Edge announces confidential no-KYC digital currency Mastercard
The company said there will be a $1,000 daily spending limit, but no personal information is required. On Wednesday, self-custody crypto exchange Edge announced a no-Know Your Customer (KYC) debit Mastercard that can be funded with Bitcoin and other digital currencies.Without KYC verification, users would be able to spend their crypto at more than 10 million merchant terminals in the United States. Currently, one can fund the Edge Mastercard using Bitcoin (BTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Litecoin (LTC) and Dash (DASH) directly from the Edge app.In a statement to Cointelegraph,....
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The San Diego-based cryptocurrency firm Edge has announced the launch of a confidential crypto Mastercard that doesn’t collect KYC data and doesn’t charge transaction fees. Edge’s website notes that there’s “no name or address associated with [the] Edge Mastercard” giving privacy advocates peace of mind.
Edge Reveals Privacy-Centric Crypto Mastercard
The digital currency firm Edge has announced the launch of the Edge Mastercard, a loadable crypto debit card that doesn’t collect KYC data. Edge revealed the Mastercard on Twitter and....
Edge’s new card will not collect KYC data used to determine a person’s identity giving complete privacy and instant transfers with no fees.
NFT-focused blockchain startup bitsCrunch has announced its upcoming partnership with leading payments service provider MasterCard. Set to be incubated through MasterCard’s Start Path program, a global startup engagement program designed to help startups scale, bitsCrunch and MasterCard aim to provide cutting-edge collaborative solutions to consumers. The MasterCard Start Path offers a diverse suite of startup […]
The risks presented by digital currencies far outweigh the benefits, MasterCard has claimed. The global payment processor made these comments in its submission to the UK Treasury's call for information on digital currencies last November. According to the four-page submission, obtained by CoinDesk via a freedom of information request, MasterCard doesn't believe digital currency has many, if any, strong benefits. It attacks claims of digital currency's low transaction costs, low payment processing time and strong system safety. The document reads: "We would argue that, when compared to....
Do you hear that? The ringing bells? See the flashing lights? Feel the Earth shake just a little? Is your "Spidey Sense" tingling? If your name were Mastercard, the answer would be "Oh, hell yeah!", because they are in the path of a train that is barreling down upon them. That train is Bitcoin, and the track this week is located in the Australian Senate, where Mastercard made a plea derail this train before it's too late (for Mastercard). Mastercard Attacks Bitcoin. MasterCard has used a submission to a Senate inquiry to argue for Australian regulators to move against the pseudonymity of....