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After a tumultuous end to 2022, the crypto market is witnessing a resurgence of investor optimism. Chart readings indicate a notable increase in market activity, as total market capitalization climbs back above the $1 trillion mark after dipping below it in November. This marks a remarkable renaissance of confidence in the cryptocurrency space as 2023 progresses.
According to a recent press release, Bit2Me, a major Madrid-based cryptocurrency exchange, has taken a major step forward in the world of digital assets with the launch of the Bit2Me Card. As the first company to be recognized as a virtual currency service provider by the Bank of Spain, Bit2Me is set to revolutionize the way traditional investors view and use cryptocurrencies with its new debit card launch.
The Bit2Me card is a Mastercard debit card that offers 9 percent cash back on every purchase, making it one of the highest cash back rates available on the market. The card operates on the Mastercard network, which enables crypto payments at more than 90 million businesses worldwide, and is also accessible via mobile devices, including NFC-enabled smartphones and smartwatches.
The Bit2Me card is linked to eight cryptocurrencies, including B2M, BTC, ETH, ADA, XRP, SOL, DOT, and USDT, and allows easy switching between crypto wallets at any time. Proprietary software makes it possible for users to select the desired currency for each payment and pay directly from their accounts. Bit2Me plans to add more currencies in 2023, further expanding the options for customers to make international payments.
With instant online payments and ATM cash withdrawals, the Bit2Me Card works like traditional currencies, with no prior manual exchange required in the Bit2Me app. In addition, the card is equipped with a variety of security features, including the ability to lock and unlock the card, set usage limits, and NFC-related security support.
According to Leif Ferreira, CEO and co-founder of Bit2Me, the development of the Bit2Me Card was a challenging but ultimately rewarding process.
“Dozens of professionals have been involved in this project and after two years of work we have found the key to connect cryptocurrencies to the Mastercard payment network. To do this, we had to modify the transaction flow so that customers can use cryptocurrencies to pay instantly and in a transparent way for companies. Plus, we've been able to add up to 9% cash back on purchases."
COO and Co-Founder Andrei Manuel shares the same enthusiasm, stating:
“Our mission is to bring the use of cryptocurrencies to everyone. Bit2Me Card allows you to use your cryptocurrencies easily and quickly in your day to day. You can use cryptocurrencies, like Bitcoin, or stablecoins, like USDT, in physical stores or online."
With its instant payment technology and mobile capabilities, the Bit2Me Card represents a huge step forward in the world of cryptocurrencies. As digital assets continue to gain prominence in the fintech industry, the Bit2Me Debit Card is the perfect choice for traditional investors looking to maximize the real-world use of their cryptocurrencies.
Note: Investing in cryptocurrencies and crypto assets is subject to financial risk and readers should do their own due diligence. Entrepreneur Media does not endorse such investment.
