ATLANTA--(BUSINESS WIRE)--BitPay, the largest global blockchain payments provider, today introduces the BitPay Card, the first Mastercard® Prepaid card for crypto users in the United States. The BitPay Card enables customers to instantly convert cryptocurrency into fiat currency, which is then loaded onto the card and can be spent anywhere Mastercard debit is accepted around the world. Customers can also use their cards online for purchases and to withdraw cash from ATMs.
Global blockchain payments provider BitPay announced on Thursday it has launched the BitPay Card, which is claimed to be the first Mastercard Prepaid card for crypto users in the U.S. According to BitPay, the BitPay Card enables customers to instantly convert cryptocurrency into fiat currency, which is then loaded onto the card and can be. The BitPay Prepaid Mastercard® Supports Apple Pay® For an Easy Shopping Experience Apple Pay is the newest way BitPay makes living life on crypto easy. Simply open Apple Pay and scan or enter the BitPay card information to use it wherever Apply Pay is accepted.
“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,” said Stephen Pair, co-founder and CEO of BitPay. “We are excited to work with Mastercard to expand crypto’s use, while making it easy for businesses to attract new customers who want to spend Bitcoin and offer more places for customers with Bitcoin to shop.”
The BitPay Card offers a safe, smart, and fast way to convert crypto to fiat currency without conversion fees. The card features an EMV chip that provides added security and is contactless-enabled for payments. The BitPay Card requires the BitPay mobile app and can empower cardholders to reload their card, view transaction history and manage card settings on the go. The BitPay Card supports BTC, BCH, ETH, XRP and stable coins USDC, GUSD, PAX and BUSD. Funds are made available to cardholders in minutes, without having to wait on an exchange to transfer funds. The BitPay App not only tracks and manages card spend, but also allows you to purchase crypto and gift cards from popular brands. Applicants for the BitPay Card must be at least 18 years old and successfully complete identity and residency verification. To sign up, visit bitpay.com/card.
“At Mastercard, we’re committed to offering differentiated financial services to consumers on a global scale,” said Sherri Haymond, executive vice president, Digital Partnerships at Mastercard. “We’re excited to be working with BitPay to offer consumers greater choice and flexibility when it comes to managing their finances.”
“We’re honored that BitPay is using Galileo’s flexible APIs to power its BitPay Card, making it easy for customers to pay for purchases with bitcoins wherever Mastercard debit cards are accepted,” added Galileo Financial Technologies CEO Clay Wilkes.
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About BitPay
Bitpay Prepaid Mastercard
Founded in 2011, BitPay is the pioneer and the most experienced company in Bitcoin and blockchain payments. Its suite of products enables businesses to send and receive cross border payments, also enabling consumers to manage digital assets with the BitPay Wallet and turn digital assets into dollars with the major network-branded reloadable cards. The company has offices in North America, Europe, and South America and has raised over $70 million from leading investors including Founders Fund, Index Ventures and Aquiline Technology Growth. For more information visit https://bitpay.com
Bitpay Prepaid Mastercard Visa
This card is issued by Metropolitan Commercial Bank (Member FDIC) pursuant to a license from Mastercard International Incorporated. “Metropolitan Commercial Bank” and “Metropolitan” are registered trademarks of Metropolitan Commercial Bank ©2014. Use of the Card is subject to the terms and conditions of the applicable Cardholder Agreement and fee schedule, if any.