American consumers flock to the BitPay Mastercard

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New data from BitPay indicates that American consumers are flocking to load the first Mastercard branded BitPay card with top digital assets. The popular crypto payment services provider debuted the new card in June 2020 and the firm’s transactions reached a new high in July. The data also shows how using of crypto cards is changing, with more traders choosing to load with a selection of top digital assets.
BitPay, which is the Atlanta-based crypto services provider, has recently released blockchain payment statistics that reveal how the market performed in 2020. The data signals strong support from U.S. consumers for the company that announced its first Mastercard branded card some months ago.
According to the statistics, the total number of crypto transactions processed through BitPay across all supported coin types reached a new high in July of almost 110,000 transactions. They also show a stable month over month growth trend in processed transactions since March.
The popularity of BitPay services for making and accepting cryptocurrency payments learns us about the widespread usage of top assets in the whole market. The BitPay statistics show that while bitcoin is still the most used crypto, it is steadily losing ground in terms of load dominance. This happens as traders are switching over to a variety of top digital assets such as BCHETHXRP and the stablecoin USDC, to load their cards.
Crypto cards make it easy to pay for daily purchases, safe for beginners to use crypto, and expand the adoption of digital assets. But not all cards are the same, and the Mastercard branded BitPay card has several advantages that make it superior to all other cards available in the market.
The Mastercard branded BitPay card offers instant conversion which means that traders don’t have to worry about volatility of the crypto assets they load up with – any amount they load is immediately converted to dollars and there are no multiple conversions for each transaction they make. This is in sharp contrast to other crypto cards that only operate on a spend as you go model, converting the stored cryptocurrency to  U.S. dollars each time a payment is made and leaving its value to fluctuate in the meantime.
Another advantage of BitPay is that the card has very high limits in comparison to other crypto cards. Traders can load up to $10,000 per day, spend up to $10,000 per day and withdraw up to $6,000 a day in total at ATMs. The Mastercard branded BitPay card also has no conversion or load fees, so users are only left with network and miner fees that can be very low if they select an option such as BCH or XRP.
The new BitPay card enables users to spend money anywhere Mastercard is accepted, online and in stores. And it comes with a virtual card that can be used immediately after enrollment. The card is supported by a new app that can be used to lock cards, monitor transactions and load. For users that need human assistance, English speaking agents are available with a phone call or email.
Security is one of the key feature of the Mastercard branded BitPay card, as it includes EMV chip and supports safe contactless payments – which is necessary for keeping healthy these days.
Moreover, the Mastercard branded BitPay card should also be especially popular among the bitcoin cash community as statistics show BCH is the top alternative to BTC among the company’s clients. BitPay has processed over 25,000 BCH transactions so far.
In general, BCH represents about 4% of BitPay transactions, ranking as the number two preferred payment method. It is followed by ETH at number three and XRP is at fourth place. The company also says that bitcoin cash is most used to buy gift cards and load the BitPay Card or the cards of its many partners. Online gaming is the second most popular use of BCH, followed by purchasing gold.

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