BitPay adds Apple Pay support for its prepaid Mastercard, which allows users to instantly convert their cryptocurrencies into fiat to pay for goods and services(Corinne Reichert/CNET)
BitPay has announced a new prepaid card to let customers convert cryptocurrencies into fiat. Users can load their digital currency onto a debit card issued by BitPay and spend it anywhere MasterCard is accepted. The announcement comes as major cryptocurrencies move from the speculative realm to the mainstream, and many retailers are now accepting payments with Bitcoin, litecoin, and Ether. The company says that the MasterCard prepaid card, which will be available soon, will be backed by Bitcoin, litecoin, and Ether, making it one of the first of its kind in the United States.
What is BitPay Prepaid Mastercard?
BitPay’s prepaid Mastercard was designed to appeal to the everyday user and make it easy for them to spend cryptocurrency without learning new concepts or tools. It offers a simple prepaid card experience to Bitcoin and Altcoin users. It’s as easy to use as a traditional debit card, but it provides consumers and merchants with an easy way to spend crypto. BitPay’s prepaid Mastercard, which went live in October 2017, can be used for online shopping, in ATMs, and for other normal credit card transactions. The prepaid Mastercard has no fees for cryptocurrency purchases or monthly fees for using the prepaid card.
How BitPay Adds Apple Pay Support for Its Prepaid Mastercard?
BitPay is adding Apple Pay support for its prepaid Mastercard card. The feature will be available to all Apple Pay users starting next week with a BitPay Prepaid Mastercard. With this update, BitPay’s Mastercard allows real-time payments for online purchases, mobile phone top-ups, and Apple Pay. BitPay will also allow purchases made through Apple Pay with a mobile phone using the BitPay Prepaid Mastercard. On September 13th, the company announced the addition of Apple Pay support for its Prepaid Mastercard, which allows customers to load up on Bitcoins via the debit card. “Apple Pay makes spending money more convenient than ever,” said BitPay co-founder & CEO Tony Gallippi. “Adding Apple Pay support means that our Prepaid Mastercard is the easiest way to load Bitcoin onto your phone or computer and spend that money anywhere in the world.”
What are the benefits of BitPay Adding Apple Pay support for its prepaid Mastercard?
Bitpay is excited to announce that its customers now have access to Apple Pay, allowing them to spend using contactless technology for mobile payments on compatible iOS devices. This new integration with Apple Pay enables BitPay’s customers to pay in full or with a prepaid MasterCard, Visa or American Express card using their fingerprint biometrics without sharing credit card information. The Mastercard provides an easy way for Apple Pay users to pay with Bitcoin through BitPay’s mobile app. By adding the Mastercard to its list of prepaid cards, BitPay has now enabled people to use Bitcoin to buy anything without fees.
Conclusion
In conclusion, BitPay’s partnership with Apple Pay allows customers to use cryptocurrency to pay for purchases from participating merchants on the App Store. The BitPay Prepaid Mastercard is a new card available to all US residents at least 18 years old. The card has a $10 sign-up bonus, no foreign transaction fees, and a 0% APR balance transfer fee.BitPay added support for Apple Pay for all prepaid MasterCard holders, starting today. Anyone with an active prepaid MasterCard can now use the Apple Pay mobile wallet to purchase Bitcoin and other cryptocurrencies with a credit card swipe.
FAQs
1. What is BitPay?
BitPay is a leading global provider of digital currency payment processing services.
2. What is the difference between BitPay and other cryptocurrency payment processors?
BitPay is different from other cryptocurrency payment processors because we are the only company offering prepaid and merchant accounts for cryptocurrency payments.
3. How do I use BitPay to buy Bitcoin?
You can buy Bitcoin through BitPay using your credit card, debit card, or bank account.
4. What is the BitPay Prepaid Mastercard?
The BitPay Prepaid Mastercard is a prepaid debit card that allows users to instantly convert their cryptocurrencies into fiat to pay for goods and services.
