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Americans are tempted by BitPay MasterCard

 



New data from BitPay shows that US consumers are flocking to download their first BitPay Mastercard. A popular crypto payment service provider launched the new card in June 2020 and the company's transactions reached a new level in July. 

The data also shows how the use of crypto cards is changing, as more users choose to upload a selection of the best digital assets.

Not all encryption cards are created equal

BitPay, an Atlanta-based cryptocurrency service provider, recently released blockchain payment statistics showing how the market is performing in 2020. Among other points of interest, the data indicates strong support from US consumers for the company that announced its first BitPay Mastercard, A few months ago.

According to statistics, the total number of crypto transactions processed through BitPay across all types of supported currencies reached a new high in July 2020 with nearly 110,000 transactions processed. The numbers also show a stable monthly growth trend in transactions processed since March.

The massive popularity of BitPay services for making and accepting crypto payments allows us to learn about the widespread use of the best assets in the entire market. BitPay statistics reveal that although Bitcoin remains the most widely used cryptocurrency, it is steadily losing its power in terms of download dominance. This happens when users switch to a variety of top digital assets like BCH, ETH, XRP, and USDC, in order to load their cards.
Crypto cards make it easy to pay for everyday purchases, are safe for first-timers to use cryptography, and extend the adoption of digital assets. But not all cards are created equal, and the BitPay Mastercard branded card has several advantages that make it much better than all the other options available on the market today.

A card designed for those who live life on cryptocurrencies

The BitPay card provides instant transfer which means you don't have to worry about the volatility of the crypto assets they upload - whatever amount they download is instantly converted into dollars and there are no multiple transfers for every transaction they make. This contrasts sharply with other cryptocurrency cards that only serve to spend while you use the model, as you convert the stored cryptocurrency into dollars every time a payment is made and let its value fluctuate in the meantime.

Another major advantage of BitPay is that the card has very high limits compared to other crypto cards. Users can upload up to $ 10,000 a day, spend up to $ 10,000 a day and withdraw up to $ 6,000 a day in total at ATMs. Also, the Mastercard-branded BitPay is not subject to transfer or upload fees, so users are only left with network and mining fees which can be very low if they choose an option like BCH or XRP.

The new BitPay card allows users to spend money anywhere Mastercard is accepted, whether online or in stores. It comes with a virtual card that can be used immediately after registration. The card is supported by a new application that can be used to lock cards and monitor transactions and uploads. For users who need human assistance, English-speaking agents are available with a simple phone call or email.

Security is also a major feature of the Mastercard-branded BitPay, as it includes an EMV chip and supports secure contactless payments - a must to keep you healthy these days. Additionally, Apple Pay and Samsung Pay will be available soon to keep card holders safe in the store. All of these features are offered without the need to wager coins or redeem the rewards for coins that you do not want or prefer as other cards require.

In addition to all these advantages, the BitPay Mastercard branded card should be especially popular among the Bitcoin Cash community as statistics show that BCH is the best alternative to BTC among the company's users. Year-to-date, BitPay has processed more than 25,000 BCH transactions.

In total, BCH accounts for around 4% of BitPay transactions, being the second most preferred payment method. It is closely followed by ETH at number three and XRP at number four. The company also reports that Bitcoin Cash is most commonly used to purchase gift cards and to load the BitPay card or its many partner cards. Online games are the second most common use of BCH, followed by buying gold.

To learn more about Security is also a major feature of the Mastercard-branded BitPay, as it includes an EMV chip and supports secure contactless payments - a must to keep you healthy these days. Additionally, Apple Pay and Samsung Pay will be available soon to keep card holders safe in the store. All of these features are offered without the need to wager coins or redeem the rewards for coins that you do not want or prefer as other cards require.

In addition to all these advantages, the BitPay Mastercard branded card should be especially popular among the Bitcoin Cash community as statistics show that BCH is the best alternative to BTC among the company's users. Year-to-date, BitPay has processed more than 25,000 BCH transactions.

In total, BCH accounts for around 4% of BitPay transactions, being the second most preferred payment method. It is closely followed by ETH at number three and XRP at number four. The company also reports that Bitcoin Cash is most commonly used to purchase gift cards and to load the BitPay card or its many partner cards. Online games are the second most common use of BCH, followed by buying gold.

To learn more about BitPay's first Mastercard-branded card and how it can fit your cryptocurrency payment needs, go to BitPay.com/Card.

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