Bit2Me Exchange Combines Mastercards Retail Network and 9% Cash-back with New Debit Card

Bit2Me is Spain's biggest crypto exchange and the first company recognized by the Bank of Spain as a virtual currency service provider. Achieving these targets has proven integral for the Madrid-based company in expanding its products into the financial mainstream, most notably with the launch of the Bit2Me debit card.

The ideology behind the Bit2Me card is to bridge the gap between crypto and traditional finance whilst giving users up to 9% cash-back on spending. Utilizing Mastercard's global network of over 90 million businesses whilst offering the added freedom of mobile use via NFC-enabled smartphones and smartwatches is poised to be instrumental in attracting a more mainstream demographic of digital asset users.

Although offering comprehensive cryptocurrency support, the Bit2Me card has all the attributes of standard fiat debit cards, so users can make online transactions, contactless payments, and ATM cash withdrawals 24hrs a day.

Leif Ferreira, CEO and Co-founder of Bit2Me has talked about the lengthy process of development that was needed for the company to succeed in integrating the debit card with the Mastercard network and how the company can offer users such a high rate of cash-back, stating:

"Dozens of professionals have been involved in this project, and after two years of work, we have found the key to connect cryptocurrencies to the Mastercard payment network. To do this, we had to modify the transaction flow (which is part of the international card payment protocol) so that customers can use cryptocurrencies to pay instantly and transparently for businesses. Moreover, we have managed to add up to 9% cash back on purchases."

The Bit2Me card allows instantaneous, secure online payments and cash withdrawals at ATMs, without the need to make any prior manual exchange on the Bit2Me app. Just like regular debit cards, Bit2Me card users will not have to make any prior manual exchange between currencies, and will also benefit from high-level security protocols like the ability to instantly lock and unlock the card, configure its usage limits, and NFC support.

With even more features set for release this year, and a strong focus on traditional finance levels of excellence, Bit2Me COO and co-founder Andrei Manuel believe that the Bit2Me card has the potential to be the best cryptocurrency debit card in 2023, stating:

"Our mission is to bring the use of cryptocurrencies closer to everyone. Bit2Me Card allows you to use your cryptocurrencies easily and quickly in your day-to-day life. You can use cryptocurrencies, such as Bitcoin, or stablecoins, such as USDT, at physical or online stores."

The cryptocurrency market has enjoyed some stable growth over the last few months and in the process, there has been a notable increase in investor confidence with a total market capitalization increased to the tune of $300 Billion USD in January alone.

In addition to seasoned investors buying the dip, more general crypto users, and traditional finance people are returning to the market, and in doing so are looking for the next best crypto card for them to freely spend their digital assets. With a simple, yet streamlined service, massive Mastercard network, NFC support, and up to 9% cash-back, the Bit2Me card is a very hard option to ignore.