BitPay just launched a prepaid Mastercard that lets US customers instantly convert their crypto into fiat without conversion fees. It’s the first Mastercard Prepaid card for crypto users in the US.
In a press release, the Atlanta-based Bitcoin payment service provider says the BitPay Card supports Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ripple (XRP) and stablecoins USD Coin (USDC), Gemini Dollar, Paxos Standard (PAX) and Binance USD (BUSD).
Cardholders can purchase crypto using the BitPay mobile app. Says BitPay CEO Stephen Pair,
“The BitPay Card offers new benefits and features for consumers making it easier to convert Bitcoin and other cryptocurrency into a spendable balance without currency risk.”
The card can be used for purchases anywhere Mastercard is accepted. Users can use it to withdraw cash from ATMs. The mobile app also allows users to reload their card, view transaction history and manage card settings.
BitPay’s main service is designed to offer companies and individuals an easy way to accept cryptocurrency payments online, as well as a way to store their crypto assets.