CoinJar and Mastercard Launch Australia’s First Crypto Card

CoinJar, a leading Australian cryptocurrency exchange, has recently partnered with the payment processing giant Mastercard to launch a new prepaid card to make digital asset services accessible to mainstream users.

Mastercard and CoinJar have rolled out prepaid cards to make it easier for Australians to spend their cryptocurrencies.

In an official blog post published on Tuesday, the exchange disclosed that the new CoinJar card will allow users to make purchases with their crypto assets wherever Mastercard is accepted.

This initiative will enable Australians to spend their cryptocurrencies without having to first convert them to fiat before making payments. With the CoinJar card, users will only have to select the cryptocurrency they wish to pay with, which will then be converted to Australian dollars automatically before making the transaction.

Additionally, the crypto exchange promised users several other benefits tied to the new card, including free activation, zero monthly fees, and rewards.

“CoinJar Card is free to activate, has no monthly fees and a low 1% transaction fee – returned to you as CoinJar Rewards every time you spend,” the exchange said.

The card provides support for 30 different cryptocurrencies, including the top coins like Bitcoin, Ethereum, and XRP. As per the announcement, the CoinJar card will be available to users in both digital and physical forms, including integration into Apple Pay and Google Pay.

The company noted that customers can get their cards via the latest version of the CoinJar app, adding that it has also updated its Terms of Service to include “CoinJar Card and a new complaints process.”

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