Cryptocurrency cards from Weld Money and Binance

Fintech startup Weld Money has launched a cryptocurrency card, the Weld Card. It is the first card issued in Ukraine for everyday legal crypto transactions.

Binance also announced the launch of its crypto card for Ukrainian users. It is planned to be available by the end of 2022.

Let's take a closer look at the Weld Card and the plans of Binance, the world's largest blockchain ecosystem.

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Crypto card Weld Card

Fintech startup Weld Money recently launched a cryptocurrency card, the Weld Card. The project was implemented in partnership with Mastercard and Unex Bank.

Previously, Weld Money, together with Unchain Fund and Unex Bank, launched the Unchain Help Card project, issuing the world's first virtual charity card to help Ukrainian women and children during the war. Priority categories include single mothers with newborn babies and large families with children under 6.

Cryptocurrency donations are deposited directly to your card in hryvnia. You can make your donation and view reports on the Blockchain Charitable Foundation "Unchain" website — unchain.fund.

About the fintech startup WELD MONEY

Weld Money was founded in 2020. Since its launch, the startup hasn't attracted traditional investment. Instead, it sellstokens- digital shares of the company.

After issuing 250 million native WELD tokens, the startup's team grew to 40+ specialists and conducted listings on centralized (BitMart, Bitrue) and decentralized (PancakeSwap, Uniswap) platforms.

It also partnered with leaders in the crypto, blockchain, and fintech markets, securing the support of Concorde Capital, Magnus Capital, 7 O'clock Capital, and other successful investment firms.

What do we know about the Weld Money cryptocurrency card?

Weld Card works on the Debit Mastercard platform.

It's linked to a cryptocurrency wallet on the Weld Money platform.

? Allows you to pay with Apple or Google Pay

? Users can pay for goods or services with cryptocurrency without converting to fiat.

During the card's launch, there will be a 0% commission on all transactions.

You can make card payments both online and offline.

Is there a referral program?

? There is a support service that is ready to help users at any time.

The main feature of the Weld Money card

The seller from whom you plan to buy a product or order a service will not even know thatyou pay him with cryptocurrency, becausehe receives fiat money into his account.  

How to get a Weld Card?

1. The virtual card is issued online on the Weld Money platform.
2. Citizens of Ukraine aged 21 and over can become cardholders.
3. The digital card is issued free of charge.
4. The whole process takes about 15 minutes.
5. Additionally, the client can order the issuance of a plastic card (physical medium) at an Unex Bank branch.

You can also apply for a Weld Card through Dії services:

1. To do this, you need to be verified on the Diya platform, which uses modern customer identification technologies, in particular Diya. Subscription.
2. The next step is to fill out the application form of Unex Bank's banking partner.
3. Next, you need to connect to a convenient exchange using API keys to link your crypto wallet to the exchange through the Weld Money system.
4. After this, the system will automatically transfer funds from the wallet to the card account.

Which exchanges does Weld Card work with?

• WhiteBit is a European centralized cryptocurrency exchange based in Ukraine. The standard trading fee here is no more than 0.1%. The daily fee for using funds in margin trading is 0.098%. The withdrawal fee depends on the currency type (full details are available on the company's website).
• With Huobi, a well-known cryptocurrency exchange based in China, the withdrawal fee is 0.0001. Taker fees are 0.20%, and makers are 0.20%.
• Plans to establish cooperation with the Binance, KuCoin, and EXMO exchanges are also known.

What currencies does Weld Card support?

• Weld Card currently accepts payments with USDT and USDC stablecoins, dollar-backed cryptocurrencies that are protected from exchange rate fluctuations, and DAI.
• According to the project's initiators, volatile cryptocurrencies such as Bitcoin, Ethereum, and others will be added soon.

How can I pay with this card?

1. To pay for a purchase, you need to place your smartphone with a digital card (or a smartwatch that supports Google Pay or Apple Pay) on the PoS terminal.
2. The bank freezes the required amount in the user's balance on the crypto exchange and transfers it to Weld Money's corporate account. In other words, it sends the money to the merchant using the user's credit limit.
3. The Weld Money system then converts the required amount from the cryptocurrency balance into hryvnia and repays the credit limit.
4. The transaction is completed within four seconds – the cardholder receives their product or service.
5. Weld Money will close all overdrafts on customer accounts once a day.

