Bit2Me, the largest Spanish cryptocurrency exchange, has partnered with Mastercard to launch a new cashback debit card.
Web2 and Web3 Merger Continues with Mainstream Adoption of Crypto-Backed Debit Cards
The card, which is based on technology already in place in the existing Bit2Me crypto card, offers users up to 9% crypto cashback on all purchases made online or in-store.
The new debit card is part of a wider trend of the merging of Web2 and Web3 tools, with the goal of greater adoption of this “revolutionary” technology. Leif Ferreira, the CEO and co-founder of Bit2Me, said the use of familiar Web2 financial tools like debit and credit cards makes it easier for users to access the limitless world of Web3 financial services.
Introducing PST: The Virtual USA Card Service for Hassle-Free Online Payments
- Our team uses another service for issuing a virtual US card to make online payments.
- For example, for US hosting or subscription payments.
Card Supports 8 Cryptocurrencies, with Plans to Add More Throughout the Year
The card and wallet support eight cryptocurrencies, including Bitcoin, Ethereum, Cardano, Ripple, Solana, Polkadot, and Tether. Bit2Me plans to add additional currencies throughout the year and is currently available in 69 countries worldwide, with users in the European Economic Area (EEA) only eligible to apply for the virtual version of the card.
Mastercard Continues to Expand Services and Opportunities in the Web3 Space
Mastercard has also been actively expanding its services and opportunities in the Web3 space, having chosen at least seven blockchain and crypto startups to be a part of its fintech accelerator program in the last year. The company also recently partnered with Polygon to launch a Web3 musician accelerator program, as well as with Binance to launch their second prepaid crypto card in Latin America.
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Conclusion:
In conclusion, the Bit2Me and Mastercard debit card is a game-changer in the world of finance, offering users the chance to earn crypto cashback on all purchases.