ATLANTA—Blockchain payments provider BitPay has launched a Mastercard prepaid card for crypto users in the United States.
The BitPay Card enables customers to convert their cryptocurrency into fiat, which can then be loaded onto the card and spent anywhere Mastercard debit is accepted, Cointelegraph reported.
Card holders can also withdraw U.S. dollars from ATMs and make online purchases.
“The real goal of the BitPay Card is to provide users with a convenient way to convert their crypto onto a prepaid card. BitPay is a payments company, therefore we are focused on giving people and companies an easy way to conduct commerce using crypto,” Cointelegraph stated.
Mastercard’s vice president of digital partnerships, Tim Montgomery, told Cointelegraph the company is particularly focused on providing consumers with flexibility and choice when it comes to finances.
“We’re enabling people to transact in the ways that work best for their individual needs,” Montgomery said. “We will continue to work with fintechs across the globe to accommodate and empower consumer choice, flexibility, and evolving preferences.”