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.
Recommended reading: 5 Tips for Beginner Bitcoin Traders
(Image credit: logll.com)
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.
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Frequently Asked Questions
FAQ:
1. What is the Bit2Me and Mastercard debit card with crypto cashback?
The Bit2Me and Mastercard debit card with crypto cashback is a new financial tool that combines the power of Web2 and Web3 technology. The card, which is based on the existing Bit2Me crypto card, offers users up to 9% crypto cashback on all purchases made online or in-store.
This card is aimed at making it easier for users to access the limitless world of Web3 financial services and is part of a wider trend of the merging of Web2 and Web3 tools.
2. How does the Bit2Me and Mastercard debit card work?
The Bit2Me and Mastercard debit card works via the Mastercard network that hosts millions of businesses worldwide. The card supports eight cryptocurrencies, including Bitcoin, Ethereum, Cardano, Ripple, Solana, Polkadot, and Tether.
Users can make purchases online or in-store using the card and receive up to 9% crypto cashback on their purchases. Bit2Me plans to add additional currencies to the card throughout the year.
3. Who is eligible to apply for the Bit2Me and Mastercard debit card?
Bit2Me and Mastercard's debit card is currently available in 69 countries worldwide. However, users in the European Economic Area (EEA) are only eligible to apply for the virtual version of the card. The company has had service expansion on its radar for some time, and plans to expand its services globally in the future.
4. What is Mastercard's involvement in the Bit2Me and Mastercard debit card?
Mastercard is the network that hosts the Bit2Me and Mastercard debit card. The company has 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. Mastercard has 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.
5. What is the goal of the Bit2Me and Mastercard debit card with crypto cashback?
The goal of the Bit2Me and Mastercard debit card with crypto cashback is to make it easier for users to access the limitless world of Web3 financial services. By offering up to 9% crypto cashback on purchases made with the card, Bit2Me and Mastercard hope to encourage greater adoption of this "revolutionary" technology.
The use of familiar Web2 financial tools like debit and credit cards makes it easier for users to embrace the benefits of Web3 technology and explore the possibilities of this new frontier.
