CoinJar Launches Australia’s First Cryptocurrency Mastercard

August 03, 2021, 1:00 PM AEST - 1 year ago

MEDIA RELEASE: Melbourne, August 3, 2021: CoinJar, Australia’s longest-running cryptocurrency exchange, is thrilled to announce the launch of CoinJar Card, a fully-featured Mastercard that lets customers spend their cryptocurrency like cash, wherever Mastercard is accepted.

Available as a physical and digital card, with both Apple Pay and Google Pay integration, CoinJar Card works with 30 different cryptocurrencies and boasts no ongoing fees and a low 1% conversion rate – returned to customers via an in-house rewards program.

CoinJar Card is the next step in our mission to make crypto both accessible and useful, to everyone, every day.

Asher Tan, CEO, CoinJar

Building on the industry-shaping success of CoinJar Swipe, the world-first crypto EFTPOS card that CoinJar customers have been using since 2015, CoinJar Card represents a threshold moment for the Australian cryptocurrency scene: the first AUD-native cryptocurrency card on the Mastercard network.

CoinJar has once again partnered with EML (ASX:EML) – who helped bring CoinJar Swipe to life – to provide customers with seamless and lightning-fast payments, no matter where in the world CoinJar Card is used.

“Thanks to Mastercard’s universal acceptance and EML’s technological expertise, CoinJar Card gives our customers true day-to-day crypto functionality – whether it’s through their smartphone, wearable or eye-catching physical card,” says Tan.

With more than half-a-million customers in Australia and the UK, CoinJar has already helped its users conduct billions of dollars’ worth of transactions in Bitcoin, Ethereum and other cryptocurrencies. CoinJar Card gives those users a simple, secure and seamless way to take their crypto into the real world, one purchase at a time.

CoinJar Payment via Apple Watch

Further Details About The Card

  • It will be a prepaid Mastercard that will work online and in-store, worldwide, wherever Mastercard is accepted.
  • It will be completely free to order with no monthly / annual charges – both in the physical and digital form.
  • There is a 1% fee to convert crypto to AUD at the time of the purchase.
  • CoinJar will provide 1% back in CoinJar Reward Points that can be redeemed here.
  • ATM withdrawals will be available with the physical card.
  • Apple and Google Pay will be available with both digital and physical cards.

About CoinJar

CoinJar is the simplest way to buy and sell cryptocurrency. Founded in 2013, and operating in both Australia and the UK, our mission is to create best-in-class apps and products that make it easy for customers to access and use cryptocurrencies such as Bitcoin, Ethereum and more.

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