Purchase-headquartered Mastercard (NYSE:MA) is moving further into the cryptocurrency realm with a new cashback debit card created in partnership with the Spanish cryptocurrency exchange Bit2Me.
The Bit2Me card was originally released in November and enables payments to be made in both cryptocurrencies and euros in all global establishments that accept Mastercard. According to a CoinTelegraph report, the new cashback feature allows users to generate up to 9% crypto cashback for all purchases made with the card online or in-store.
“The goal is that any user from anywhere in the world has easy access to the limitless world of Web3 financial services, at the touch of a button,” said Leif Ferreira, CEO and co-founder of Bit2Me.
Outside of the U.S., Mastercard has been exploring new partnerships within the cryptocurrency sector. Last month, the company teamed with the cryptocurrency exchange Binance on the creation of the new Binance Card for the Brazilian market. That prepaid card will enable new and existing Binance users in Brazil with the opportunity to make purchases and pay bills across 14 supported cryptocurrencies.
