Bit2Me is making headway in the integration of traditional finance and cryptocurrency through its cutting-edge technology. Based in Madrid, the company has become a prominent player as Spain’s leading crypto exchange and has even received approval as the first virtual currency service provider sanctioned by the Bank of Spain.
In response to increasing demand, Bit2Me has recently launched its newest offering, the Bit2Me debit card. This card provides users with the ability to easily switch between multiple cryptocurrencies such as B2M, BTC, ETH, ADA, XRP, SOL, DOT, and the popular stablecoin, USDT, for all their purchasing needs.
The Bit2Me debit card takes advantage of Bit2Me’s innovative software and the extensive global network of Mastercard, which includes 90 million outlets. This combination provides seamless transactions, contactless payments, and 24/7 access to ATMs. The card operates like a standard debit card, but also offers the added benefits of fast wallet switching and top-notch security features like the ability to lock and unlock the card and set usage restrictions.
Bit2Me’s CEO and co-founder, Leif Ferreira, highlighted the extensive development work that was necessary to integrate the debit card with the Mastercard network and offer a high cash-back rate. According to Ferreira,
“Dozens of professionals have been involved in this project, and after two years of work, we have found the key to connect cryptocurrencies to the Mastercard payment network. To do this, we had to modify the transaction flow (which is part of the international card payment protocol) so that customers can use cryptocurrencies to pay instantly and transparently for businesses. Moreover, we have managed to add up to 9% cash back on purchases,”
The Bit2Me debit card is aimed at making the use of cryptocurrencies in everyday life more straightforward. The card provides instant and secure online payments and ATM withdrawals without the need for manual exchange. Bit2Me’s COO and co-founder, Andrei Manuel, has high expectations for the card, stating
“Our mission is to bring the use of cryptocurrencies closer to everyone. Bit2Me Card allows you to use your cryptocurrencies easily and quickly in your day-to-day life. You can use cryptocurrencies, such as Bitcoin, or stablecoins, such as USDT, at physical or online stores.”
The stability of the crypto market in recent months has led to an increase in investor confidence and a $300 billion USD increase in total market capitalization from January 1st to February 1st, 2023. The Bit2Me debit card presents a viable solution for a wide range of cryptocurrency users who are searching for a reliable way to spend their digital assets. The card offers a user-friendly service, connectivity to the Mastercard network, robust mobile support, and 9% cash-back.