Prepaid Mastercard Launched by Bitpay For US based Cryptocurrency Users

Priyanka Kulkarni
Priyanka Kulkarni, post-graduated in Business Administration holds worthy experience in market research and investment banking. She is passionate to flaunt her perception towards cryptocurrencies.
  • On June 11, 2020, Bitpay, a cryptocurrency payment firm announced the launch of a prepaid Mastercard, BitPay Card for the cryptocurrency investors across the US.
  • As per the provider, the BitPay Card will help the users to convert cryptocurrency into fiat currency instantly.
  • Besides this, BitPay claimed that funds will be available to the cardholders within minutes.

On June 11, 2020, Bitpay, a cryptocurrency payment firm announced the launch of a prepaid MasterCard, BitPay Card for the cryptocurrency investors across the US.  However, the exclusive card loaded with a variety of digital assets. It is the first Mastercard Prepaid card for crypto users in the United States.

BitPay Card with Exclusive Features

As per the provider, the BitPay Card will help the users to convert cryptocurrency into fiat currency instantly.  Which further shifted onto the card and can be spent where Mastercard debit is accepted.

Moreover, the firm’s flagship Visa prepaid card services will expire on December 31, 2020. Bitpay stated that the Bitpay visa card will stop working on December 31, 2020. Irrespective of the date printed over the card.

The co-founder of BitPay, Stephen Pair notified that BitPay Card has come up with exclusive features and benefits for the users. It will be easier to convert Bitcoin as well as other cryptocurrencies into a good balance without any risk.

 A safe and fast way to convert cryptocurrency to fiat

BitPay claimed that funds will be available to the cardholders within minutes despite waiting for an exchange to transfer funds. Users can buy crypto and gift cards from popular brands through BitPay App.

Apart from this, an American prepaid card offered by the firm that will wield the logo of the American multinational Financial Services Corporation. Meaning, it can be used anywhere across the globe where MasterCards are accepted.

Further, users can load BTC, ETH, XRP and other popular stable coins such as USDC, PAX, GUSD, and many more. In the same way, ButPay users can utilize their MasterCard to withdraw cash from ATM and to make online purchases.

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