{"id":13967,"date":"2022-09-20T12:31:17","date_gmt":"2022-09-20T12:31:17","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/eurocoinpay-partners-with-mastercard-to-launch-one-of-the-first-cryptocurrency-based-cards-in-spain-exchanges-bitcoin-news\/"},"modified":"2022-09-20T12:31:17","modified_gmt":"2022-09-20T12:31:17","slug":"eurocoinpay-partners-with-mastercard-to-launch-one-of-the-first-cryptocurrency-based-cards-in-spain-exchanges-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/eurocoinpay-partners-with-mastercard-to-launch-one-of-the-first-cryptocurrency-based-cards-in-spain-exchanges-bitcoin-news\/","title":{"rendered":"Eurocoinpay Partners With Mastercard to Launch One of the First Cryptocurrency Based Cards in Spain \u2013 Exchanges Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Eurocoinpay, a Spanish cryptocurrency exchange, has closed a deal to offer one of the first cryptocurrency-based debit cards in Spain. The card, which is already available for customers of Eurocoinpay, will allow users to acquire products in more than 90 million establishments in the European Union and around the world.<\/strong><\/p>\n

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Eurocoinpay Aims to Introduce Crypto Payments in Spain<\/h2>\n

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Eurocoinpay, a cryptocurrency exchange based in Spain, and registered with the Bank of Spain, has partnered<\/a> with Mastercard to become one of the first companies in the country to offer its own cryptocurrency-based debit card. The company, which has been always interested in including cryptocurrency solutions as payment methods, believes that this will help its customers make better use of cryptocurrency assets.<\/p>\n

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Herminio Fernandez de Blas, CEO of Eurocoinpay, believes this kind of intermediate product is necessary in order to popularize crypto. He stated this move \u201cconsolidates purchases with cryptocurrencies, something that is increasingly being implemented in a greater number of stores that accept these digital assets as a payment method.\u201d<\/p>\n

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According to Mastercard CEO Michael Miebach, this card will help Eurocoinpay users to make purchases at more than 90 million stores worldwide.<\/p>\n


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Using Crypto as a Payment Method<\/h2>\n

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Eurocoinpay considers the move a step in the direction of making cryptocurrencies useful to customers for various purposes. Fernandez de Blas explained:<\/p>\n

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This is one more step to making the use of cryptocurrencies more conventional. It is not about encouraging trading with these virtual currencies, but rather making them available to users so that they can make the decision to use the digital value they prefer as a means of payment.<\/p>\n

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Customers wanting to make use of this card have to meet Eurocoinpay\u2019s requirements and also pass Mastercard\u2019s money laundering controls. The card will be available to all customers of the exchange in the European Union.<\/p>\n

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Eurocoinpay is the latest in a long line of exchanges that have expanded their portfolio of services to offer products that link fiat and cryptocurrency. The reason behind this is that credit giants like Visa and Mastercard are now more crypto-friendly than before, allowing financial institutions to offer more comprehensive crypto services.<\/p>\n

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However, even when supporting crypto payments, some companies are not yet completely sold on the idea of crypto as a payment option. In August, Mastercard\u2019s CFO Sachin Mehra stated that the company viewed<\/a> crypto more as an asset class due to its volatility.<\/p>\n

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What do you think about the new cryptocurrency debit card offered by Eurocoinpay and Mastercard? Tell us in the comments section below.<\/strong><\/em><\/p>\n

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\nSergio Goschenko <\/h6>\n

\nSergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved.<\/p>\n<\/div>\n<\/div>\n

Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons, rafapress \/ Shutterstock.com<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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