As More US Consumers Flock To The First Mastercard Branded BitPay Card, There Is So Much You Need To Know About It.
More users in America are after Mastercard branded BitPay. Here are the reasons behind the trend. What are its advantages in the bitcoin community?
The Mastercard Branded BitPay Card
American consumers are flocking to load the first Mastercard branded BitPay card with top digital assets as new data from BitPay shows. The company’s transactions reached a new high in July as the popular cryptocurrency payment services provider debuted the new card in June 2020. With more users choosing to load with a selection of top digital assets, the data also shows how crypto card usage is changing.
Not All Crypto Cards Are Created Equal
Showing how the market performed in 2020, BitPay, the Atlanta based cryptocurrency services provider has recently released blockchain payment statistics. The data thereby signals strong support from US consumers for the company that announced its first Mastercard branded card just a few months ago which comes as another interesting point.
Here it is counted as the total number of crypto transactions processed through BitPay that was across all supported coin types has therefore reached a new high in July 2020 as of almost 110,000 processed transactions according to the statistics. Also, it was found that by March the figures have also shown a stable month over month growth trend in those processed transactions.
Enabling us to learn about the widespread usage of top assets in the whole market is the great popularity of BitPay services for making and accepting crypto payments. It is steadily losing ground in terms of load dominance as the BitPay statistics reveal that bitcoin remains the most used crypto. Moving furthermore as they load their cards, this happens with users switching over to a variety of those top digital assets such as BCH, ETH, XRP, and also the stablecoin USDC.
Safe for first-timers to use crypto and expand the adoption of digital assets are crypto cards making it easy to pay for daily purchases. The Mastercard branded BitPay card has several advantages that make it far superior to all other options available in the market today whereas not all cards are created equal.
Here Comes The Card Being Designed For Those Who Live Life On The Crypto
Any amount they load is immediately converted to dollars and there are no multiple conversions for each transaction they make as the Mastercard branded BitPay card offers instant conversion which means those users need not worry about the volatility of the crypto assets that they load up with. Converting the stored crypto to dollars each time a payment is made and leaving its value to fluctuate in the meantime, this is in sharp contrast to other crypto cards that only operate on the spend as you go-to model.
Compared to other crypto cards, another major advantage of BitPay is that the card has very high limits. In total at ATMs, users can load up to $10,000 per day, spend up to $10,000 per day, and withdraw up to $6,000 a day. Users are only left with network and miner fees that can be very low if they choose an option such as BCH or XRP as the Mastercard branded BitPay card also has no conversion or load fees.
Allowing users to spend money anywhere Mastercard is accepted, both online and in stores is the new BitPay card. Further on it comes with the virtual card that is used immediately after enrolment. Used to lock cards, monitor transactions, and load, the card is supported by a new app. With a simple phone call or email, English speaking agents are available.
As it includes EMV chips and supports safe contactless payments, a must for keeping healthy these days, security is also a key feature of the Mastercard branded BitPay card. Apple Pay and Samsung Pay will soon be available to keep in-store cardholders safe additionally. Without the need to stake coins or redeem rewards in coins you don’t want or prefer as other cards require, comes all the features that are offered.
The Final Thoughts On BitPay
Here the ultimate result is Mastercard branded BitPay card that should therefore be especially popular not only among the bitcoin cash community as the statistics show BCH is the top alternative to BTC among the company’s users in addition to all these advantages. BitPay has processed over 25,000 BCH transactions year to date.
Ranking as the number two preferred payment method, in total BCH represents about 4% of BitPay transactions. Closely following it are ETH at number three as well as XRP in the fourth place. Here it is reported that bitcoin cash comes to be most used to buy gift cards and load the BitPay Card or the cards of its many partners. Followed by purchasing gold, online gaming is the second most popular use of BCH.