SwissBorg Partners with Mastercard to Launch Crypto Debit Card Across 30 Countries
- Multi-Asset Spending: Users can choose their main spending asset from a large number of choices, such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), BORG, and stablecoins like USDC, EURC, and USDG.
- Real-Time Conversion: The card uses SwissBorg’s “Smart Engine” to instantly change crypto to fiat at the point of sale, which lowers the risk of price changes during the transaction.
- Digital Integration: The card works with Apple Pay and Google Pay, so you can use it right away with your phone or wearable device, even before you get the card in the mail.
- Security First: Users can quickly freeze or unfreeze their card through the app, see their PINs safely, and use Mastercard’s 3D Secure protection for online purchases.
The highly anticipated crypto debit card from SwissBorg, a European-based wealth management platform, is now available thanks to a partnership with Mastercard, a global payments giant. This strategic partnership is rolling out in 30 countries. Its goal is to make it easier for people to spend their digital assets as easily as they do with regular money.
The partnership makes use of Mastercard’s large global payment network, which means that millions of stores around the world will accept the new SwissBorg card. The SwissBorg Mastercard lets you top up your fiat balance in real time, unlike prepaid cards that make you sell crypto to do so.
“This is more than a card. Every time you make a payment, your chosen crypto is converted to fiat in real time, giving you total control over your assets until the very moment of purchase.” — SwissBorg Announcement.
https://swissborg.com/blog/the-swissborg-crypto-card-with-mastercard
The Loyalty Model: Up to 90% Cashback?
The cashback program is one of the most aggressive things about the new card. The card is now part of SwissBorg’s Loyalty Rank system.
According to the launch details, users can get a lot of money back on their purchases, which will be paid out in the native BORG token. Standard tiers offer good rates, but top-tier users (like those at the Diamond or Elite levels) who stake a lot of BORG can get much bigger rewards.
This “Paid to Spend” model makes a circular economy because using a card creates buy pressure for the BORG token, since people often buy back the cashback rewards on the open market.
The “30 countries” rollout is mostly aimed at the European Economic Area (EEA). This includes big markets like France, Germany, Italy, and Spain.
SwissBorg can stay fully compliant with the European Union’s strict MiCA (Markets in Crypto-Assets) rules because it only works in this region. This makes sure that its users are safe and that the rules are followed.
