Mercuryo Launches Spend Crypto Debit Card for European Users ?
If you’re a crypto enthusiast in Europe, you’re in for a treat. Mercuryo, a leading crypto payments firm, has recently rolled out a new offering that allows you to seamlessly convert your digital assets into fiat for everyday purchases at millions of merchants in the Mastercard network. Here’s everything you need to know about Mercuryo’s latest innovation:
What is Spend?
- Mercuryo has introduced a Mastercard debit card called Spend for crypto holders in Europe.
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Key Features of Spend:
- This virtual payment method enables users to convert their crypto holdings into fiat to make purchases at more than 90 million merchants in the Mastercard network.
- The card is issued by Polish fintech company Quicko.
Benefits of Spend:
- Spend aims to become a widely accepted payment method, leveraging Mercuryo’s competitive off-ramp fees and security.
- It offers a non-custodial wallet, allowing users to store and manage the keys to their crypto holdings.
- It is compatible with 40 cryptocurrencies, including Ethereum and Solana.
Availability and Fees:
- At the moment, the debit card is available to crypto holders in the European Economic Area (EEA).
- The monthly spending limit for Spend is €40,000, with a €1.60 issuance fee and a €1 per month maintenance fee.
What’s Next for Spend?
While Spend is currently exclusive to the EEA, Mercuryo has plans to expand its availability to other regions across the globe. Stay tuned for updates on when you can get your hands on this innovative crypto debit card!
