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NearPay Launches Virtual Crypto Cards and Wallets for iOS & Android

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Indrani bose Follow

INDIA

Aug, 30 2022

Aug, 30 2022

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Virtual crypto cards and its Wallet have now been officially launched for iOS and Android users by the crypto finance protocol NearPay. The goal is to bring the modern digital banking experience to the crypto world. 


All platforms, including the Web, iOS, and Android, now support NearPay. Users of the platform are able to purchase virtual goods using credit cards or even bank transfers. With NearPay, users can easily send, receive, and exchange cryptocurrency while also making withdrawals just through the user’s bank account. According to the announcement, NearPay also lets users track their spending, control their PIN, and freeze and unfreeze their cards. 


Also, users can instantly create a virtual Visa debit card that enables users to spend the cryptocurrency for online transactions with automated conversion to fiat currency. Visa debit cards are accepted on the platform, but only after completing the registration. Residents of the European Economic Area (EEA) and the United Kingdom may use the service. 


NEAR, BTC, ETH, and USDT are just a few of the 38 cryptocurrencies that NearPay Wallet "supports." Users can make normal bank transfers in EUR and GBP along with bitcoin payments and currency conversion.  

With NearPay Wallet, users can directly own their crypto assets and make them work. The press release describes NearPay as a crypto finance system that simplifies the exchange, management, and spending of cryptocurrencies. By offering both crypto and fiat assets, NearPay Wallet offers a modern digital banking experience. The user will have limited control over his or her funds while a third party will have full control over his or her funds. 


With no deposit or withdrawal fees in the future, Wallet will "offer earning incentives with a compound rate of up to 15.81% API." NearPay Wallet is said to be one of the finest ways to learn crypto since it combines the highest level of security with simplicity. 60% of cryptocurrency owners are interested in using cryptocurrency as a payment method to make online purchases more private or secure, according to to report, which predicts that cryptocurrency payments for the first time in 2022 will cross over $10 billion in total transaction value globally. 


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Indrani bose

CBW - External Analyst

INDIA

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