ATLANTA--(BUSINESS WIRE)--BitPay, the largest global blockchain payments provider, today introduces the BitPay Card, the first Mastercard® Prepaid card for crypto users in the United States. The BitPay Card enables customers to instantly convert cryptocurrency into fiat currency, which is then loaded onto the card and can be spent anywhere Mastercard debit is accepted around the world. Customers can also use their cards online for purchases and to withdraw cash from ATMs.
“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,” said Stephen Pair, co-founder and CEO of BitPay. “We are excited to work with Mastercard to expand crypto’s use, while making it easy for businesses to attract new customers who want to spend Bitcoin and offer more places for customers with Bitcoin to shop.”
The BitPay Card offers a safe, smart, and fast way to convert crypto to fiat currency without conversion fees. The card features an EMV chip that provides added security and is contactless-enabled for payments. The BitPay Card requires the BitPay mobile app and can empower cardholders to reload their card, view transaction history and manage card settings on the go. The BitPay Card supports BTC, BCH, ETH, XRP and stable coins USDC, GUSD, PAX and BUSD. Funds are made available to cardholders in minutes, without having to wait on an exchange to transfer funds. The BitPay App not only tracks and manages card spend, but also allows you to purchase crypto and gift cards from popular brands. Applicants for the BitPay Card must be at least 18 years old and successfully complete identity and residency verification. To sign up, visit bitpay.com/card.
“At Mastercard, we’re committed to offering differentiated financial services to consumers on a global scale,” said Sherri Haymond, executive vice president, Digital Partnerships at Mastercard. “We’re excited to be working with BitPay to offer consumers greater choice and flexibility when it comes to managing their finances.”
Known as BitPay Card and provided through Mastercard, the offering enables U.S. Users to spend bitcoin or other cryptocurrencies in stores accepting Mastercard debit cards globally, according to a. Manage your crypto & bitcoin in one app with the secure, open source BitPay Wallet. Store and send funds, or buy gift cards from over 90 major brands. Only With the BitPay Wallet, you control your private keys and money and you're using code that's 100% open source for community testing and audits. Mastercard That's why the company's support of cryptocurrencies is such a big deal. That's why the company partnered with London-based fintech Wirex and U.S.-based payment processor BitPay to. About the BitPay Prepaid Mastercard. How is my BitPay Card different from a credit card? The BitPay Virtual Card; Does my BitPay Card balance stay in bitcoin or US dollars? How does my BitPay Mastercard protect my identity and money from theft? What consumer protections are available to me in the card program? What fees will I pay to use the. Download the BitPay App to securely send, receive and store cryptocurrency. Buy and exchange crypto all in one app. Buy gift cards for major brands from inside the BitPay app using Bitcoin and cryptocurrency. Personal Business The Merchant Directory 🎁.
“We’re honored that BitPay is using Galileo’s flexible APIs to power its BitPay Card, making it easy for customers to pay for purchases with bitcoins wherever Mastercard debit cards are accepted,” added Galileo Financial Technologies CEO Clay Wilkes.
About Metropolitan Commercial Bank
Metropolitan Commercial Bank®, The Entrepreneurial Bank, is headquartered in New York City and operates full-service banking centers in Manhattan; Boro Park, Brooklyn; and Great Neck, Long Island. The parent company, Metropolitan Bank Holding Corp., is a publicly traded company. The common stock of Metropolitan Bank Holding Corp. is listed on the New York Stock Exchange (NYSE) and trades under the ticker symbol “MCB.” Metropolitan Commercial Bank is a New York State chartered commercial bank, an FDIC member and an equal opportunity lender.
Metropolitan Commercial Bank is also an established leader in digital payments and one of the fastest growing U.S. issuers of virtually every type of debit card and keeping pace with rapid industry evolution and the trend towards mobile payment apps and all that FinTech has to offer.
For more information visit: www.MCBankNY.com.
