BitPay Launches Prepaid Crypto Mastercard for US Customers
www.coindesk.com
Blockchain payments provider Bitpay has launched a prepaid debit card enabling U.S. customers to spend their crypto holdings as fiat currency. Known as BitPay Card and provided through Mastercard, the offering enables U.S. users to spend bitcoin or other cryptocurrencies in stores accepting Mastercard debit cards globally, according to a June 11 announcement.
BitPay says it will not take any fee for crypto to fiat conversions, though it doesn’t state how much any card transaction fees might be. BitPay Card can also function as a virtual card linked to the BitPay app with support for bitcoin, bitcoin cash, ether, XRP and stablecoins such as GUSD, USDC, PAX and BUSD.
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