Mastercard’s Debit Card Gets an Upgrade: Introducing Cryptocurrency Cashback
Bit2Me, a leading cryptocurrency exchange based in Spain, has partnered with Mastercard to launch a debit card that offers crypto cashback. The announcement was made on Wednesday, marking a major step towards the mainstream adoption of cryptocurrencies.
TheBit2Me card will enable users to spend their cryptocurrencies at more than 40 million merchants worldwide that accept Mastercard, as well as withdraw cash from ATMs. In addition, the card offers up to 1% cashback in Bitcoin on all purchases made with the it an attractive option for those looking to earn rewards for their everyday spending.
The Bit2Me card is linked to the user’s Bit2Me account, which means that they can easily manage their crypto assets and spend them on the go. The card supports a range of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, among others. Users can also convert their crypto holdings into fiat currency at the point of sale, giving them the flexibility to use their funds in any way they choose.
The partnership between Bit2Me and Mastercard is an important development for the cryptocurrency industry. It represents a significant step towards the mainstream adoption of cryptocurrencies, as it allows users to easily spend their digital assets in the same way they would use a traditional debit card. The addition of cashback rewards further incentivizes the use of cryptocurrencies for everyday spending, making them more attractive to consumers.
In a statement, Bit2Me CEO Leif Ferreira said,
“We believe that the Bit2Me card will be a game-changer for the crypto industry. By partnering with Mastercard, we are making it easier than ever for people to spend their cryptocurrencies, while also earning rewards for their everyday spending. We are excited to be at the forefront of this revolution and look forward to seeing the impact our card will have on the industry.”
The Bit2Me card is currently available to users in Spain, with plans to expand to other countries in the near future. With the support of Mastercard, Bit2Me is well-positioned to become a major player in the growing market for crypto debit cards, providing a bridge between the traditional financial system and the world of cryptocurrencies.