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Bitpay Reveals Crypto-to-Fiat Prepaid Mastercard, Firm's Flagship Visa Card Ends in December


Bitpay Reveals Crypto-to-Fiat Prepaid Mastercard, Firm's Flagship Visa Card Ends in December

On June 11, 2020, the cryptocurrency payment services provider, Bitpay announced the firm is launching a prepaid Mastercard that can be loaded with a variety of digital assets. The Atlanta-based company says the card can be spent anywhere Mastercard is accepted and users can “instantly convert cryptocurrency into fiat currency.” For quite some time now, the Atlanta-based Bitpay has offered a prepaid Visa card that allows users to load cryptocurrencies in exchange for USD. On Thursday, Bitpay revealed the company has partnered with Mastercard (MC) and the new product is the “first [MC] prepaid card in the U.S. market for the blockchain community.” Unfortunately, the company’s Visa prepaid Bitpay card services will end on December 31, 2020. “This program termination means that all Bitpay prepaid Visa cards will expire and stop working on December 31, 2020, regardless of the expiration date printed on your card,” the firm explains. Read More...