Mastercard has been making headlines consistently as it ramps up efforts to offer crypto services across the globe. In a new partnership with CoinJar, Mastercard will enable the Australian market to spend cryptocurrencies within its fiat infrastructure. CoinJar’s blog post highlighted that the newly launched CoinJar Card will allow users to make purchases in crypto “wherever Mastercard is accepted.”
The CoinJar Card will be made available for users through digital and physical cards and Apple Pay and Google Pay integration. According to the official announcement, the card supports 30 cryptocurrencies, including prominent ones, such as Bitcoin (BTC), Ether (ETH) and XRP.
After users choose their preferred cryptocurrency for payment, CoinJar will convert the crypto into Australian dollars before making the transaction. The company’s announcement highlights having “no ongoing fees and a low 1% conversion rate — returned to customers via an in-house rewards program.” CoinJar CEO Asher Tan said the new partnership gives users day-to-day crypto functionality.
