SYDNEY, Australia—In an effort to take cryptocurrency more mainstream, EML Payments and CoinJar, Australia’s longest-running cryptocurrency exchange, have introduced the CoinJar Card.
According to the organizations, collaboration will make it simple for cardholders to pay using cryptocurrency via a digital or physical card wherever Mastercard is accepted.
The launch builds on the success of CoinJar Swipe, a crypto debit card in the market with EML for six years, the companies stated.
Free to activate and with Apple Pay and Google Pay integrations, CoinJar Card allows users to spend 30 different digital currencies with no ongoing fees and a flat 1% conversion rate returned to users as an in-house rewards program, IBS Intelligence reported.
”CoinJar Card is the next step in our mission to make crypto both accessible and useful, to everyone, every day,” said Asher Tan, CEO at CoinJar.
With more than 500,000 customers in Australia and the U.K., CoinJar has already helped users conduct billions of dollars’ worth of transactions in Bitcoin, Ethereum and other cryptocurrencies, IBS Intelligence added.