In an exciting step towards the financial future, BITPoint, a Japanese cryptocurrency exchange that expanded its operations to Latin America in 2018, has introduced its innovative prepaid crypto card in Panama on August 11. This pioneering movement opens the doors to make purchases in USD using cryptocurrencies, thus bringing the digital era closer to the daily lives of users.
๐ Expansion in Latin America
Since setting its sights on Latin America in 2018, BITPoint has proven to be a key player in the regional #crypto ecosystem. This momentous step reaffirms the company's commitment to providing innovative solutions designed to meet the specific needs of the Latin American market.
๐๏ธ Frictionless Spending with Cryptocurrencies
The brand new BITPoint prepaid card allows users, both new and existing customers, to make purchases and payments in USD at more than 100 million Mastercard acceptance points. This wide network of acceptance ranges from physical stores to online platforms, making it easier to incorporate #cryptocurrency into everyday spending.
๐ Real Time Conversion from Crypto to Fiat Currency
Thanks to the partnership with Mastercard, cardholders can convert their cryptocurrencies into fiat currency in real time. This dynamic feature enables hassle-free daily transactions, revolutionizing the way people interact with their digital assets.
๐ณHow It Works
To take full advantage of the BITPoint prepaid crypto card, users must first convert their selected cryptocurrencies into fiat currency. These funds can be loaded onto the digital or physical version of the card, the latter being compatible with contactless payments, a clear example of the fusion between convenience and technology.
โก Adoption Incentives
BITPoint takes an innovative approach to incentivize card usage. Users have the attractive opportunity to receive refunds in bitcoin for transactions made with the prepaid card, creating a rewarding and attractive experience for those who venture into this new financial frontier.
๐ Looking to the Future
Juliรกn Geovo, Director of Operations at BITPoint in Latin America, emphasizes that the company intends to reshape the crypto product landscape in the region. The prepaid card is only the first step, as BITPoint seeks to expand the range of crypto solutions that adapt to the economic, political and social particularities of Latin America.
Thiago Dias, Senior Vice President of Fintech, Facilitators and Cryptocurrencies at Mastercard Latin America and the Caribbean, reflects a commitment to providing safe and reliable options for those who choose to transact with cryptocurrencies.
๐ A New Chapter in the Financial Evolution of Panama
With the BITPoint prepaid crypto card, Panama consolidates itself as a leading nation in the adoption of cryptocurrencies. This advancement not only accelerates the mainstreaming of crypto, but also provides a futuristic and secure payment method for the daily lives of people across the country.
As the world watches this transformation, one thing is clear: the line between cryptocurrencies and traditional finance is blurring, and BITPoint is leading this evolution. Welcome to the future of money, where your crypto assets become your currency of choice for everyday purchases. ๐๐ฎ๐
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