One of the oldest Digital Currency Exchanges, CoinJar, has given Australians a new way for crypto-based transactions by introducing a crypto-specific MasterCard, joining hands with Mastercard as a means to increase crypto trade and provide users with several opportunities.
The new Crypto MasterCard will help out customers and investors to take their digital currency experience to whole another stage. The Crypto Master Card helps out crypto holders to utilize their precious crypto assets as traditional currency. Being a simultaneous product from MasterCard, it works on both physical and online stores for performing transactions.
Perks and Incentives
CoinJar posted a tweet saying that any initial users who apply for registration and activation of the MasterCard will enjoy perks such as free of cost set up, no monthly fee, and will also be eligible for rewards from CoinJar which accumulate, as more and more purchases are made using the crypto MasterCard. As of now, the Card is only available for users in Australia with hopes of coming to other countries very soon.
The crypto-based MasterCard also fully works on popular application stores such as Google Play Store and Apple’s app store. The card can also be accessed totally digital from a smartphone, and if users want a physical card, they can apply for registration of issuance of the physical MasterCard. CoinJar has also made multiple efforts to give users incentives to spend using the Card. Around 100 CoinJar points are rewarded every time a user pays a transaction fee of a single Australian dollar. The points can then be redeemed at a special reward store for some extra goodies. Despite having no startup fee, transactions made in physical stores, online stores, and ATM Withdrawals will have 1% as a transaction fee.
Although this is definitely a massive step taken by both companies to promote cryptocurrency digital assets, the people of Australia are still worried about the new crypto regulations that might be implemented very soon.
Just like PayPal and Visa, MasterCard continues to grow its support for digital assets by providing many different forms of services, making transactions easier to deal with. In the previous month, MasterCard promised many new features coming in partnerships with crypto wallet-based forms and many different exchanges.