Payments
EQIFI intros cryptocurrency Mastercards
November 10, 2021
EQIFI, a decentralized finance platform, has launched its cryptocurrency Mastercards. With these cards, users can make purchases in-store and online with digital assets such as bitcoin, Ethereum and ERC-20 tokens, according to a press release.
The card has an EMV chip and PIN capabilities, and users must complete know-your-customer verification protocols to receive the cards. It converts assets to fiat currency at point of sale, but EQIFI plans in the future to allow users to spend cryptocurrency directly spent through the debit cards.
"We are tremendously excited to bring EQIFI's debit cards to our current and future users. This is a major step towards combining the benefits of DeFi with mainstream, traditional banking and payments processes," Brad Yasar, CEO of EQIFI, said in the release. "Having a physical, tangible product that our users can incorporate into their everyday lives illustrates how DeFi is steadily revolutionizing financial practices. By combining DeFi, crypto, and traditional payment rails the future of finance is well and truly here."
