Bitmama Launches Physical Crypto Cards for Easy in-store Payments Globally

Bitmama becomes first African blockchain company to launch Physical Crypto Cards for in-store payments globally

Leading blockchain company, Bitmama pioneers a new feature, Physical Crypto Cards for users in the African market.

Lagos, Nigeria – Monday, Mar 8, 2022.

Today, leading blockchain company Bitmama, announces its latest product – Physical Crypto Cards. This comes three months after Bitmama has successfully launched virtual crypto cards which allow users to spend crypto directly without having to first convert to fiat.

Bitmama Physical Cards Are Live – Make in-Store & POS payments with crypto globally

Bitmama’s physical crypto cards come on the heels of another recently deployed feature – Buy Crypto, Pay Later, a solution that allows users to borrow up to $150 loans to purchase and payback within a given time period.

Speaking on the launch of Bitmama’s Physical Crypto Cards, Akinbola Asalu, Chief Operating Officer at Bitmama says:

“International payments for the average African is a complete hassle. This was quite evident during our team’s recent trip to Nairobi, Kenya for the African Tech Summit. While we paid for our flight tickets, visa fees, Airbnb, Bolt rides, and literally all forms of online payments with our Bitmama’virtual crypto cards, making the in-store payment was difficult as our local naira debit cards kept declining on POS devices and ATMs due to the $100/month FX spending limit on local cards, which has been recently lowered to $20/month by several local banks in Nigeria.  Hence, we had to resort to holding physical dollars, which is tough to source, in order to convert to local currency at a BDC. Needless to say, this was the experience of the majority of international travellers at the event, who kept stopping by our booth to ask for physical cards. By popular request, we are again pleased to say that our physical crypto cards are here and have come to stay. Anyone can request and use these cards.”

 As the first mainstream African blockchain company to launch physical crypto cards, this furthers Bitmama’s ambition to onboard the next billion crypto users by building lifestyle crypto products and pushing the narrative of crypto beyond trading.

International Travelers and Delegates at the African Tech Summit Nairobi (February 2022)

Nairobi (February 2022)

Features and Benefits of our Physical Crypto Card

• The cards can be funded with stable coins – USDT, USDC, cUSD, so you spend crypto directly without first converting to fiat.
• Spend like a local globally with over $10,000 in monthly spending limits at the best rates
• The cards work on in-store payment options – POS terminals – and can be used to withdraw from ATMs anywhere in the world, the perfect travel buddy.
• The cards also work for online payments for platforms like Bolt, Uber, Spotify, AWS, eBay, Asos, Facebook, among others. They can also be used to pay international suppliers very seamlessly.
• No minimum deposit is required to get a card. A new user who completes verification can request one.
• The card will be delivered to users anywhere in the world.

How to get a Bitmama Physical Crypto Card

• The cards are currently available for pre-order, so users can follow the directions below to secure one for a flat fee of $7. Users who pre-order between today and the 30th of April, get a 10% discount on the card issuance fee.

Directions on How to Pre-order a Bitmama Physical Crypto Card

1. Open the Bitmama App and tap on “Cards” on the homepage
2. Select the “Cards” on the home screen
3. Click on “Pre-order Card”
4. Fill in your preferred name on the card and your delivery details. Also, select a wallet to  be debited for the cards
5. Click on “Submit” and the physical crypto card will be delivered to you

*Note that the delivery fee is not included as you will be notified once the card is ready for pick up and charged for delivery.