Edge has stated that its new crypto card will not require any personal data from the user.
The company that developed the popular Edge crypto wallet announced today about the release of its new Confidential Mastercard, which requires no identification (KYC) to use. According to Edge CEO Paul Puey, you won’t need a name, phone number, or email address to use the card, just 15 seconds of free time.
In addition to privacy, the new product has another plus. According to Puey, there is still a large percentage of people who, for one reason or another, cannot open a bank account.
The new card is not only for Bitcoin (BTC), users will be able to top up their card with cryptocurrencies such as Dogecoin (DOGE), Dash (DASH), Bitcoin Cash (BCH) and Litecoin (LTC). The card is already ready to accept some sellers in the US. For the first time after launch, Edge Mastercard users will have a $1,000 daily spending limit. Apple Pay only. Google Pay and Samsung Pay will be added later.
In order to replenish the card, users will need to sell their cryptocurrency in their wallet and send the received dollars to the card account. There is no refill fee. According to Puey, those who want to make purchases on the Internet with a card can easily do this with the help of bank details.
Recall that in April, the cryptocurrency lending platform Nexo announced plans to issue a card with which the company’s customers will be able to take loans secured by cryptocurrencies.
Source: Bits
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