CoinJar which is a leading crypto asset exchange announced a partnership with financial giant, Mastercard in conjunction with their plans to launch a new prepaid card. This is one of the actions to make crypto asset services accessible to users.
In one of the official posts published on Tuesday, the crypto asset exchange revealed that the new CoinJar card will allow users to make purchases with their crypto assets wherever Mastercard is accepted.
The initiative will allow Australians to use their crypto assets without having to first convert them into fiat currency before making a payment. With a CoinJar card, users only need to select the crypto asset they want to use as payment then it is exchanged automatically before the transaction takes place.
In addition, the crypto exchange also promises users several other benefits including free activation, zero monthly fees and gift offers. According to CoinJar, Coinjar cards have no monthly fees and transaction fees as low as 1%.
The card has 30 supported crypto assets including cryptocurrencies such as Bitcoin, Ethereum, and XRP. As announced, CoinJar cards will be available to users in both digital and physical forms, including support for Apple Pay and Google Pay apps.
Of late Mastercard has shown significant interest in the crypto industry. The company’s CEO believes crypto cards will become commonplace in the industry with more businesses like Visa and Mastercard wanting to do such innovations.
