Hassan Maishera
Australian cryptocurrency exchange CoinJar has partnered with Mastercard to issue its card, enabling its customers to spend cryptocurrencies at any outlet Mastercard is accepted.
CoinJar launches its crypto card
Mastercard has been expanding its presence in the cryptocurrency space, making it easier for people to spend cryptocurrencies using their debit cards. This time, the payments giant has partnered with Australian cryptocurrency exchange CoinJar to launch a debit card that would allow its customers to spend their cryptos.
CoinJar announced this latest development in a blog post earlier today. The crypto exchange stated that “CoinJar Card allows you to use the cryptocurrency in your CoinJar to make purchases, wherever Mastercard is accepted. All you need to do is choose which crypto you want to spend, and it’ll be automatically converted to Australian dollars when you make a transaction - no need to preload.”
The exchange stated that the CoinJar Card would be available for its users via digital and physical cards and Apple Pay and Google Pay integration. CoinJar added that the card supports 30 cryptocurrencies, including the popular ones such as Bitcoin (BTC), Ethereum (ETH) and XRP.
The card comes with certain benefits for users, CoinJar added. “Even better, CoinJar Card is free to activate, has no monthly fees and a low 1% transaction fee – returned to you as CoinJar Rewards every time you spend,” CoinJar said.
Users can gain easy access to the CoinJar Card from the exchange’s mobile app. “Simply open your CoinJar app (make sure you’re using the latest version), tap the Card icon at the bottom, and your CoinJar Card should be ready to go in seconds,” CoinJar explained.
This latest development comes a few weeks after Mastercard revealed that it would boost its presence in the cryptocurrency space by making it easier for people to spend their cryptos. Mastercard is partnering with cryptocurrency exchanges to launch crypto-supported debit cards.
