The Australian-based BTC exchange to launch a crypto MasterCard
Industry News
The distance between traditional finances and the crypto world is melting down rapidly. The largest Australian-based crypto exchange, CoinJar, has launched crypto payment cards. The new revolutionary product is supported by MasterCard.
Crypto holders may use CoinJar cards in all the companies that maintain such technology. Furthermore, the card enables holders to cash their funds off in ATMs. Digital currencies are automatically converted into Australian dollars.
On top of the physical view, there is a virtual alternative to this payment card. Users may download the application for their Android and iOS devices.
As of today, CoinJar allows holders to keep up to 30 digital assets, while the processing fee for all the transactions is just 1%. What’s even more beneficial, commissions are returned to holders as bonuses to spend them for CoinJar purchases and services. The initiative becomes exceptionally useful for every user.
The payment giants, VISA and MasterCard understand that digital currencies are the next step in the economic revolution process. On March 16, 2018, the VISA financial director Vasant Prabhu called cryptocurrencies bubbles without a future. Much has changed since then – crypto skeptics joined the progressive side.
As of today, Bitcoin market capitalization is larger than VISA and MasterCard caps.
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