Por favor verifica tu e-mail para tener acceso completo al Hub haciendo click al link enviado a youremail@gmail.com
Reenviar correo de verificación
💣 Viene la cita más poderosa con toda la cadena de pagos digitales de Latam. Reserva tu cupo a la Paytech Conf 2024

DeFi Fintech Bitybank launches card with Mastercard for cryptocurrency payments in Brazil

September 11, 2023
Por
Valor Econômico
Valor Econômico
A mais completa e admirada cobertura de economia, negócios e finanças. Notícias que geram negócios.
📷
LinkedIn
Debit card will allow customers' cryptocurrency balance to be used for purchases.
Contenido para Usuarios 🔒

Bitybank will launch a debit card in partnership with Mastercard to allow its customers to pay for products with the balance they have in their account, whether in Brazilian real or cryptoassets. Customers who have a certain amount of bitcoin (BTC) in their wallets, for example, will have the value of that drink deducted from the equivalent in bitcoin when they pay for a coffee. In practice, it's as if the user's cryptocurrency holdings functioned as the card's limit.

In a statement, Bitybank emphasises that the card will have no monthly or annual fees and that users will have the option of receiving cashback for transactions made. The customer himself will have the option of receiving this money back in reais or some cryptocurrency. Even those who don't choose to pay for their purchases with cryptocurrencies will be able to receive them as cashback, which is a way of encouraging people to enter this market.

"The card will allow new people to enter the cryptocurrency market with cashback, making it possible to accumulate bitcoins and other cryptocurrencies even when using Brazilian real as a form of payment," says Ney Pimenta, founder and CEO of Bitypreço.

Bitybank is the institution that resulted from Bitypreço's purchase of the broker Biscoint.

Las opiniones compartidas y expresadas por los analistas son libres e independientes, y de ellas son responsables sus autores. No reflejan ni comprometen el pensamiento u opinión de Latam Fintech Hub, por lo cual no pueden ser interpretadas como recomendaciones emitidas por la platafomra. Esta plataforma es un espacio abierto para promover la diversidad de puntos de vista sobre el ecosistema Fintech.

Bitybank will launch a debit card in partnership with Mastercard to allow its customers to pay for products with the balance they have in their account, whether in Brazilian real or cryptoassets. Customers who have a certain amount of bitcoin (BTC) in their wallets, for example, will have the value of that drink deducted from the equivalent in bitcoin when they pay for a coffee. In practice, it's as if the user's cryptocurrency holdings functioned as the card's limit.

In a statement, Bitybank emphasises that the card will have no monthly or annual fees and that users will have the option of receiving cashback for transactions made. The customer himself will have the option of receiving this money back in reais or some cryptocurrency. Even those who don't choose to pay for their purchases with cryptocurrencies will be able to receive them as cashback, which is a way of encouraging people to enter this market.

"The card will allow new people to enter the cryptocurrency market with cashback, making it possible to accumulate bitcoins and other cryptocurrencies even when using Brazilian real as a form of payment," says Ney Pimenta, founder and CEO of Bitypreço.

Bitybank is the institution that resulted from Bitypreço's purchase of the broker Biscoint.

Las opiniones compartidas y expresadas por los analistas son libres e independientes, y solamente sus autores son responsables de ellas. No reflejan ni comprometen el pensamiento o la opinión del equipo de Latam Fintech Hub y, por lo tanto, no pueden interpretarse como recomendaciones emitidas por la plataforma. Esta plataforma es un espacio abierto para promover la diversidad de puntos de vista en el ecosistema Fintech.

Este contenido es solo para
usuarios Prime 👑 del Hub.

Hacer upgrade ▸
Apoyado por:
Contacta al equipo
Hub Ranking:
#
Segmento:
DeFi 👾
País de origen:
Headquarters:
Franca, São Paulo
Monto inversión:
M
Ronda financiación:
Más novedades

Fintechs en
tendencia del Hub

No items found.

Brasil 🇧🇷

Ecosistema Fintech

Más Insights

Por
Simetrik
Simetrik
We are No-code SaaS tool for financial control automation. Automate, scale and optimize financial operations.
Paytech 💳

Nuestra comunidad

WHATSAPP
✨ Nuevo!
Tenemos un canal de Whatsapp donde contamos todos los movimientos en la industria.
Usuario pRIME 👑
Acceso ilimitado. Desbloquee la cobertura exclusiva, entrevistas con CEOs, eventos especiales y más.
Activar suscripción
RESUMEN SEMANAL
Todas las semanas envíamos a tu email un resumen con todos los avances en el ecosistema Fintech.
Abrir el Blueprint
Grupo de SLACK
Tenemos un grupo de Slack con todos los miembros registrados del Hub para que sigamos conversando.
uNIRSE AL GRUPO