The Leading Edge? How This Wallet Allows Non-KYC Mastercard Payments - Chain Debrief

Skip to content Exclusives

Stories & News

Top Crypto Stories Hot New Projects & Protocols Newsletter Market Debrief Community Calendar Podcasts

Research

Research Reports Alpha Picks

Research Reports

Cryptocurrency

Into the Metaverse A Comprehensive Report

Cryptocurrency

Avalanche: Scaling Towards Digitizing the World’s Assets in a Decentralized Manner

Newsletter Learn

Beginner's Guide

Crypto Basics How To Trade with Crypto How To Buy NFTs Crypto Security For Beginners How To Earn Crypto What Is Play-To-Earn

Get To Know The Crypto World

Wallets Exchanges Layer 1s Layer 2s NFTs

Learn & Earn Crypto

Earn $10 worth of CRV

Understanding Curve Finance

CRV

Learn everything about Curve Finance, a decentralised exchange (DEX) running on Ethereum

Start Course

Earn $15 worth of BNB

The Binance Ecosystem

BNB

The Binance Ecosystem has more to offer than you imagine. Learn about them and earn free $BNB.

Start Course Cryptocurrency

Blockchains

Bitcoin

Ethereum

FTM

Solana

Polygon

Avalanche

Cosmos

View More

Coins

Stargate Finance (STG)

Atom (ATOM)

Cronos (CRO)

Fantom (FTM)

Polygon (MATIC)

MetisDAO (METIS)

Near Protocol (NEAR)

View More

Notable Trending Projects

View More No data was found Tools Company

About Us

Crypto and blockchain have changed one of the most important aspects of the world: money.

Chain Debrief aims to inform, educate, and connect the global investment community through our crypto guides, news, analyses, and opinion pieces.

Learn More

Careers

Marketing Design Content Creation

Follow Us on

Instagram

Youtube

Twitter

TikTok

PEXX Convert Currency USDT to USD USDT to EUR USDT to JPY USDT to GBP USDT to CNY USDT to INR USDT to KRW USDT to SGD USDT to VND USDT to IDR USDT to BDT Menu USDT to USD USDT to EUR USDT to JPY USDT to GBP USDT to CNY USDT to INR USDT to KRW USDT to SGD USDT to VND USDT to IDR USDT to BDT Top Stories

The Leading Edge? How This Wallet Allows Non-KYC Mastercard Payments

Yinliang August 11, 2022 4 mins read

The announcement on Edge’s official website reads “There is no name or address associated with your Edge Mastercard, making for completely private transactions when your card is used.” The announcement further added, “We protect your privacy while complying with all requirements for issuers, card associations, regulations, local, federal and international laws.”

Our philosophy on #cryptocurrency is simple: It’s about choice.

Mastercard is preparing right now for the future of #crypto and payments, announcing that this year we will start supporting select cryptocurrencies on our network. Read more: https://t.co/K9C8Z4IpQW

Mastercard News (@MastercardNews) February 10, 2021

Users will be able to spend their crypto at more than 10 million merchant terminals in the United States. Currently, one can fund Edge Mastercard in $BTC, $BCH, $DOGE, $LTC and $DASH directly from the company’s app.

Security

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 USD $1,000 daily spending limit. In addition, the card is only available for use at U.S. commercial terminals right now.

Edge can be used with Apple Pay with plans to integrate Samsung Pay and Google Pay soon. Later this month, users will be able to order a physical card for $20.

Full account creation and backup, with a BTC transaction received in 55 seconds ✅. Complete self-custody. The simplest way to be your own bank.

Bonus: if you can get into the account with the username and password you get the funds. Bet you can t 😉. pic.twitter.com/LDLoVbsObO

Edge (@EdgeWallet) August 8, 2022

“Without compromising any personal info, and without the usual fees or delays to top up their card, the Edge Mastercard is a true breakthrough for using crypto for day-to-day payments.”

Paul Puey, co-founder of Edge

As there is no address associated with the card, users can choose to enter any name and address when shopping online during payment.

Aside from its confidentiality, Edge claimed that there are no fees charged on its new Mastercard. When users sell their $BTC to add funds, the company uses spot exchange rates from third-party sites such as Coinmarketcap without any margin.

