The cryptocurrency trading platform Criptan has launched CriptanCard, a card that will allow users to pay with cryptocurrencies in any physical and online establishment that accepts Mastercard globally.
Criptan will convert its cryptocurrencies into traditional fiat currency, which can be spent everywhere Mastercard is accepted around the world. Currency will enter Mastercard’s network as traditional fiat currency.
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The card will allow Criptan users who hold cryptocurrencies in their accounts to use them to make purchases, any time and anywhere they want, as well as to withdraw cash from any ATM globally.
The CriptanCard can be requested from the Criptan app and does not need to be reloaded with euros beforehand as the user will be able to choose which of the cryptocurrencies stored in their account they want to pay with.
“The Crypto world is here to stay”
CriptanCard has been made possible thanks to an alliance with Mastercard and Pecunpay, an e-money institution member of Mastercard.
Pecunpay has actively supported the project, both technologically and operationally, and has made possible the integration with its banking platform through APIs, so that Criptan can run its own transactions.
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By GlobalDataJaime Rentero, commercial director of Pecunpay, said that his company worked hard from the very beginning to shorten the “Time to Market” since the launch of CriptanCard.
“This is great news, and we are sure that this programme is going to be very relevant, as the crypto world is here to stay. At Pecunpay we offer all our legal and technological capacity to make CriptanCard a great success,” Rentero said.
The goal: “to allow people to feel that cryptocurrencies are part of their daily lives”
The launch of CriptanCard represents the realisation and democratisation of cryptocurrencies beyond a mere investment asset.
Co-founder of Criptan, Jorge Soriano, said:
“Our goal with CriptanCard is to allow any citizen to feel that cryptocurrencies are part of their daily lives. And to do this we must change the way people interact with their own economy and make everyone aware that there are alternative models to the current economic ones. And the first step is to make it easier to use them.”
