CoinJar new collaboration with Mastercard will allow the Australian market to spend cryptocurrencies like cash, online and in-store.
Mastercard has been gaining attention frequently as it expands its attempts to provide crypto services throughout the world. According to CoinJar’s blog post, the newly released CoinJar Card will allow customers to make crypto purchases anywhere Mastercard is accepted.
Users will be able to use the CoinJar Card via digital and physical cards, as well as Apple Pay and Google Pay compatibility. The card, according to the official release, supports 30 cryptocurrencies. CoinJar CEO Asher Tan stated,
There will be no ongoing fees and a low 1% conversion rate — returned to customers via an in-house rewards program
Related: MicroStrategy CEO Michael Saylor says Bitcoin is going to be the core to tech innovation
Recently, Mastercard CEO Michael Miebach highlighted recent developments in Crypto and CBDC during an earnings call on July 29, arguing that the firm is well-positioned to remain a cornerstone of intra and international value flows.
Mastercard has announced a collaboration with a group of cryptocurrency companies to assist ease bitcoin-to-fiat transfers. Along with Mastercard, Visa has also increased its efforts in Australia to provide crypto-focused services, including a Bitcoin debit card that allows transactions for key altcoins.
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