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Edge launches Edge Mastercard for cryptocurrency payments
June 09, 2022
Edge Mastercard aims to use crypto for day-to-day payments, without compromising any personal information and usual fees or delays to top up users’ cards. “Bitcoin, BitcoinCash, Dash, Doge and Litecoin users will be able to spend their currencies at Mastercard accepting merchants in the US,” Paul Puey, co-founder, Edge, said.
According to an official statement, Edge users sell their bitcoin to the card when adding funds in applications, while merchants receive funds in United States Dollar (USD). Users can register their cards inside the Edge application to start spending, without having to add personal information or pay any fees.
Edge claims that the card is supported by fintech and savings platform Ionia, and connects with mobile pay services such as Apple Pay, Samsung Pay, and Google Pay. The exchange also claims that it uses spot exchange rates provided by platforms such as CoinMarketCap, a price-tracking website for digital assets, with no margin taken on exchange rates.
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