Choise.com, the comprehensive platform offering a broad suite of digital/crypto banking services, will grant its users access to an innovative crypto card program aimed at expanding the functionality of Mastercard debit cards with cryptocurrency payments. The initiative has recently received approval from the payment powerhouse and will be implemented within the next month. The new crypto-powered cards will be virtual and will be available for order on the Choise.com platform.
The upcoming crypto card program represents a significant advancement in the ease and efficiency of crypto transactions. The virtual nature of the future Mastercard crypto cards will allow for immediate activation upon ordering through Choise.com, while the integration with ApplePay and GooglePay will further enhance user convenience. Each user will be able to hold up to five crypto cards simultaneously.
The cards will be connected to the users’ IBAN accounts and feature no top-up restrictions. But to ensure a balance between flexibility and security, they will come with specific transaction limits:
- a daily ATM cash withdrawal cap of 1,000 EUR and a monthly limit of 10,000 EUR;
- a daily spending limit of 20,000 EUR and a monthly ceiling of 40,000 EUR for point-of-sale (POS) and e-commerce purchases.
The impending crypto card program will focus initially on 31 European nations, including Germany, France, the United Kingdom, and Spain. The Choise.com platform is available globally in over 170 countries and has grown its user base to over 1 million. These accomplishments reflect the increasing trust and reliance that consumers place on Choise.com’s services.
The company’s founder, Vladimir Gorbunov, commented on the crypto card program’s arrival,
“Empowering Mastercard debit cards to enable cryptocurrency payments signifies another key step in the seamless integration of digital assets into everyday transactions. Given that Mastercard is the world’s second-largest payment company, with over 1 billion cards currently circulating worldwide, this novel crypto card initiative will play a huge role in merging traditional finance with the digital economy as crypto adoption escalates. The Choise.com team is thrilled to be at the vanguard of this exciting phase, signaling a promising future for crypto payments,” he stated.
Choise.com’s pursuit of adding crypto payment functionality to Mastercard debit cards follows its pioneering footsteps in the crypto card space. Back in 2019, the company that was first established as Crypterium introduced its Crypterium Card, a prepaid UnionPay card linked to the Crypterium Wallet. The product saw a significant demand surge, with 4,000 orders from over 70 countries made within a week of its release.
Following such a rapid success, Crypterium expanded its card offerings with the Visa Edition in 2020, aiming to fulfill the ever-growing needs and preferences of its clients. Underlining its commitment to compliance and customer trust, the company got licensed by the FCA to provide cryptocurrency services in the UK. Notably, it was among the few entities to navigate successfully through the watchdog’s stringent requirements.
Choise.com is currently undergoing significant shifts, including the revolutionary update in the project’s tokenomics and strategic expansion in the B2B sector with its new digital/crypto banking infrastructure provider, Vault. Riding the wave of these fundamental innovations, Choise.com’s native token, CHO, saw a staggering increase of over 400% in just two months, further strengthening the company’s position in the global crypto market.
With seven-year expertise and confirmed traction in CeFi and DeFi backing its current development, Choise.com is now venturing into new directions with plans to merge with Vault and evolve into a Web3 digital banking development marketplace, dubbed Choise.ai, that will distribute turn-key CEX/DEX, AI, and RWA financial solutions to both individuals and enterprises. The introduction of a new crypto card program will also be an integral component of these growth efforts.
About Choise.com
Choise.com, emerging from Crypterium, incepted in 2017, stands out with its pioneering approach to digital/crypto banking and support for a wide range of cryptocurrencies.
As a prominent crypto firm, it offers a comprehensive ecosystem of crypto-fiat services that simplify digital asset management and allow for advanced earning on your funds. The platform enables clients to effortlessly explore and invest in promising financial products, facilitating high returns on their CHO tokens without requiring extensive technical expertise.
Focusing on future advancements, Choise.com is gearing up to become the fundamental framework for enterprise-level digital banking solutions, clustered into the Choise.ai marketplace.
