- The project is in beta testing
- However, registration for the card is already open.
- You can apply for participation in the test until March 21 inclusive
- Trustee crypto card will be accepted by MC terminals worldwide
Today, March 7, Ukrainian crypto-neobank Trustee Plus announced a partnership with payment giant MasterCard. As part of this agreement, the parties will issue a cryptocurrency card that can be paid through any MC terminal.
“Buy a cup of coffee with Tether? Or pay for a week of shopping with bitcoin without any preparatory operations? Will be done. Everything, as we can, is fast, profitable and convenient”, the bank said in a press release.
The project is currently in closed beta testing. You can become a member of the program by leaving an application in the “Card” section of the Trustee Plus application. Registration is open until March 21 inclusive. Click to proceed to the installation Here.
“We are deeply convinced that cryptocurrencies for everyone will become the same part of the daily routine as fiat money, but with much more significant opportunities” — emphasize at Trustee.
Trustee Plus launched in July last year. But the development team has been working together since 2016. They also have the Trustee Wallet crypto wallet in their portfolio.
Crypto-neobank offers users a number of significant advantages. This, for example, is a quick and convenient withdrawal of USDT to a fiat card, as well as transfers by phone number and abroad. More details at official website project.
How to apply for a crypto card
To apply for a Trustee Plus crypto card, you need to follow 4 simple steps.
- Download the Trustee Plus c app this page.
- Log in / register in the application and go to the tab Map.
- Click Apply.
- Ready! You are in line to receive your card.
Question answer
1. How difficult is it to get all the necessary licenses to issue a card in Ukraine? What are the main challenges your team faced?
The card is not quite released in Ukraine. More precisely, it will be produced in the European Economic Area, but for Ukrainians. This means that a Ukrainian can receive a card both on the territory of Ukraine and abroad. It is not limited only to Ukrainians, but is strongly directed at them, because Ukrainians now have a problem with obtaining such crypto cards on the territory of Ukraine. Another interesting thing is that we are preparing integration with the Diya portal, which means that the process of obtaining a cryptocard will be very simple. This function is not yet in the application, but it will appear there in the near future, all the technical details have already been done.
The most difficult part we faced when issuing a card was getting permission to issue cards and be able to use them. This is due to bureaucracy and regulation, which requires the fulfillment of all requirements related to the international funds transfer service and the regulator that controls the financial services market. However, from a technical point of view, all moments are absolutely simple.
2. How many cards are allocated for the initial issue?
We planned to issue 5,000 pieces. That is, the very first 5,000 people will receive a card for free.
3. Now many exchanges have suspended direct deposits and withdrawals. Is this a problem?
The problem with depositing and withdrawing funds on exchanges concerns only the hryvnia and work with Ukrainian bank cards issued in hryvnia. Therefore, it does not affect the receipt of the card in any way.
4. Can I pay with your card in the store? What are the commissions?
According to settlements in stores, it will be possible to pay using cryptocurrency at any outlet that supports the MasterCard payment network. The commission depends on the territory, it can be from 0% to 1%. For Ukrainians, we plan to reduce the commission on the territory of Ukraine down to zero.
More about Trustee and Trustee Plus
The crypto market attracts the attention of many newcomers, whose first problem is the safe storage of cryptocurrency. Therefore, the Incrypted team continues to look for simple, convenient and secure cryptocurrency wallets that will suit users with different levels of experience in the market and bank sizes. This time we are reviewing Trustee Wallet, so let’s take a look.
