In an important initiative to spread the adoption of cryptocurrency, CoinJar and Mastercard have decided to come together to launch the new crypto prepaid card to boost the adoption of digital coins. CoinJar is among the largest cryptocurrency exchanges in Australia, and its collaboration with Mastercard (which is well-known worldwide for its payment processing services) will take cryptocurrency adoption to the next level.
The prepaid card facility is available for Australian consumers, making it easier for them to use digital coins in their day-to-day transactions. According to the CoinJar official blog post, the new prepaid card can be used by the users of the exchange for making purchases at all avenues of shopping where the payment by the Mastercard is accepted.
This specific convenience will help consumers to spend their cryptocurrency directly – without the requirement of first converting it into fiat money and then using it for making transactions. The process of using the card is very simple. Consumers first need to select a particular cryptocurrency that they want to use for making the payment. Then the selected option will get automatically converted into Australian dollars before the transaction gets processed.
In addition to this convenience, CoinJar has also announced a host of benefits for prepaid card users. The available incentives that users can realize on their enrollment for the card include free activation, chances to win rewards, and no monthly fees for using the card.
A total of 30 cryptocurrencies is supported by the prepaid card, including Bitcoin, XRP, Ethereum, etc. The card is available in both physical and digital forms, and users can easily integrate it with both Google Pay and Apple Pay transaction mechanisms. The customers can enroll for the card while logging into CoinJar’s latest application as the app’s new version has all the terms and conditions in their updated form.