Nearpay Launches Virtual Crypto Cards And Wallet Apps For Ios And Android

Nearpay Launches Virtual Crypto Cards And Wallet Apps For Ios And Android – Spin has grown exponentially and launched the Mainnet with a trading volume of over 150,000 USDC and 10,000 trades in 2 weeks, and we are not stopping there. Our team is constantly working to improve our functionality; we will add new trading pairs, integrate new order types and improve the GUI.

Today we would like to announce that we are expanding our partnership and cooperation with NearPay. An easy-to-use payment solution integrated with the flexible and reliable Web3 ecosystem, the NEAR protocol.

Nearpay Launches Virtual Crypto Cards And Wallet Apps For Ios And Android

Nearpay Launches Virtual Crypto Cards And Wallet Apps For Ios And Android

Spin has partnered with NearPay to offer users a fast and secure fiat-to-crypto payment solution built on the NEAR protocol. We plan to integrate the NearPay widget that will simplify the purchase of cryptocurrencies with fiat currency to give you the opportunity to join the NEAR ecosystem and enjoy all the unique features of Spin.

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The NearPay widget will enable payments for online and offline merchants, marketplaces and software platforms. The partnership with NearPay will benefit users with the most flexible payment solution and end-user experience for fiat-to-crypto transactions.

Nearpay Launches Virtual Crypto Cards And Wallet Apps For Ios And Android

Founded in 2021 by Switzerland-based Kikimora Labs, NearPay is the leading solution for the NEAR protocol, offering users a convenient website for fast fiat-to-crypto transactions. NearPay aims to distribute virtual and physical prepaid cards to retail customers, further removing barriers to more efficient access to crypto payments.

The company aims to attract new users to the DeFi and NEAR protocol ecosystem by reducing the barriers that new companies may face to enter the crypto ecosystem. Therefore, it helps the company to develop and expand its products and services.

Nearpay Launches Virtual Crypto Cards And Wallet Apps For Ios And Android

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NearPay is an exceptional fiat-to-crypto gateway that provides secure and fast access to products built on the NEAR protocol and the entire DeFi space for retail users. NearPay is also a solution for merchants to grow their business globally by getting crypto payments with minimal fees, full transparency and high speed.

Launched in mid-June 2021, Spin is the first decentralized derivatives infrastructure and DEX chain order book on the NEAR protocol network. Spin creates an on-chain derivatives trading solution that enhances the competitive CEX user experience in DeFi.

Nearpay Launches Virtual Crypto Cards And Wallet Apps For Ios And Android

We have released several pairs on the main network, including USN/USDC and USN/NEAR pairs, as well as a swap feature that has the lowest fees in the market. We plan to add more features such as new pairs, other order types and of course derivatives trading.

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The partnership with NearPay furthers our mission to provide the best decentralized commerce experience. Only NearPay will help unlock the full potential of fiat-to-crypto payments powered by the NEAR protocol ecosystem, allowing Spin to be one step closer to a merchant experience on a centralized exchange.

Nearpay Launches Virtual Crypto Cards And Wallet Apps For Ios And Android

Spin is a DeFi derivative infrastructure built on the NEAR protocol, a reliable and scalable L1 solution. Spin’s on-chain order book solution provides DeFi users with a competitive CEX experience. Web3 users looking for an easy bridge between fiat (currencies like the US dollar and the euro) and crypto don’t have to wait any longer. Pay, the ecosystem’s first debit card and payment utility, now connects the worlds of fiat and crypto into one seamless user experience.

Pay, launched in late 2021 by Switzerland-based Kikimora Labs, announced its debit card waiting list in early March. Pay initially hoped to attract 1,000 users to its waiting list, but in less than a week it has grown to more than 18,000.

Nearpay Launches Virtual Crypto Cards And Wallet Apps For Ios And Android

The Pre Launch

“We hope that people will accept the card product, but we certainly do not expect many people to show interest,” said Ilya Romanov, Pay’s head of marketing. “We appreciate the support of the community. And now we are working hard to deliver the product that people have been waiting for.

Pay is a debit card available as a physical card and a mobile app that will be released later this year. Pay offers a variety of features for consumers, developers and merchants to make quick transactions and payments using their preferred cryptocurrency, including .

Nearpay Launches Virtual Crypto Cards And Wallet Apps For Ios And Android

“You won’t be able to see the difference between crypto and fiat payments,” Pay’s website says. “Simple. Fast both ways.”

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Pay also allows users to track spending through the app and offers top security to keep their accounts safe. Although some details are still being worked out, the Pay card will support 3DSecure and be Verified by Visa. Features such as spending limits will also be available, and the full feature set will be available in late March or early April.

Nearpay Launches Virtual Crypto Cards And Wallet Apps For Ios And Android

The Pay team believes that crypto debit cards will be one of the easiest ways to dive into cryptocurrency, making it a seamless part of everyday life.

