NearPay launches virtual crypto card and wallet apps

By Edlyn Cardoza

NearPay, a crypto finance protocol, has officially launched its virtual crypto card and wallet for iOS and Android to bring the modern digital banking experience to the crypto world.

NearPay Wallet is now available on all platforms including web, iOS and Android. With NearPay, you can buy crypto using your credit card or a bank transfer, seamlessly send, receive and exchange it, or withdraw it directly to your bank account. In addition, you can instantly issue a virtual Visa debit card that allows you to use your crypto for online purchases with automatic conversion to fiat. The service is available to residents of the European Economic Area (EEA) and the United Kingdom.

NearPay Wallet already supports 38 cryptocurrencies, including NEAR, BTC, ETH and USDT. You can make conventional bank transfers in EUR and GBP with crypto payments and conversion. In the near future, the wallet will provide earning rewards at a compound rate of up to 15.81% API with no deposit or withdrawal fees. Combining utmost security with ease of use, NearPay Wallet is the best way to explore crypto.

“At NearPay, we’ve taken the best features of modern digital banking and brought them to the crypto world to create a simple interface that makes it easier than ever to manage all your finances, both fiat and crypto,” said Ivan Ilin, COO of NearPay. “With our newly launched iOS and Android apps, our customers can access NearPay Wallet on the go and instantly get virtual crypto cards to use their assets without converting them beforehand.”

In accordance Insider intelligence, payments made using cryptocurrencies will surpass $10 billion in total transaction value globally for the first time in 2022, while 60% of crypto owners are interested in using crypto as a payment method to make online purchases more private or secure. While certain retail FinTech apps allow customers to buy crypto, what they are buying is a synthetic asset that cannot be withdrawn. NearPay Wallet is a custodial wallet that allows you to directly own your crypto assets and make them work for you.