Mastercard to Bring Bitcoin to Australia: Crypto-Linked Card Underway

Australia is poised to experience a significant leap in cryptocurrency accessibility as Mastercard plans to launch a crypto-linked card, enabling seamless Bitcoin and other crypto spending.

Ebonex Leads the Way with Principal Membership

Ebonex is the first Australian bitcoin and crypto exchange that attained Principal Membership with Mastercard to self-issue crypto-linked Mastercard cards. This groundbreaking achievement positions Ebonex at the forefront of crypto adoption in Australia.

Mastercard Crypto Credential Pilot Program

According A select group of crypto wallet users will leverage Mastercard Crypto Credential on a first-come, first-serve basis. This pilot program showcases Mastercard's commitment to secure and verifiable crypto transactions.

Wider Crypto Access on the Horizon

The initial program will pave the way for greater accessibility. Wider availability will roll out to more than 7 million users across the Mastercard network, making it easier than ever for Australians to use their crypto assets in everyday transactions.

Mastercard Beats Visa to the Punch

Mastercard has beat Visa to the punch to launch Australia’s first crypto-linked card with crypto exchange CoinJar. In a recent press release, through CoinJar’s sister company, users will gain access to a seamless crypto spending experience. This partnership highlights Mastercard's proactive approach to integrating cryptocurrency into its payment ecosystem.

What This Means for Australian Crypto Users

The introduction of Mastercard's crypto-linked card signifies a major step towards mainstream crypto adoption in Australia. Users will be able to effortlessly convert and spend their Bitcoin and other cryptocurrencies at millions of merchants worldwide that accept Mastercard. This development simplifies crypto spending and offers a convenient alternative to traditional payment methods.