The first cryptocurrency payment card has appeared in Ukraine
Unex Bank together with Mastercard and fintech startup Weld Money launched Ukraine's first cryptocurrency payment card Weld, which allows you to pay with cryptocurrency for goods and services wherever cashless payments are available.
Weld card is a digital payment card based on Debit Mastercard, which is linked to a cryptocurrency wallet on the Weld Money platform.
The card is available in Apple Pay and Google Pay and pays with cryptocurrency for goods and services without the user having to convert it to regular (fiat) currency themselves.
Cryptocurrency conversion is automatic: Weld Money converts cryptocurrency into fiat money at the current exchange rate. When paying with a weld card, the equivalent amount is deducted from the cryptocurrency balance of the Weld Money wallet.
Currently, weld card allows paying with USDT stablecoin, with plans to add bitcoin and altcoin cryptocurrencies soon.
"Thus, for the user, the process of paying with a weld cryptocurrency card does not differ from a regular cashless payment, and no additional actions are needed to settle with cryptocurrency," the release said.
Weld card users can pay for goods in physical stores, as well as online and withdraw cash from ATMs that support contactless payment technology, with zero commission. The virtual card is issued online on the Weld Money platform. In this case the verification of the person is used with the help of Diya.Pidpis.
All citizens of Ukraine over 21 years of age can apply for a Weld card.
You can register and get the card at the link:
https://unexbank.ua/ru/castnym-klientam/karty/weld-card