by Jamie Redman
The San Diego-based cryptocurrency firm Edge has announced the launch of a confidential crypto Mastercard that doesn’t collect KYC data and doesn’t charge transaction fees. Edge’s website notes that there’s “no name or address associated with [the] Edge Mastercard” giving privacy advocates peace of mind.
** Editor’s Note: Edge has currently paused the privacy-centric crypto Mastercard for now and the company has addressed the pause in a blog post published on June 9. “Users will notice that the messaging on our website regarding the card has been temporarily removed and the use of the card inside of our app has been temporarily disabled,” Edge explained on Thursday.
The digital currency firm Edge has announced the launch of the Edge Mastercard, a loadable crypto debit card that doesn’t collect KYC data. Edge revealed the Mastercard on Twitter and told the company’s followers: “Zero fees. Instant funding — With Edge Mastercard everyone can now spend BTC, DOGE, DASH, LTC, [and] BCH instantly, with zero personal information required.” Blockspace.io founder Gabe Higgins gave Edge props for the new privacy-centric crypto Mastercard.
“Kudos to Edge, sticking with their original vision of providing an easy way to secure [and] use bitcoin without compromising on privacy,” Higgins tweeted on Wednesday. Edge’s card web page explains that the crypto Mastercard is not only private but it also complies with today’s financial laws. “There is no name or address associated with your Edge Mastercard, making for completely private transactions when your card is used,” Edge’s site details. The web page further states:
We protect your privacy while complying with all requirements for issuers, card associations, regulations, local, federal and international laws.
While there are no usage fees tied to the Edge Mastercard, the physical version of the card costs $20. The card is accepted anywhere Mastercard is supported and there’s a maximum threshold of $1,000 per day in terms of load limits. Edge co-founder Paul Puey explained on Wednesday that the executive is pleased to offer a privacy-centric crypto Mastercard.
“Proud to announce the Edge Mastercard with no personal info required to activate or use,” Puey wrote. “Spend confidentially at any Mastercard accepting U.S. merchant.” Edge, formally Airbitz Inc., was founded in 2014 by Paul Puey, Damian Cutillo, Scott Morgan, Tim Horton, and William Swanson. In addition to the new confidential Mastercard, Edge recently adopted the Bitpay Payment Protocol, a protocol that ensures accurate cryptocurrency payments.
What do you think about Edge launching a privacy-centric crypto Mastercard? Let us know what you think about this subject in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
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