CoinJar Launches Australia’s First Crypto Mastercard

CoinJar, Australia’s oldest digital currency exchange, has partnered with Mastercard for the continent’s first crypto payment card.

Power duo CoinJar and Mastercard’s new crypto card allows investors and crypto enthusiasts to take their digital currency experience to another level. card allows cardholders to use their cryptocurrency like a traditional fiat currency. This applies to both in-store and online purchases.

Cardholders enjoy free setup, zero monthly fees, and returning CoinJar Rewards with every purchase. card is available to Australian consumers.

digital exchange made an announcement on Twitter earlier today.

How does it work

new card is compatible with Google Pay and Apple Pay. refore, like most other cards these days, it can be accessed through a mobile device. For others who want a physical card in their hands, this is also a feature.

As with much of the incentive spending seen these days, the CoinJar card is no different. Every time a consumer pays $ 1 AUD in transaction fees, 100 CoinJar Rewards are awarded. y can be redeemed in the exchange’s rewards store.

While there are no startup fees, in-store and online purchases, along with ATM withdrawals, earn a 1% fee.

Certainly this is a great development coming from Australia’s oldest and busiest digital currency exchange. However, the development also comes as the country reflects on new encryption regulations.

Read also HeliconNFT launches an NFT Play-To-Earn ecosystem

Mastercard make movements

This is just the latest in a series of news updates from Mastercard and its involvement in the crypto space. financial services provider continues a crypto-friendly trend in its quest to provide its user base with the strongest capabilities.

Recently, Mastercard introduced its first trading program, which specifically targets cryptocurrency and blockchain startups. program features partnership opportunities, mentorship, and various other services for winning startups.

In addition to the program, Mastercard last month announced enhancements to its crypto wallet and exchange program.


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