Fintech Startup Edge Release First Confidential Bitcoin Mastercard
- Tech startup Edge has just released the first private bitcoin mastercard. The card does not require KYC data nor any transaction fees. The card can be either digital or physical, and can be loaded on the Edge with instant transfers.
San Diego-based startup Edge released the first “Confidential” bitcoin Mastercard which does not require know-your-customer (KYC) data used for collecting information related to identity, via an announcement from the company.
“There is no name or address associated with your Edge Mastercard, making for completely private transactions when your card is used,” stated the companys’ website. “We protect your privacy while complying with all requirements for issuers, card associations, regulations, local, federal and international laws.”
Users looking to take advantage of the card will simply need to sign up for an Edge account which will prompt the user to activate a digital card within the Edge app. The account will be funded instantly with assets. You can also order a physical card within the app if you prefer to use it.
There are no fees associated with the Confidential Edge Mastercard, unless customers choose to purchase the aforementioned physical card, which will result in a one-time $20 fee. The card comes with a daily loading and spending limit of $1 ,000. There are no credit checks through third-party clients in order to access the mastercard.
Edge customers will also not need to worry about “pre-loading” funds onto the card, as funds are sent instantaneously once the transfer is initialized. The card can currently be used with Apple Pay. In the near future, it will also be compatible with Google Pay and Samsung Pay.