Crypto Adoption Intensifies: Spend Bitcoin, Ethereum And XRP With Prepaid Mastercard In The US
Crypto adoption at a large scale has been one of the most important goals in the crypto industry.
There have been made a lot of moves in this direction, and they continue in 2020 as well, despite the global crisis that was triggered by the coronavirus pandemic.
BitPay launches prepaid Mastercard to allow users to buy crypto
BitPay launched a prepaid Mastercard that allows US costumers to instantly convert their crypto into fiat without any conversion fees. This is the very first Mastercard Prepaid card for crypto users in the US.
In a recent press release, the Atlanta-based Bitcoin payment service provider said the BitPay Card supports Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ripple (XRP) and stablecoins USD Coin (USDC), Gemini Dollar, Paxos Standard (PAX) and Binance USD (BUSD), according to the latest reports coming from the Daily Hodl.
Cardholders have the ability to buy crypto using the BitPay mobile app.
BitPay CEO Stephen Pair stated the following about the issue:
“The BitPay Card offers new benefits and features for consumers making it easier to convert Bitcoin and other cryptocurrency into a spendable balance without currency risk.”
Various advantages coming
This card can be used for purchases anywhere Mastercard is accepted. Users will get the chance to withdraw cash from ATMs.
It’s also important to mention the fact that the mobile app also allows users to “reload their card, view transaction history and manage card settings.”
The main service of Bitcoin is designed to offer companies and individuals an easy way to accept crypto payments online, and also a way to store their coins.
Check out the complete press release in order to learn all the available details.
In terms of pricing, Bitcoin is trading in the red at the moment of writing this article, and the king coin is currently priced at $9,460.18.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.