The largest crypto exchange in Spain, Bit2Me, which is also the first firm to receive Bank of Spain recognition as a virtual service provider, launched a long-awaited Bit2Me debit card.The Bit2Me debit card operates over the whole Mastercard network and offers up to 9% cash back on all purchases. Mobile devices, such as smartwatches and smartphones with NFC features, can also access it.
The Bit2Me Card connects to eight different cryptocurrencies, including B2M, BTC, ETH, ADA, XRP, SOL, DOT, and USDT. This also makes it simple to switch between wallets at any time. Users can pay straight from their accounts and choose the desired currency for each transaction. Bit2Me plans to add more currencies in 2023, with the hope of giving its consumers more options when sending money across borders.
The Bit2Me card works just like traditional cards, allowing for immediate online payments and cash withdrawals from ATMs without the need for a manual exchange beforehand via the Bit2Me app. The card also has a number of security features, including the capacity to lock and unlock the card, establish usage restrictions, and NFC-related safety support.
Speaking on this milestone, Leif Ferreira, the CEO, and co-founder of Bit2me revealed that the creation of the Bit2Me Card was a difficult but ultimately gratifying process. He added: “dozens of professionals have been involved in this project, and after two years of work, we have found the key to connect cryptocurrencies to the Mastercard payment network. To do this, we had to modify the transaction flow so that customers can use cryptocurrencies to pay instantly and transparently for businesses. Moreover, we have managed to add up to 9% cash back on purchases.”
Andrei Manuel, mirroring the CEO’s excitement about the novel project, said that the company’s goal is to increase accessibility to cryptocurrency use for all. With the Bit2Me Card, users can quickly and conveniently use their cryptocurrency in their everyday life.. Commenting on its usage at physical online stores, he explains that users can pay with cryptocurrencies like Bitcoin or stablecoins like USDT.
As digital assets become increasingly important in the fintech sector, Bit2Me’s debit card represents a significant advancement in the cryptocurrency industry, thanks to its mobile capabilities and instant payment technology. It is an ideal choice for traditional investors who want to make the most of their cryptocurrencies in the real world.
Users can currently access Bit2Me in 69 different nations. However, only the virtual form of the card is available to users in the European Economic Area (EEA).
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