- BitPay unveils BitPay card, a crypto-enabled Mastercard.
- BitPay card is available to residents in the United States.
Blockchain payments firm BitPay has unveiled a crypto-enabled prepaid Mastercard dubbed BitPay card. According to the press release, BitPay card users can now convert their crypto into a fiat balance in just a few minutes. The fiat is loaded onto the prepaid Mastercard, which can be used to shop or even withdraw cash from an ATM.
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 riskStephen Pair Co-founder & CEO @ BitPay
The BitPay card comes with a mobile app which allows users to manage their BitPay card. The card supports Bitcoin, Bitcoin Cash, Etheruem, Ripple, and several stablecoins. According to the cardholder agreement, users can hold a maximum balance of $25,000 on the card with a daily $6,000 withdrawal limit.
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