2022-6-8 07:42 |
The card and app allow users to spend Bitcoin at more than 10 million merchants nationwide without compromising their personal data or identity.
Major self-custody exchange Edge announced its new Edge Mastercard at Consensus 2022 in Austin, Texas today. It can be topped up with digital assets and runs on the Mastercard® merchant network. It will be accepted everywhere Mastercard is.
Fund the card with Bitcoin, Litecoin, Dash, etcHolders can fund the Edge Mastercard with Bitcoin (BTC/USD), Dogecoin (DOGE/USD), Bitcoin Cash (BCH/USD), Dash (DASH/USD), and Litecoin (LTC/USD) right from the Edge app, allowing users to start spending immediately. They ask for no personal details.
A first in card paymentsPresently, users have no way of spending Bitcoin without selling assets off-ramp first, waiting for the amount to be credited, or through Binance or another centralized crypto exchange. All of these methods come with high costs and KYC procedures.
Edge app users are not charged any fees. The limit is quite high – $1,000 per day or the equivalent.
Paul Puey, co-founder of Edge said:
The Edge Mastercard is a true breakthrough for using crypto for day-to-day payments. Bitcoin, BitcoinCash, Dash, Doge and Litecoin users will finally be able to spend their currencies at Mastercard®-accepting merchants in the US!
Edge uses the official exchange rates used by Coinmarketcap and charges no margin on them. There’s no need to prefund the card because you can transfer digital assets from the app and spend them instantly.
How it worksJust open the app whenever you want to buy something and fund it with the purchase amount. You can pay at once. There is no need to deal with delayed bank transfers or wait for on-chain confirmations.
The Edge Mastercard is powered by Ionia, a next-gen savings and fintech platform. It connects with Samsung Pay, Apple Pay, and Google Pay wallets. You can also use it for e-commerce or online payments by copy-pasting the card details into respective site.
No address is linked to the card, so you can enter any details for shipping or billing as long as it matches.
The post Edge launches flagship cryptocurrency Mastercard at Consensus 2022 appeared first on Invezz.
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