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Bit2Me, a Spanish alternative and primary firm, has just launched their long-awaited debit card. With this card, users are able to make cryptocurrency payments at more than 90 million businesses worldwide, with up to 9% cashback on all transactions.
The Bit2Me card is connected to the Mastercard network and is compatible with NFC-enabled mobile devices such as smartwatches and smartphones. The card is currently linked to 8 of the most popular cryptocurrencies, such as B2M, BTC, and USDT. Plus, the Bit2Me app allows users to switch between multiple wallets.
The card also offers additional features, such as the ability to withdraw cash from ATMs and instantly transfer funds without the need to manually exchange. Moreover, users have security-related options, like being able to lock and unlock their cards or limit usage.
Bit2Me CEO and co-founder Leif Ferreira explains: “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 (which is part of the international card payment protocol) so that customers can use cryptocurrencies to pay instantly and in a transparent way for companies. Plus, we’ve managed to add up to 9% cash back on purchases.”
Bit2Me’s mission is to make cryptocurrencies available to everyone, so the card is designed to provide users with a simple experience, just like a regular fiat card. The card is a huge leap forward for crypto users as it allows them to enjoy the flexibility of cryptocurrencies with the safety and convenience of traditional finance.