Consumers can top up their Pay card balance and use it for instant purchases. “The card will be user-oriented, but it will also support other cryptocurrencies,” said Ivan Ilin, Chief Operating Officer at Pay.

Nearpay Launches Virtual Crypto Cards And Wallet Apps For Ios And Android

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Pay offers several tools for developers interested in using cards for their applications and projects. To get started, Pay offers plug-and-play utilities, easy-to-use documentation, web notifications and APIs, and a developer console.

“We provide developers with a simple API with SDK,” said Ilin. “Integration can be done through the website or mobile application. We offer a merchant dashboard where you can see all transaction statistics.

Nearpay Launches Virtual Crypto Cards And Wallet Apps For Ios And Android

Pay also helps integrate traditional businesses into the global Web3 ecosystem. The team created a merchant payment gateway with no transaction or setup fees, allowing businesses to accept cryptocurrencies for all goods and services, while a convenient dashboard allows businesses to view payment information, invoices and more.

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“For business, we support two scenarios: fiat-to-crypto to user’s wallet and fiat-to-crypto to merchant’s wallet for a specific order,” explained Ilin. “We work with NFT markets, DeFi projects and more.”

Nearpay Launches Virtual Crypto Cards And Wallet Apps For Ios And Android

The paid widget is currently covered in 56 countries and supports 27 currencies. The Pay team is currently working on supported countries and currencies and reducing transaction fees for users.

“Our first map will be made for Europe,” Ilin said. “But we plan to cover all countries, including the United States and Asia.” The range of products is designed to help anyone buy, store and use cryptocurrencies as easily as fiat currency. The power of crypto is at your fingertips.

Nearpay Launches Virtual Crypto Cards And Wallet Apps For Ios And Android

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CPS Solutions OÜ is a company registered in Estonia (registration code: 16063623) with registered address at Harju maakond, Tallinn, Haabersti linnaosa, Meistri tn 16, 13517. CPS Solutions OÜ has received license FVT000413 to provide virtual exchange and wallet services. See our service conditions and, if necessary, consult an expert.

CPS Transfers Limited is a company incorporated in England and Wales (company number: 10311113) whose registered address is 8 Devonshire Square, Spitalfields, London, EC2M 4PL. CPS Transfers Limited is registered by the Financial Conduct Authority (FCA) under the Payment Services Directive (FRN: 776056) as a Small Payment Institution (SPI).

Nearpay Launches Virtual Crypto Cards And Wallet Apps For Ios And Android

In the UK, your Visa Prepaid Card is issued by PayrNet Ltd under license from Visa. PayrNet Ltd has been authorized by the Financial Conduct Authority to carry out electronic money service activities under the Electronic Money Regulations 2011 (Ref: 900594). CPS Transfers Ltd is the card scheme administrator. Please note that the Visa card is an electronic money product and although it is a product regulated by the Financial Conduct Authority, it is not covered by the Financial Services Charges Scheme. We ensure that the funds you receive are kept in a separate account, so that if PayrNet Ltd is unable to pay, your funds are protected from creditor claims.

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In the EU, your Visa prepaid card is issued by UAB PAYRNET under Visa’s license. The Bank of Lithuania authorizes UAB PAYRNET to provide electronic money services in accordance with the Law on Electronic Money and Electronic Money Institutions (ref. LB001994). CPS Transfers Ltd is the card scheme administrator.

Nearpay Launches Virtual Crypto Cards And Wallet Apps For Ios And Android

Ultiment s.r.o., a company registered in the Czech Republic, whose registered address is Bílkova 855/19, 110 00 Prague, Czech Republic. Ultiment s.r.o. has obtained a trade license to provide services related to virtual assets.

The information on this website is not intended for residents of the United States or certain countries or jurisdictions where its distribution or use would be contrary to local laws or regulations. The worlds of fiat and crypto are finally connected when NearPay launches its crypto card and virtual wallet app.

Nearpay Launches Virtual Crypto Cards And Wallet Apps For Ios And Android

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NearPay has launched a virtual crypto card along with a wallet available on iOS and Android. The NearPay platform allows users to use traditional financial instruments such as bank accounts or credit cards to send, receive and exchange cryptocurrencies.

In addition, NearPay allows users to issue virtual Visa debit cards that allow them to spend cryptocurrency on online purchases with instant conversion to fiat upon purchase.

Nearpay Launches Virtual Crypto Cards And Wallet Apps For Ios And Android

The service will initially be available throughout the European Economic Area, with the addition of the UK.

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The NearPay wallet currently supports 38 cryptocurrencies. This includes major cryptocurrencies such as BTC, ETH, USDT and obviously NEAR.

Nearpay Launches Virtual Crypto Cards And Wallet Apps For Ios And Android

“At NearPay, we have taken the best features of modern

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