About BitPay
Founded in 2011, BitPay is the pioneer and the most experienced company in Bitcoin and blockchain payments. Its suite of products enables businesses to send and receive cross border payments, also enabling consumers to manage digital assets with the BitPay Wallet and turn digital assets into dollars with the major network-branded reloadable cards. The company has offices in North America, Europe, and South America and has raised over $70 million from leading investors including Founders Fund, Index Ventures and Aquiline Technology Growth. For more information visit https://bitpay.com
This card is issued by Metropolitan Commercial Bank (Member FDIC) pursuant to a license from Mastercard International Incorporated. “Metropolitan Commercial Bank” and “Metropolitan” are registered trademarks of Metropolitan Commercial Bank ©2014. Use of the Card is subject to the terms and conditions of the applicable Cardholder Agreement and fee schedule, if any.
ATLANTA--(BUSINESS WIRE)--BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services, today announced that US cardholders of the BitPay Prepaid Mastercard can add their card to Apple WalletTM and spend with Apple Pay®. With Apple Pay, BitPay cardholders can make secure purchases in stores, in apps, and online. In addition, customers waiting on delivery of their plastic card can add their virtual card to Apple Wallet via the BitPay Wallet app and can start spending immediately. Support for Google Pay and Samsung Pay is planned for later this quarter.
“We have thousands of BitPay Wallet app customers using the BitPay Card who are always looking for new places and ways to spend their crypto,” said BitPay CEO Stephen Pair. “Adding Apple Pay and soon Google and Samsung Pay makes it easy and convenient to use the BitPay Card in more places from day-to-day items to luxury purchases.”
BitPay continues to innovate its global blockchain solutions to make paying with Bitcoin and other cryptocurrencies faster, easier and safer than ever before. The BitPay Wallet app is designed to enable customers to manage and spend Bitcoin, and also turn it into dollars and spend with the BitPay Card.
For power blockchain users, the BitPay Wallet app supports an array of options to buy and store crypto and make online payments. Users can instantly buy gift cards from hundreds of top retailers in store and online. The BitPay Card enables customers to instantly convert cryptocurrency into fiat currency, which is then loaded onto the card and can be spent anywhere Mastercard debit is accepted around the world. Customers can also use the cards online for purchases and to withdraw cash from ATMs.
Mastercard Bitcoin Uk
The BitPay Wallet app supports Bitcoin, Bitcoin Cash, and Ether, as well as four dollar-pegged stablecoins, USDC, GUSD, PAX and BUSD.
To add a card to Apple Wallet, cardholders need to have the most recent version of the BitPay app, 12.1.0 which is available in the App Store. To order the BitPay Prepaid Mastercard, visit https://bitpay.com/card/
About BitPay
Founded in 2011, BitPay pioneered blockchain payment processing with the mission of transforming how businesses and people send, receive, and store money. Its business solutions eliminate fraud chargebacks, reduce the cost of payment processing, and enable borderless payments in cryptocurrency, among other services. BitPay offers consumers a complete digital asset management solution that includes the BitPay Wallet and BitPay Prepaid Card, enabling them to turn digital assets into dollars for spending at tens of thousands of businesses. The company has offices in North America, Europe, and South America and has raised more than $70 million in funding from leading investment firms including Founders Fund, Index Ventures, Virgin Group, and Aquiline Technology Growth. For more information visit bitpay.com.
BY USING THIS CARD YOU AGREE WITH THE TERMS AND CONDITIONS OF THE CARDHOLDER AGREEMENT AND FEE SCHEDULE, IF ANY. This card is issued by Metropolitan Commercial Bank (Member FDIC) pursuant to a license from Mastercard International. “Metropolitan Commercial Bank” and “Metropolitan” are registered trademarks of Metropolitan Commercial Bank ©2014.
Bitpay Virtual Card
Mastercard is a registered trademark and the circles design is a trademark of Mastercard International Incorporated.
Mastercard Bitcoin Debit Card
Apple Wallet and Apple Pay are trademarks of Apple Inc., registered in the U.S. and other countries.