It can be used in more than 92 million merchants worldwide where Mastercard is accepted.
A debit card that can be used to make payments by deducting the balance from your cryptocurrency wallet.
Oubita, a fully licenced platform specialised in cryptocurrency services that operates internationally, together with Mastercard and Pecunpay launches a debit card to pay with cryptocurrencies.
With the slogan “This is not a card, it’s the key to the future”, customers will be able to use the Oubita Card, a Mastercard debit card, that allows cryptocurrencies to be converted into euros in real time when making transactions and purchases at all physical and online establishments that accept Mastercard worldwide.
The funds to be withdrawn when using the Oubita Card will be deducted from the associated crypto wallet in the order of preferences that the customer has chosen. At the moment it will be possible to pay with USDT, BTC, ETH, MATIC, SOL, DAI, DOGE.
In order to obtain the digital or physical Oubita Card, customers must be registered on the platform and must have completed the verification process that aims to provide users with more security.
In addition to using the card in all establishments that accept Mastercard, customers will be able to withdraw money from ATMs and use it for virtual payments by adding the card to Apple Pay or Google Pay. For the time being, only people resident in Spain will be able to apply for the debit card.
For Sergio Gualix, CEO and Founder of Oubita, “with the launch of this card we respond to the existing current demand in our society providing security, transparency and innovation. With the Oubita Card, customers will be able to pay instantly with their crypto-assets in authorised establishments as the cryptocurrencies will be integrated into the Mastercard network as traditional fiat currency”.
From Pecunpay, Antonio García Cruz points to an increasing confluence between fiat and digital money, “cryptocurrencies are already a new reality within the various possible forms of payment and that is where Pecunpay acts as a bridge between fiat and digital money”.
Jaime Rentero, commercial director of the same entity, highlights that, “Oubita is a strategic client for us to whom we have offered all our know-how in payment methods to offer a flexible, innovative and secure solution for its card programme”.
Oubita aims to increase its offering of virtual currencies to 100 cryptocurrencies before the end of the year. Currently it offers customers the possibility to buy and sell BTC and other cryptocurrencies, as well as to exchange cryptos for fiat money and vice versa; and on top of that, to store digital money.