Bitmama - virtual crypto debit card for global spending
Introduction
Each day we come across crypto cards that allow you spend your money anywhere, it makes for much-needed variety. After all, there should be a way to spend crypto like fiat if it were to go mainstream. So Bitmama is another platform that is giving the crypto community another option to be able to spend crypto directly from a wallet when making fiat payments.
For those that travel a lot, a virtual card like Bitmama would be an important commodity. There will be no need to worry about getting local currency or even exchange rates. In this presentation, we take a good look at some features of Bitmama virtual crypto card.
Buy globally, pay locally
Bitmama is a virtual card that allows users to pay for online purchases from any location. Since the card does not have a physical equivalent, you just need to use your card characteristics to quickly complete payments online. The card supports big volume transactions since its monthly spending limit is up to $100,000. So whether a user is shopping for groceries, fashion accesories or paying for a meal in a restaurant, Bitmama cards could be used to complete the purchase.
Users can simply add money to their Bitmama crypto card by sending crypto directly to the card's wallet address. When adding money, users could choose to send USDT, cUSD or even USDC. Once the selected crypto is sent, it does not take time for the funds to arrive in the wallet. Even when the user run out of funds midway during shopping, they can quickly send funds and continue shopping.
When paying for stuffs in local currency, the Bitmama virtual card automatically converts the funds to USDT using the best exchange rates available at the time. This way, the user does not worry about how to purchase local currencies. The crypto card is not limited by location at all. It is supported by Mastercard. Hence, users are free to spend their money anywhere the Mastercard logo is found - that is globally.
It is interesting that Bitmama virtual cards are funded using stable cryptocurrency. This ensures that when users send funds into the wallet, they retain their value. Using other currencies might result in lost value as crypto prices are almost always going up or down. For the security, Bitmama card is completely safe with Mastercard multiple layers of security. This ensures that user founds are safe with the card.
Here is what the issuers of the card has to say about it:
The Bitmama Virtual Crypto card works like any other credit card. But, instead of using funds from a bank account, you will fund the card from your crypto (stable coins) wallet on Bitmama. The stablecoins will be converted to US dollars in your card. After funding your card, you are ready to use it anywhere Mastercard is accepted. Use the Bitmama virtual Crypto Card to make payment for international transactions in USD. source
Other features
The Bitmama crypto card comes in 3 main color designs. While signing up for the card, a user might decide which color is best for them. Like it was mentioned above, a spending limit is placed on the card which is $100,000 every month. Because the card is virtual and not physical, users are not to pay any fees to obtain the card.
When using the card to pay, users might choose to use it from the website or the mobile app. These are the two main ways to use the card - both to fund it and make payments. Since payments are made in UD dollar, there is no need to worry about merchants that do not support crypto payments. They wont even know that the card is denominated in crypto. Payments are swift and straightforward.
To get the card, a user needs to create an account through the mobile app or website. New users would be expected to complete their KYC before they are allowed to use the card. A standard government ID card is part of the KYC procedure. There are 3 levels of verification which must be completed before the card is issued. Once this is successful, your Bitmama crypto card could be used to make payments. There would be no need to wait. Just fund it and start paying.
For those that would love to use the mobile app, Bitmama app is available both for iOS devices and Android. Just check out the respective stores of these platforms and download your app for free. From there, you could start spending crypto in seconds. Otherwise, you can use Bitmama from their official website here.
Great for travelers and everyone
This is a quick review of another crypto debit card. If you travel a lot, then this card might be for you. No language limits, not limited by location too. Use it everyone as you move. Learn more about the terms of service of this card. Useful links are found below:
note: thumbnail is from pixabay
Posted Using InLeo Alpha
I make use of Bitmama
I was in the NYSC camp when they told us about it
I was able to buy airtime with it