Following the success of CoinJar Swipe, EML Payments and CoinJar are bringing crypto further into the mainstream with CoinJar Card — the first crypto-to-fiat Mastercard card in Australia.
Cardholders of the CoinJar Card will be able to pay with cryptocurrency through a digital or physical card, so as long as Mastercard is accepted.
The CoinJar card is free to activate, and can be integrated with Apple Pay and Google Pay. It supports over 30 kinds of cryptocurrencies, which can be used by cardholders with no ongoing fees and a fiat 1% conversion rate.
With a user base of over 500,000 in Australia and the UK, the users have managed to conduct billions of dollars’ worth of transactions in cryptocurrencies via CoinJar. CoinJar Card ensures that users can easily, securely and seamlessly utilize crypto in a real world environment.
Previously in June, research has found that 15% of Australians invested up to $5,000 in cryptocurrency, 2.5% had invested somewhere between $5,000 to $10,000, and 1% threw in $10,000 to $20,000. This implies that more than 500,000 Aussies have invested at least $5,000 to $10,000 in cryptocurrency.