Immersve Launches New MasterCard Product Allowing Cryptocurrency Payments

02/22/2023 12:06 • Crypto & Markets • 65 views

It is reported that the Australian web3 start-up Immersve launched a new MasterCard product, enabling Australian and New Zealand users to use their Immersve MasterCard to pay in cryptocurrency anywhere they see the MasterCard logo. Encryption cards are no longer novel. However, the unique Immersve function is that cryptocurrency can be placed in a self-managed wallet, rather than stored in a cryptocurrency exchange.

Web3 startup Immersve launched a new product that uses cryptocurrency for payment through MasterCard

Interpretation of the news:

Immersve, an Australian web3 start-up, has launched a new MasterCard product that enables users from Australia and New Zealand to pay in cryptocurrency as long as they can see the MasterCard logo. This move shows the growing interest from the public in using digital currencies to make transactions in their daily lives.

The use of encryption cards is not new; however, the unique feature of Immersve’s MasterCard product is that users can place their cryptocurrency in a self-managed wallet rather than relying on cryptocurrency exchanges to store their coins. This feature resonates with users who value better control over their digital assets without relying on third-party providers which can be hacked or subject to operational risks.

Cryptocurrency has been around for over ten years, with Bitcoin leading the market, but its adoption for everyday transactions has always been a struggle due to its volatility and the lack of infrastructure supporting its transactions. The good news is that in recent years, there has been a proliferation of digital wallets, payment services, and companies like Immersve seeking ways to make digital currency payments as easy and convenient as existing payment methods.

The trend towards crypto payments is expected to increase in the coming years as governments and regulators are also exploring how to integrate digital currencies into the financial system, with some countries such as El Salvador adopting Bitcoin as legal tender.

The launch of Immersve’s new MasterCard product is a sign of the growing acceptance of cryptocurrencies as a mainstream means of payment and presents an opportunity for merchants to offer more diverse payment options to their customers.

In conclusion, Immersve’s new MasterCard product is an exciting development for the digital asset industry, which has long sought ways to integrate itself better into daily transactions. The ability to hold cryptocurrency in a self-managed wallet offers users greater control and security over their digital assets while providing merchants with new and innovative payment options.

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Immersve Launches New MasterCard Product Allowing Cryptocurrency Payments

Web3 startup Immersve launched a new product that uses cryptocurrency for payment through MasterCard

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