NearPay, a crypto finance protocol, has officially launched virtual crypto cards and its Wallet for iOS and Android to bring the modern digital banking experience to the world of crypto.
NearPay Wallet is now available on all platforms, including Web, iOS and Android. NearPay enables people to buy crypto using your credit card or a bank transfer, seamlessly send, receive and exchange it, or make withdrawals directly to your bank account.
In addition to that, users will be able to instantly issue a virtual Visa debit card which lets them spend their crypto for online purchases with automatic conversion to fiat. The service is available to residents of the European Economic Area (EEA) and the UK.
NearPay Wallet already supports 38 cryptocurrencies, including NEAR, BTC, ETH, and USDT. Aside from crypto payments and conversion, conventional bank transfers in EUR and GBP are also available. In the near future, Wallet will provide earning rewards with a compound rate of up to 15.81 per cent API without any deposit or withdrawal fees. NearPay Wallet aims to be the best way to explore crypto by combining high levels of security with ease of use.
“At NearPay we have taken the best features of modern digital banking and brought them to the world of crypto to create a simple interface that makes managing all your finances, both fiat and crypto, easier than ever”, said Ivan Ilin, COO at NearPay. “With our newly launched iOS and Android apps our customers can access NearPay Wallet on the go and instantly get virtual crypto cards to spend their assets without converting them in advance“.
According to Insider Intelligence, payments made using cryptocurrencies will surpass $10 billion in total transaction value globally for the first time in 2022, while 60 per cent of crypto owners are interested in using crypto as a payment method to make online purchases more private or secure.
While certain retail fintech apps allow customers to purchase crypto what they’re actually buying is a synthetic asset that can’t be withdrawn. NearPay Wallet, on the other hand, is a custodial wallet that lets users directly own crypto assets.