Cryptocurrency Exchange CoinJar Signed An Agreement With Mastercard

Cryptocurrency exchange CoinJar signed an agreement with Mastercard. Mastercard accelerated its cryptocurrency-friendly strides.

In partnership with the Australian-based cryptocurrency exchange CoinJar, the payment provider will provide payment services with cryptocurrencies in Australia. According to the information obtained from CoinJar, the new cryptocurrency card will allow its users to pay with cryptocurrency wherever Mastercard is contracted. The service that CoinJar will provide will take place both as a physical card and as a virtual card thanks to Apple Pay and Google Pay integration. According to the official announcement, the card supports 30 cryptocurrencies. These include Bitcoin, Ethereum and XRP. When users use the cryptocurrency to make payments, CoinJar will convert the cryptocurrency to Australian dollars at an instant rate. The company also announced that it will not charge transaction fees from the card and conversion fees will be around 1%. In addition, the company will give back some of its revenue to users through reward programs. In addition, Mastercard recently announced that it has signed an agreement with a group of cryptocurrency companies. With the group, which includes Circle, Paxos, Evolve Bank & Trust, Metropolitan Commercial Bank, Uphold, BitPay, Apto Payments, i2c Inc and Galileo Financial Technologies, Mastercard wants to establish tighter ties between fiat and cryptocurrency.