Bitsa Card has added support for altcoin Monero (XMR), which focuses on user privacy.

Monero, referred to as an altcoin with “high levels of security, privacy and decentralisation” will now serve as a top-up currency for the Bitsa Card. The altcoin was created in 2014.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Users of the crypto-enabled prepaid card will be able to use Monero for both retail as well as online shopping.

The cardholders can make SEPA transfers and also convert Monero to Euro to make transactions.

In elaborating its rationale for supporting Monero, Bitsa said that the altcoin offers usability to virtual currencies.

To reload the Bitsa Card with digital currencies, one has to select the “Top-up” option and then opt for the available crypto by selecting the “cryptocurrencies” top-up method.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The user can then fund an account by choosing the desired amount.

In a blog post, Bitsa said: “While the vast majority of cryptocurrency transactions are verifiable and traceable by anyone, the addresses (sender and receiver) and the amounts sent are hidden in Monero.

“Therefore, since there is no trace due to its high privacy is impossible to distinguish these tokens, so Monero (XMR) is considered as a fungible. In addition, all this encryption makes transactions much more secure.”