NearPay launches a virtual crypto card

The company also released a wallet available on IOS and Android

28.08.2022 - 06:30

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2 min

What’s new? NearPay has launched a virtual cryptocurrency card along with a wallet available on iOS and Android. NearPay's platform allows users to use traditional financial instruments, such as a bank account or credit card, to send, receive and exchange cryptocurrencies. Users can also issue a virtual Visa debit card that allows them to spend cryptocurrency on online purchases, with instant conversion to fiat at the time of the transaction. The service is initially available throughout the European Economic Area, including the UK.

Information on CryptoDaily's website

What do the company representatives say? NearPay Chief Operating Officer Ivan Ilin noted that the platform has created a simple interface for managing both fiat and cryptocurrency. He added:

“With our newly launched iOS and Android apps our customers can access NearPay Wallet on the go and instantly get virtual crypto cards to spend their assets without converting them in advance.”

NearPay Wallet currently supports 38 digital assets. These include major cryptocurrencies such as BTC, ETH, USDT, and NEAR.

What is known about the NEAR Protocol? It is a smart contract platform that developers can use to create decentralized applications (dApps). NEAR was launched in 2020. Read more about the project in GetBlock Magazine's review. As of August 27, 12:15 UTC, the project's native token, NEAR, is trading at $3,96, down 5,29% overnight, according to the crypto exchange Binance.

In April, the Decentral Bank DAO team announced the release of a NEAR-based asset, the USN stablecoin. Users can issue the asset using the NEAR web wallet and swap between USN and USDT.

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