Crydit is a blockchain-based payment processor that has unveiled an innovative product that will revolutionize cryptocurrency payment in the market through the Unlimited Crypto Card. This innovative solution can effectively solve the main problem of the development of cryptocurrencies and their acceptance by merchants. Thus, Crydit offers users the ability to use cryptocurrencies as a means of payment for goods and services while merchants receive payments in fiat currencies.
The launch of the Unlimited Crypto Card by Crydit is a major achievement for the crypto payment industry. This card enables the users to use their digital currency just like the debit card for making purchases. Since there are no restrictions on how much you can spend, one can order anything from a cup of coffee to a brand-new car. It is applicable anywhere the Mastercard logo is embraced, which makes it incredibly flexible and easy to use for those in cryptocurrencies.
Crydit is revolutionizing daily transactions by integrating conventional financial systems with the new blockchain technology. Crydit’s main values are Security, openness, and customer satisfaction which cooperates with market giants like Mastercard and Danske Bank to guarantee the quality of the services provided. The acquisition of a European Virtual Asset Service Provider (VASP) license proves Crydit’s commitment to compliance and customers’ safety.
The key feature that sets Crydit’s Unlimited Crypto Card is the possibility of making purchases from $1 to $100,000 which means that a user can buy even a cup of coffee or a luxurious car like Lamborghini. This card behaves like a regular credit card and can be used to make purchases at various outlets including luxury stores and for subscription services.
Security and Compliance
Crydit ensures the safety of the users’ funds by working with reliable fund custodians like COBO and CEFFU. It has decentralized on-chain addresses for users and they are free to check their asset balances at any given time. The company’s legal compliance can also be observed through its membership in the Money Service Operator (MSO) and its VASP license in Europe.
Independent On-Chain Address
Every Crydit user has his or her on-chain address to maximize transparency and control over the assets. This feature makes it possible for the user to be up to date with their balances and transactions.
Trustworthy Partnerships
Crydit partners with Mastercard and Danske Bank, which guarantees the safety and recognition of its services all over the world. They also increase the reliability and safety of Crydit’s products and services.
Genuine Debit Card Backed by Mastercard
While VCCs are just digital accounts linked to a user’s credit card, Crydit provides a real debit card from Mastercard. Like a bank account, this card is easy to use and is easily recognizable for users. Therefore, the payment is secure.
Zero Hidden Fees
Crydit does not have any hidden charges and the charges are very clear to the client. Consumers are offered zero annual fees as well as zero foreign transaction fees. The exchange rates used are derived from the European Central Bank public rate and a small markup of 1. The cost structure for this solution is 5% of each transaction, which is relatively more favorable than financial products.
According to CoinGabbar, Crydit’s Unlimited Crypto Card is a product that will help to change the existing situation in the sphere of payments with cryptocurrencies by integrating digital assets into the existing financial system. Due to its high security, compliance with the legislation of many countries, and widespread acceptance, the card is a safe, convenient, and universal means for using cryptocurrencies. As Crydit grows and seeks to offer new services to its clients, it holds the principles of security, compliance, and user satisfaction as its priorities to further introduce cryptocurrencies into people’s everyday lives.
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