![]() Bitcoin, Bitcoin Cash, Gemini USD, Circle USD Coin, and Paxos USD settlements are supported in 233 nations. Currently, BitPay supports settlement in eight currencies and direct bank deposits in 38 countries. There’s a fee of 9.95 that covers the cost of issuing and a dormancy fee of 5 a month following a 90-day period of inactivity. To apply, it is necessary to provide a home address, a valid government-issued ID and social security number. Prior to joining BitPay, Lester served as CEO and board director of ThingTech. Bitpay’s crypto card is available to U.S. As COO, Lester will oversee the companys blockchain product innovation, according to a press release. You can also use it to withdraw cash at any ATM compatible with Mastercard. BitPay, a bitcoin provider and cryptocurrency payment services company, has appointed Jim Lester as its first COO. The BitPay Card allows businesses to accept Bitcoin as payment and get direct bank deposits in the currency of their choice for a flat 1% settlement charge. The BitPay Card can be used at any vendor that accepts Mastercard debit cards. The BitPay Card works as a reloadable prepaid debit card, but not as a credit card. In addition to payment services and the BitPay Card, BitPay also offers a BitPay Wallet app where you can manage and spend Bitcoin or turn it into dollars and spend with your BitPay Card.The card can be used as a reloadable prepaid debit card, but not as a credit card.Founded in 2011 by Stephen Pair and Tony Gallipi, BitPay is a payment processor that enables businesses to accept Bitcoin as payment.The BitPay Card is a cryptocurrency debit card that allows you to use Bitcoin to make payments within Mastercard's network. ![]()
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