maximum balance has a $10.000 daily load and spending limit. Consumers can already obtain the cards in the US. The company’s website enables consumers across Europe to sign up for the cards that are going to be launched in Europe soon.

So, the world’s biggest blockchain-payments provider BitPay has launched its card in partnership with MasterCard. This is the 1st MasterCard prepaid card for crypto users in the US. Soon, it’ll also be available in Europe.