EML Payments powers CoinJar's new CoinJar Card with Mastercard. The fully-featured debit card allows customers to make purchases by instantly converting cryptocurrencies into fiat currency, everywhere Mastercard is accepted. CoinJar partnered with EML to provide customers with seamless and lightning-fast transactions, no matter where in the world CoinJar Card is used.
CoinJar Card represents a defining moment for the U.K.'s crypto space with a GBP-native, cryptocurrency-to-fiat Mastercard that can be activated and used in seconds, all from within CoinJar's app. Available as a digital and physical card with Google Pay integration, CoinJar Card works with close to 50 cryptocurrencies. There are no ongoing fees, and a low 1% conversion rate is returned to customers through an in-house rewards programme.
Asher Tan, CEO at CoinJar, said: ''CoinJar Card is the next step in our mission to make crypto both accessible and useful, to everyone, every day.”
''With EML's technological expertise and Mastercard's universal acceptance, CoinJar Card gives CoinJar's customers true day-to-day crypto functionality, whether through smartphones, wearables, digital or eye-catching physical cards,'' noted Lorraine Buhagiar, U.K. Managing Director at EML.
CoinJar has already helped users conduct billions of dollars worth of transactions in Bitcoin, Ethereum and other cryptocurrencies with over 500,000 customers in the U.K. and Australia. CoinJar Card gives users a simple, secure and seamless way to bring crypto into the real world, one purchase at a time. Building on CoinJar's much-hyped sponsorship of Premier League newcomers Brentford F.C., CoinJar Card is a further statement of intent from one of the U.K.'s most exciting crypto exchanges.