Spain’s cryptocurrency exchange Bit2Me has introduced its crypto debit card to the extensive Mastercard network, offering users up to 9% cash back on all purchases. The Bit2Me debit card supports in-store and online payments via NFC-enabled mobile devices such as smartphones and smartwatches. The card currently supports eight popular cryptocurrencies, with plans to add more through 2023.
Bit2Me’s app (available on Android and iOS) will allow users to switch between various crypto wallets, making it easy for users to pay in multiple currencies. Bit2Me CEO and co-founder Leif Ferreira points out that connecting cryptocurrencies to the Mastercard network was not an easy task, requiring two years of work and modifications to the international card payment protocol.
“Dozens of professionals have been involved in this project. After two years of work, we have found the key to connect cryptocurrencies to the Mastercard payment network. To do this, we had to modify the transaction flow (which is part of the international card payment protocol) so that customers can use cryptocurrencies to pay instantly and in a transparent way for companies. Plus, we’ve managed to add up to 9% cash back on purchases.”
The Bit2Me Debit Card offers the convenience and stability of traditional finance with the added benefits of cryptocurrency. The card allows for ATM cash withdrawals and instant online payments without the need for manual in-app exchange of funds. Users also have control over the card’s security features, including the ability to lock and unlock the card, set usage limits, and take advantage of NFC compatibility on major devices.
Bit2Me COO and co-founder Andrei Manuel says his mission is to make cryptocurrency more accessible to everyone.
“Our mission is to bring the use of cryptocurrencies to everyone. Bit2Me Card allows you to use your cryptocurrencies easily and quickly in your day to day. You can use cryptocurrencies, like Bitcoin, or stablecoins, like USDT, in physical stores or online.
The Bit2Me card offers a secure and seamless experience for cardholders, much like a traditional fiat debit card, and allows users to easily and quickly use their cryptocurrencies in their daily lives.
With its streamlined payments, NFC support, and strong security features, the Bit2Me card is a significant step forward for the everyday cryptocurrency user. With up to 9% cash back on all purchases Bit2Me Card is leading the way for regular cryptocurrency users and traditional finance people in 2023 and beyond.
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