The Edge Mastercard will be issued by Patriot Bank, N.A., under license from Mastercard International, and powered by fintech company Ionia . Edge says that it has over 1.7 million accounts across 179 countries on its self-custody cryptocurrency trading platform presently.

A new revolution

In Puey’s words, “I can’t be more excited for the launch of the Edge Mastercard. Bitcoin users will finally be able to privately spend at thousands of merchants around the US without compromising any personal info and without fees or delays to top up their card!”

To utilise all features of the card, users must first sign up for an Edge account. This will allow them to activate a digital card within the Edge app.

[Editor’s Note: This article does not represent financial advice. Please do your own research before investing.]

Featured Image Credit: Chain Debrief

Read More: Digital Payment Application Revolut To Allow Cryptocurrency Trading in S’pore

Twitter Facebook Telegram LinkedIn Adoption News , Bank , Featured Buzz - Beginner , Top Crypto Stories

Explore Other Content

XRP Sheds “Stablecoin” Label and Surpasses Solana’s Market Cap Chain Debrief • December 2, 2024 Pump.Fun, The Memepad with Controversial Livestreams Chain Debrief • December 2, 2024 Polymarket, Where You Can Bet on Anything Chain Debrief • November 30, 2024

Explore Chain Debrief

Join Our Team Around the World

We are looking for thinkers and doers, builders and blowers of bubbles. Join us! Learn More

Learn About Our Roadmap

We are on our way to introduce new utilities to offer meaningful experience. Learn More

Discover Our Genesis NFT Collection

Opensea Roadmap Community Events

Catch Us On YouTube, Spotify & TikTok!

Youtube Spotify TikTok

Insights, Updates and Reports Right to Your Inbox

Enjoy all the following benefits from the Chain Debrief Team:

Weekly Market Insights Our Top Articles of the Week Coverage on the Latest Crypto Projects and Events In-depth Research Reports Product Releases Community Events

Follow Our Community

Discord

Facebook-f Instagram Youtube Twitter Tiktok Spotify LinkedIn

Chain Debrief’s vision is to help everyone make sense of the blockchain technology.

Quick Links

PEXX Top Crypto Stories Hot New Blockchains & Projects NFTs Newsletter PEXX Top Crypto Stories Hot New Blockchains & Projects NFTs Newsletter

My Account

My Dashboard My NFTs My POAPs My Rewards My Dashboard My NFTs My POAPs My Rewards

Resources

Tools Alpha Picks Research Reports NFT Calendar Tools Alpha Picks Research Reports NFT Calendar

Company

About Us Careers Agency Services About Us Careers Agency Services

Currency

USDT to USD USDT to EUR USDT to JPY USDT to GBP USDT to CNY USDT to INR USDT to KRW USDT to SGD USDT to VND USDT to IDR USDT to BDT USDT to USD USDT to EUR USDT to JPY USDT to GBP USDT to CNY USDT to INR USDT to KRW USDT to SGD USDT to VND USDT to IDR USDT to BDT PEXX TECHNOLOGY PTY. LTD. (ABN: 79 672 375 030) Facebook-f Instagram Youtube Twitter Telegram Discord Spotify LinkedIn Exclusives

Stories & News

Top Stories Market Debrief Hot New Projects & Protocols Podcasts

Research Reports

Cryptocurrency

Into the Metaverse A Comprehensive Report

Cryptocurrency

Avalanche: Scaling Towards Digitizing the World’s Assets in a Decentralized Manner

View More Learn

Beginner's Guide

Crypto Basics Exchanges Wallets NFTs Metaverse

Protocols

Layer 1s Layer 2s Bridging Adoption

DeFi

Staking Farming

Learn & Earn Crypto

Earn $5 in BTC

Fundamentals of Cryptocurrency

BTC

Learn the basics of cryptocurrency and how to protect yourself from crypto scams with this 6-part beginner-friendly course, created in collaboration with Luno Discover.

Start Course

Earn $5 in USDC

Basic Investment Strategies in Crypto

USDC

Not sure what to do with your crypto? It’s time to learn some popular strategies for investing.

miniBLOG 1.0