BitPay has released new prepaid cards that can be financed with cryptocurrencies.
These are the calls BitPay cards, that is, MasterCard prepaid debit cards for the US market, which can be filled with dollars by converting cryptocurrencies.
Refills are instantaneous, with no conversion fees and a daily limit of $ 10,000.
These cards also have other features, such as the EMV chip for contactless payments, the possibility of blocking, the ability to control expenses and the virtual version.
The wallet BitPay Where the cryptocurrencies are stored it has no custody and allows you to convert them into dollars directly in the application.
Once converted, they can be moved to the prepaid MasterCard for use almost anywhere in the world.
It is also possible to use the card to withdraw cash from ATMs, with a commission of $ 2.50 and a maximum limit of $ 2,000 per withdrawal, plus a commission of 3% on any exchange of foreign currency.
BitPay also offers an extension for Google Chrome It allows to make payments in fiat currency on some websites, such as Amazon or Foot Locker, using the cryptocurrencies stored in the wallet.
BitPay supports BTC, BCH, ETH, XRP and stablecoins like GUSD, USDC, PAX and BUSD.
Since cryptocurrencies are still not very often accepted as a means of payment worldwide, a it is often necessary to convert them into fiat currency before spending them freely anywhere.
This means having to use a system that allows the instant sale of the same in exchange for fiat currency, the collection of the fiduciary currency and the deposit of the same in traditional tools used for payments, such as prepaid cards.
Being able to perform these steps with a single application is a big advantage.