San Diego-based cryptocurrency company Edge has announced the launch of a private crypto Mastercard that does not collect KYC data or charge transaction fees. The Edge website notes that “there is no name or address associated with [the] Edge Mastercard, giving privacy advocates peace of mind.
Edge Introduces Privacy-Focused Crypto Mastercard
Digital currency firm edge announced the launch Edge Mastercard, a downloadable crypto debit card that does not collect KYC data. Edge spoke about Mastercard on Twitter and told the company’s followers: “Zero fees. Instant top-up – with Edge Mastercard, now everyone can spend BTCdoge, RUSH UP, LTC, [and] BCH instantly without requiring any personal information.” Blockspace.io founder Gabe Higgins backed Edge for Mastercard’s new privacy-focused cryptocurrency.
“Thanks to Edge for sticking to their original vision of providing an easy way to protect [and] use bitcoin without sacrificing privacy.” – Higgins tweeted on Wednesday. The Edge Card web page explains that Mastercard’s cryptocurrency is not only private, but complies with today’s financial laws. “Your Edge Mastercard does not have a name or address associated with it, making transactions completely private when using your card,” the Edge website says. The web page further states:
We protect your privacy by complying with all issuer, card association, regulation, local, federal and international laws.
Edge Co-Founder Paul Puey Proudly Announces ‘Personal Information Free’ Mastercard
While there is no charge to use the Edge Mastercard, the physical version of the card costs $20. The card is accepted wherever Mastercard is supported and the maximum load threshold is $1,000 per day. Edge co-founder Paul Puey explained on Wednesday that the chief executive is excited to offer a privacy-focused crypto Mastercard.
“Proud to announce the release of the Edge Mastercard, which requires no personal information to activate or use,” Puey wrote. “Spend privately at any U.S. merchant that accepts Mastercard.” Edge, officially known as Airbitz Inc., was founded in 2014 by Paul Puey, Damian Cutillo, Scott Morgan, Tim Horton and William Swanson. In addition to the new privacy card, Mastercard Edge has recently implemented the Bitpay payment protocol, a protocol that enables accurate payments in cryptocurrencies.
What do you think about Edge launching a privacy-focused crypto Mastercard? Let us know what you think about it in the comments section below.
Denial of responsibilityA: This article is for informational purposes only. This is not a direct offer or solicitation to buy or sell, nor is it a recommendation or endorsement of any products, services or companies. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is directly or indirectly liable for any damage or loss caused or alleged to be caused by the use of or reliance on any content, goods or services mentioned in this article.
Credit : news.bitcoin.com