Security is also a key feature of the Mastercard branded BitPay card, as it includes EMV chip and supports safe contactless payments – a must for keeping healthy these days. For users that require human assistance, English speaking agents are available with a simple phone call or email. The card is supported by a new app that can be used to lock cards, monitor transactions and load. And it comes with a virtual card that can be used immediately after enrollment. The new BitPay card allows users to spend money anywhere Mastercard is accepted, both online and in stores. The Mastercard branded BitPay card also has no conversion or load fees, so users are only left with network and miner fees that can be very low if they choose an option such as BCH or XRP. Users can load up to $10,000 per day, spend up to $10,000 per day and withdraw up to $6,000 a day in total at ATMs. This is in sharp contrast to other crypto cards that only operate on a spend as you go model, converting the stored crypto to dollars each time a payment is made and leaving its value to fluctuate in the meantime.Īnother major advantage of BitPay is that the card has very high limits compared to other crypto cards. The Mastercard branded BitPay card offers instant conversion which means that users don’t need to worry about volatility of the crypto assets they load up with – any amount they load is immediately converted to dollars and there are no multiple conversions for each transaction they make. A Card Designed for Those Who Live Life on Crypto But not all cards are created equal, and the Mastercard branded BitPay card has several advantages that make it far superior to all other options available in the market today. This happens as users are switching over to a variety of top digital assets such as BCH, ETH, XRP and the stablecoin USDC, in order to load their cards.Ĭrypto cards make it easy to pay for daily purchases, safe for first-timers to use crypto, and expand the adoption of digital assets. The BitPay statistics reveal that while bitcoin remains the most used crypto, it is steadily losing ground in terms of load dominance. The great popularity of BitPay services for making and accepting crypto payments enables us to learn about the widespread usage of top assets in the whole market. The figures also show a stable month over month growth trend in processed transactions since March. consumers for the company that announced its first Mastercard branded card just a few months ago.Īccording to the statistics, the total number of crypto transactions processed through BitPay across all supported coin types reached a new high in July 2020 of almost 110,000 processed transactions. Among other interesting points, the data signals strong support from U.S.
Not All Crypto Cards Are Created EqualīitPay, the Atlanta-based cryptocurrency services provider, has recently released blockchain payment statistics that show how the market performed in 2020. The data also shows how crypto cards usage is changing, with more users choosing to load with a selection of top digital assets.
The popular cryptocurrency payment services provider debuted the new card in June 2020 and the company’s transactions reached a new high in July. New data from BitPay shows that American consumers are flocking to load the first Mastercard branded BitPay card with top digital assets.
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