Edge launches Mastercard, enables users to spend with Bitcoin, Dogecoin

Edge Mastercard users sell their Bitcoin to the card when adding funds in the app, while merchants receive funds in USD

Edge Mastercard
The card, powered by Ionia, a fintech and savings platform, connects with mobile pay services Apple Pay, Samsung Pay, or Google Pay
BS Web Team
2 min read Last Updated : Jun 08 2022 | 4:37 PM IST
Edge, a San Diego-based self-custody exchange, on Wednesday launched Edge Mastercard, that enables crypto holders to spend with digital currencies such as Bitcoin, Bitcoin Cash, Dogecoin, Litecoin, and Dash from its application.

Edge Mastercard users sell their Bitcoin to the card when adding funds in the app, while merchants receive funds in USD.

Edge is a self-custody exchange that supports the most popular cryptocurrencies on the market. Formerly known as Airbitz, the company was founded in 2014 as a Bitcoin-only wallet. 

Users register their cards inside the Edge app to start spending, without having to add personal information or pay any fees. The card, powered by Ionia, a fintech and savings platform, connects with mobile pay services Apple Pay, Samsung Pay, or Google Pay.

Top ups to the Edge Mastercard are instant, allowing users to spend their balance immediately without waiting for confirmations or bank transfers.

"Using the Edge Mastercard does not require you to compromise your privacy, as other programs do. There is no name or address associated with your Edge Mastercard, making for completely private transactions when your card is used," the website said.

In the initial roll-out, the card will enable spending at more than 10 million merchants in the United States and users can spend the equivalent of up to $1,000 per day.

“I can’t be more excited for the launch of the Edge Mastercard,” said Paul Puey, co-founder of Edge.

“Bitcoin users will finally be able to privately spend at thousands of merchants around the US without compromising ANY personal informaton, and without fees or delays to top up their card," he added.

“Bitcoin, BitcoinCash, Dash, Doge and Litecoin users will finally be able to spend their currencies at Mastercard accepting merchants in the US," he added.

Edge uses official spot exchange rates provided by platforms such as Coinmarketcap, a price-tracking website for digital assets, with no margin taken on exchange rates.

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :cryptocurrencyMastercarddigital currencybitcoinscrypto tradingmaster cardcryptocurrencies

Next Story