BitPay just launched a new product. I am talking about prepaid cards MasterCardthat can be powered kryptowalutami.
New BitPay product
Cards referred to as BitPay Cards, these are prepaid cards that will only hit the US market for now.
They can be fed with traditional currency, i.e. dollars, which users can then exchange for cryptocurrencies.
Top-ups can be made immediately and have a daily limit of $ 10000. There are no additional fees for transferring funds.
BitPay supports cryptocurrencies such as BTC, BHC, ETH, XRP, and the following stablecoins: GUSD, USD, PAX and BUSD.
functionality
In addition to the abovementioned, BitPay cards have other useful functions.
One of them is special EMV chip intended for contactless payments.
In addition, BitPay Cards users gain the ability to set a lock, monitor their expenses, access the virtual version, as well as the possibility cryptocurrency exchanges z portfolio BitPay for dollars. These, in turn, can be transferred to the card MasterCard, supported in most countries of the world.
You can also use it to withdraw cash from an ATM, but in this case you have to take into account additional fees - a commission of 2,50 USD and a 3% commission if there is a currency exchange. You can withdraw cash up to a maximum of USD 2000.
Other uses
Through Google Chrome BitPay Cards holders can make payments in selected currency on selected websites, using cryptocurrencies stored in their wallet. These are, for example, sites such as Amazon and Foot Locker.
It should not be forgotten that cryptocurrencies are not everywhere accepted as a means of payment. Therefore, in order to be able to spend them, it is sometimes necessary to exchange them for traditional money. Therefore, BitPay offers access to a system that ensures the implementation of this process and the possibility of using the funds deposited on the card.