Edge Announces Secret KYC Digital Currency Edge Mastercard. The company says a $1,000 daily spending limit will be a but doesn’t ask for personal information.
Edge Mastercard no KYC
On Wednesday, self-custodial cryptocurrency exchange Edge announced a KYC-free debit Mastercard that can be funded with Bitcoin and other cryptocurrencies.
There is no need to know your customer or KYC verification; users will be able to spend their crypto at more than 10 million merchant terminals in the US. Currently, one can fund Edge Mastercard in Bitcoin, Bitcoin Cash, Dogecoin Litecoin, and Dash directly from the company’s app.
In a statement to Cointelegraph, a representative at the crypto exchange said that the card complies with anti-money laundering and terrorist financing regulations because of the $1,000 daily spending limit (about $30,000 Monthly). Additionally, the card is only available for use at US commercial terminals.
“Without compromising any personal information and the usual fees or delays in recharging their cards, the Edge Mastercard is a real breakthrough for using crypto for payments. daily math.”
Paul Puey, the co-founder of Edge, commented.
Since there is no address associated with the card, users can enter any name and address for payment purposes when shopping online.
Aside from its security, the company claims that there are no fees charged on its new Mastercard card. When users sell their BTC for extra funds, the company uses spot exchange rates from third-party sites like Coinmarketcap without margin.
Edge Mastercard will be issued by Patriot Bank, NA, under license from Mastercard International and powered by fintech company Ionia. Edge says that it has more than 1.7 million accounts across 179 countries on its self-custodial cryptocurrency trading platform.
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