Regulated crypto Mastercard launched by EQIFI

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EQIFI has launched global crypto-Mastercards that allow users to leverage their digital assets to make real-time merchant payments in-store.

The Global Crypto Mastercard will be accepted in over 44 million locations around the world and is capable of processing both online and international payments. It also features normal security components such as an EMV chip, standardized PIN code and fraud protections.

With the support of eminent EQIbank – a fully regulated challenger bank aimed at bridging the gap between traditional and digital assets – the decentralized financing platform based on Tezos EQIFI will facilitate and manage transactions.

Speaking about the launch of Mastercard, Jason Blick – CEO of EQIBank – explained that the project was ultimately about unleashing financial freedom.

“The partnership between EQIBank and EQIFI was designed to bridge the gap between DeFi and traditional finance,” he explained.

“We understand that our customers want regulated access to digital assets.

“This is why we are delighted to launch the EQIFI Mastercard to give EQIFI users access to a full range of innovative DeFi-based banking products and services.

“The launch of EQIFI debit cards is an integral and important step in the mission to increase the financial freedom of our many customers, enabling them to integrate digital assets into their daily lives.

DeFi is slowly revolutionizing financial practices

Perhaps the most exciting for new crypto investors looking to cash in on the latest rally – the card has no spending limit – meaning crypto assets can be fully mined without needing to directly convert to fiat.

Speaking to Coin Rivet, Brad Yasar, CEO of EQIFI, based in the British Virgin Islands, explained how this real-world DeFi implementation could change the face of our daily lives.

“We are extremely excited to bring EQIFI debit cards to our current and future users,” explained the CEO.

“This is a major step towards combining the benefits of DeFi with traditional and traditional banking and payment processes.

The story continues

“Having a physical and tangible product that our users can integrate into their daily lives illustrates how DeFi regularly revolutionizes financial practices. By combining DeFi, crypto, and traditional payment rails, the future of finance is here. “

Those who stake the native EQX token will have priority access to Mastercard.

As a first step, the payments made will have to be converted into fiat at EQIFI. However, plans are underway to launch an automated system that will facilitate direct Bitcoin (BTC) and ERC-20 token card spending.

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