Bit2Me launches Mastercard debit card, enabling payments using cryptocurrencies and eurosNovember 15, 2021 | By Ana Díaz Sacristan
Cardholders will be able to make payments with any of the 68 cryptocurrencies Bit2Me offers on its platform, in addition to euros.
The card will allow purchases to be made in any establishment in the world accepting Mastercard payments.
Madrid, November 15th, 2021- Spanish cryptocurrency company Bit2Me announced the launch of the Bit2Me Card, a Mastercard debit card that will allow payments to be made in both cryptocurrencies and euros in all global establishments that accept Mastercard. Bit2Me will convert cryptocurrencies into fiat money, which can be spent at any Mastercard-accepting terminal worldwide.
Users with the Bit2Me Card will be able to pay for their goods and services using any of the 68 cryptocurrencies that the Spanish company offers on its virtual currency platform. By the end of next year the aim would be to expand the number of virtual currencies to 200, demonstrating the potential of both the platform itself and the new Mastercard debit card.
All Bit2Me users in the European Union – not just those in Spain - will be able to use the new card, which is scheduled for launch later this year. There are ambitions to expand the number of users in other countries further down the line.
Bit2Me will offer consumers freedom of choice at the checkout, as well as meeting a growing demand from users who want to make payments with cryptocurrencies with reliable guarantees. The Bit2Me Card has been developed with rigorous quality and security standards to ensure a consistent customer experience.
Paloma Real, CEO of Mastercard Spain, said: "It is a fact that every day more and more people acquire and use cryptocurrencies in their purchases. With the launch of this new card, we are responding to this growing demand and offering consumers a simple and secure way to pay whenever and wherever they want with cryptocurrencies. We are delighted to be working hand in hand with Bit2me to continue innovating and creating solutions in the world of payments, and we are confident that this product will be well received both in Spain and in Europe."
Baldomero Falcones, who recently joined the Bit2Me team as Senior Advisor,played a key role in the development of the card. The former Chairman of Mastercard, who was also Chairman of FCC and Chief Operating Officer at Banco Santander, said: "Innovation is the engine of growth for companies, investors and countries, and Bit2Me demonstrates once again that this is in its DNA.”
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Bit2Me is a leader in the cryptocurrency sector in Spain, its Suite of services incorporates more than 20 solutions to buy, sell and manage virtual currencies and euros from a single place in a simple and secure way. It has private customers, professionals and companies in more than 100 countries, and has managed transactions worth more than 1,000 million euros since it was founded in 2015. In January this year, FORBES magazine selected Bit2Me as one of the companies in Spain that will drive change in 2021. Since its creation in 2015, the company has received many awards in the financial sector such as 'Winners of the World', in the international competition sponsored by Visa; 'Best Spanish startup 2015', by CaixaBank; 'Best Business Model', awarded by Deloitte; it has also been invited by the European Commission to present and discuss Blockchain technology and bitcoin on multiple occasions.
One of its first initiatives after its birth was the creation of Bit2Me Academy, which trains more than 1.7 million students every year. It is currently the largest cryptocurrency training portal in Spanish, with more than 400 free articles, certified courses and videos for those interested in learning about the birth, operation and evolution of cryptocurrencies and the blockchain world.
About Mastercard (NYSE: MA)
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.