The cryptocurrency firm of San Diego Edge has announced the launch of a confidential crypto ‘Edge Mastercard’ in US that doesn’t gather KYC information and doesn’t charge transaction expenses.

Edge revealed the Mastercard on Twitter and told the company’s followers: “Zero fees. Instant funding — With Edge Mastercard everyone can now spend BTC, DOGE, DASH, LTC, [and] BCH instantly, with zero personal information required.”

Blockspace.io pioneer Gabe Higgins gave Edge props for the new security-driven centric crypto Mastercard. “Kudos to Edge, sticking with their original vision of providing an easy way to secure [and] use bitcoin without compromising on privacy,” Higgins tweeted on Wednesday.

Edge’s website explains that the Edge Mastercard isn't just private however it additionally agrees with the present monetary regulations. “There is no name or address associated with your Edge Mastercard, making for completely private transactions when your card is used,” Edge’s site details. The web page further states: “We protect your privacy while complying with all requirements for issuers, card associations, regulations, local, federal and international laws.”

While there are no use expenses attached to the Edge Mastercard, the physical version of the card costs $20. The card is accepted anywhere in US where Mastercard is supported and there’s a maximum threshold of $1,000 each day as far as load limits. Co-founder of Edge Paul Puey explained on Wednesday that the executive is delighted to offer a privacy-centric crypto Mastercard.

“Proud to announce the Edge Mastercard with no personal info required to activate or use,” Puey wrote. “Spend confidentially at any Mastercard accepting U.S. merchant.”

In a recent blog post published on June 9, Edge has stated that it has currently paused the crypto Mastercard for now. “Users will notice that the messaging on our website regarding the card has been temporarily removed and the use of the card inside of our app has been temporarily disabled,” Edge explained on Thursday.

Joyashree Dey

CBW - External Analyst

INDIA