10 Feb 2023 · 2 min read

Bit2Me Launch 9% Cash-back Debit Card Through Mastercard Network

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Bit2Me is revolutionizing the financial world by bridging the gap between traditional finance and cryptocurrencies. The Madrid-based company has made a significant impact in the industry, being recognized as Spain's biggest crypto exchange and the first company approved by the Bank of Spain as a virtual currency service provider in 2022. 

To meet the demands of a more mainstream demographic of digital asset users, Bit2Me has recently launched a new product - the Bit2Me debit card. The debit card allows users to instantly switch between cryptocurrencies, including B2M, BTC, ETH, ADA, XRP, SOL, DOT, and USDT, to pay for goods and services.

Bit2Me's innovative software combined with Mastercard's 90 million-strong global network equal a seamless integration, allowing for online transactions, contactless payments, and 24-hour ATM cash withdrawals. The Bit2Me card operates just like a regular fiat debit card, with all the added benefits of instant wallet switching and high-level security protocols like the ability to lock and unlock the card and configure usage limits.

Bit2Me's CEO and Co-founder, Leif Ferreira, comments on the lengthy process of development needed to integrate the debit card with the Mastercard network and offer a high rate of cash-back:

"Dozens of professionals have been involved in this project, and after two years of work, we have found the key to connect cryptocurrencies to the Mastercard payment network. To do this, we had to modify the transaction flow (which is part of the international card payment protocol) so that customers can use cryptocurrencies to pay instantly and transparently for businesses. Moreover, we have managed to add up to 9% cash back on purchases."

The Bit2Me card is designed to simplify the use of cryptocurrencies in everyday life, offering instant and secure online payments and cash withdrawals at ATMs without the need for manual exchange. Bit2Me COO and co-founder, Andrei Manuel, believes that the Bit2Me card has the potential to be the best cryptocurrency debit card in the world, stating: 

"Our mission is to bring the use of cryptocurrencies closer to everyone. Bit2Me Card allows you to use your cryptocurrencies easily and quickly in your day-to-day life. You can use cryptocurrencies, such as Bitcoin, or stablecoins, such as USDT, at physical or online stores." 

The cryptocurrency market has experienced stability in recent months, leading to an increase in investor confidence and a total market capitalization increase of $300 Billion USD from the start of the year to February 1st, 2023. 

The Bit2me card offers a compelling solution for a broad spectrum of cryptocurrency users seeking a reliable medium to spend their digital assets, with its streamlined service, Mastercard network access, strong mobile support, and up to 9% cash-back for all transactions.