Bit.Store, a social cryptocurrency investment platform, is launching a crypto-linked prepaid card powered by crypto payment leader Alchemy Pay that will make it easier for its users to make payments with their cryptocurrencies at over 50 million merchants worldwide. The card will be based on the MasterCard scheme and will be compatible with widely used payment methods like Apple Pay and Google Pay.
Designed to help novice traders get started in the world of cryptocurrency trading, Bit.Store offers a social-first platform where users can create and participate in the community alongside more experienced investors. With a strong user base in Europe and Asia, Bit.Store has already secured its position as one of the leading social cryptocurrency platforms for retail investors in Indonesia.
Crypto-linked cards have grown in popularity over the past year, with the global market capitalization of the cryptocurrency market reaching nearly $2 trillion. With more and more people owning cryptocurrencies in one form or another, users are eager to find convenient ways to spend their funds online and in-store.
Bit.Store’s Prepaid Card is a safe and easy way for users to pay for goods anywhere in the world. It gives users the ability to spend their funds in countries around the world, whether in-store, online, or by making in-app payments.
Additionally, Bit.Store’s crypto-linked cards enable conversion of crypto to cash in a quick and convenient way. Users will soon be able to make ATM withdrawals anywhere in the world against their digital assets stored on the Bit.Store platform.
David Rant, co-founder of Bit.Store said, “We are delighted to launch our very own Bit.Store Mastercard. It is a move that represents our clear intention to become a truly global cryptocurrency trading platform where users can transact financially securely and conveniently.
The Bit.Store bank card application process will be quick and easy, with users able to have their virtual card issued in real time, while the physical card will be mailed to their doorstep.
Bit.Store is a SocialFi investment platform designed for beginner investors. The platform provides its users with quick and easy access to the global digital currency markets by supporting different money transfer methods through cooperation with an extensive network of regional payment providers. The app provides a variety of features, including social trading, tracking and copying trading strategies published by seasoned experts in the field, and allows experts to monetize their contribution to the platform. Bit.Store has successfully passed the milestone of 500,000 active users (by December 2021) in Europe and Southeast Asia and continues its rapid expansion into markets around the world.