Coinjar will be facilitating crypto transactions through digital and physical cards supporting approximately 30 cryptocurrencies available for processing versatile payments.
In a new significant move, Australian crypto exchange Coinjar has partnered with MasterCard to avail digital smart crypto cards for users to boost crypto-based payments and transactions in the region.
Coinjar crypto cards will enable Australians to purchase and trade payments in crypto within their set transaction infrastructure and can be used at any place or outlet where the standard MasterCard payments are accepted.
Coinjar Partners with Mastercard to Deliver Crypto Cards to Australian Market
In a blog post published by the Australian crypto exchange Coinjar, the company had announced that they have partnered with the global payment giant MasterCard to allow users to make and receive payments in cryptocurrencies. The pact at present will support systematic crypto payments through Coinjar crypto cards facilitating trade in 30 cryptocurrencies including BTC, Ether, and XRP.
The Coinjar crypto card will be made available in both physical and digital form to Australian users to make payments using cryptocurrency. The process includes a preferred cryptocurrency choice to be made by the users to initiate a transaction, once the preferred currency has been selected, the card will then convert the crypto selected into Australian dollars to stimulate payments. The company further affirmed that there will be no additional charges levied, except a nominal conversion fee of 1% which will be later returned to the consumers via an in-house program rewards structure.
MasterCard had recently expressed its plans to facilitate systematic crypto transactions as a part of its global payment trajectory. The company was in pursuit to avail crypto payments straight from their MasterCard to the users across the platform and has now found a suitable partner in their course to deliver the intended result.
Users can access their crypto cards via the company’s in-house app that will allocate the cards to Australian users. The company had also updated its terms and policies section to accommodate Coinjar and the new complaints process panel to encourage payments in prominent cryptocurrencies.
The card will be made available to the users via Apple Pay and Google Pay integration.
Juhi Mirza is an archaeology major who is obsessive about blockchain/Crypto technology and deems it to be the foundational philosophy of the future. Her dogged ability to research and crystallise technical facts/multiple perspectives into rivetting stories makes her an accessible finance writer. She tends to her archaeological pursuits and loves unearthing the past over the weekends.