- Tech startup Edge has just released the first confidential bitcoin MasterCard.
- The card does not require any kind of KYC data, nor does it have any associated transaction fee.
- The card can be digital or physical and is loaded at Edge Up with instant transfers.
San Diego-based startup Edge released the first “confidential” bitcoin MasterCard that does not require Know Your Customer (KYC) data used to collect identity-related information, via an announcement from the company.
“There is no name or address associated with your Edge MasterCard, making your card a completely private transaction when it is used,” the company’s website said. “We protect your privacy by complying with all requirements for issuers, card associations, regulations, local, federal and international laws.”
Users wishing to take advantage of the card will only need to sign up for an Edge account which will prompt the user to activate a digital card within the Edge app. Options to fund the account with assets will then populate, allowing the user to select bitcoins, and the account will then be funded immediately. If one prefers to use a physical card, the same can be ordered within the app as well.
There are no fees associated with the Confidential Edge MasterCard, unless the customer chooses to purchase the above physical card, which will result in a one-time $20 fee. The card has a daily load and spend limit of $1,000 and no credit checks through any third-party clients are required to access MasterCard.
Edge customers won’t need to worry about “pre-loading” funds onto the card, as the funds are sent immediately once the transfer is initiated. Currently, the card is able to work in conjunction with Apple Pay, and is expected to be functional for Samsung and Google Pay in the near future.