Binance Exchange Plans 

According to Kirill Khomyakov, General Manager of Binance in Ukraine, the company plans to introduce the card by the end of this year.

"We were planning to do this even earlier, but the war made its own adjustments,"— reports the head of Binance Ukraine.

According to him, the company has been focusing on its charitable projects for the past seven months. Now, there's an opportunity to resume work on issuing a Binance crypto card for Ukrainian users.

What is known about the Binance crypto card 

1. The card will be directly linked to the registered Binance user's cryptocurrency wallet.
2. When making a payment, the cryptocurrency stored on it will be automatically converted into fiat funds.

Aid to Ukraine from the Binance blockchain ecosystem

• Binance Charity has committed 3.375 million BUSD in a pilot program to provide cryptocurrency cash assistance to Ukrainian refugees and IDPs.
• The company has issued over 200,000 Binance Refugee Cards for Ukrainian residents who were forced to leave for the EU.
• Binance Charity is donating $1 million in BUSD to provide scholarships for the IT Generation educational project.

Read more about the conditions for free training for Ukrainians in various tech and non-tech fields within the IT Generation program.HERE.

Conclusion

While Binance is still planning to release a crypto card for Ukrainian users, Weld Card holders (virtual or physical) can already use crypto to pay for goods and services anywhere this cashless payment method is available.

The process of paying with a crypto card is no different from a regular cashless payment, as no additional steps are required to convert the crypto.

There is no need to take any extra steps for business owners who have taken care of the safety of their clients by registeringtrademark (TM)and orderedSSL certificate. And also purchased for ourwebsite reliable hostingand provided conditions for active promotion by choosing a successful onedomain.

These and other goods and services are always available on favorable termsNIC.UA.

Fintech startup Weld Money has launched a cryptocurrency card, the Weld Card. It is the first card issued in Ukraine for everyday legal crypto transactions.

Binance also announced the launch of its crypto card for Ukrainian users. It is planned to be available by the end of 2022.

Let's take a closer look at the Weld Card and the plans of Binance, the world's largest blockchain ecosystem.

Image from Pixabay 

Follow us onFacebook,Telegram,Twitter,Instagramto stay up to date with the latest news!

Crypto card Weld Card

Fintech startup Weld Money recently launched a cryptocurrency card, the Weld Card. The project was implemented in partnership with Mastercard and Unex Bank.

Previously, Weld Money, together with Unchain Fund and Unex Bank, launched the Unchain Help Card project, issuing the world's first virtual charity card to help Ukrainian women and children during the war. Priority categories include single mothers with newborn babies and large families with children under 6.

Cryptocurrency donations are deposited directly to your card in hryvnia. You can make your donation and view reports on the Blockchain Charitable Foundation "Unchain" website — unchain.fund.

About the fintech startup WELD MONEY

Weld Money was founded in 2020. Since its launch, the startup hasn't attracted traditional investment. Instead, it sellstokens- digital shares of the company.

After issuing 250 million native WELD tokens, the startup's team grew to 40+ specialists and conducted listings on centralized (BitMart, Bitrue) and decentralized (PancakeSwap, Uniswap) platforms.

It also partnered with leaders in the crypto, blockchain, and fintech markets, securing the support of Concorde Capital, Magnus Capital, 7 O'clock Capital, and other successful investment firms.

What do we know about the Weld Money cryptocurrency card?

Weld Card works on the Debit Mastercard platform.

It's linked to a cryptocurrency wallet on the Weld Money platform.

? Allows you to pay with Apple or Google Pay

? Users can pay for goods or services with cryptocurrency without converting to fiat.

During the card's launch, there will be a 0% commission on all transactions.

You can make card payments both online and offline.

Is there a referral program?

? There is a support service that is ready to help users at any time.

The main feature of the Weld Money card

The seller from whom you plan to buy a product or order a service will not even know thatyou pay him with cryptocurrency, becausehe receives fiat money into his account.  

How to get a Weld Card?

1. The virtual card is issued online on the Weld Money platform.
2. Citizens of Ukraine aged 21 and over can become cardholders.
3. The digital card is issued free of charge.
4. The whole process takes about 15 minutes.
5. Additionally, the client can order the issuance of a plastic card (physical medium) at an Unex Bank branch.

You can also apply for a Weld Card through Dії services:

1. To do this, you need to be verified on the Diya platform, which uses modern customer identification technologies, in particular Diya. Subscription.
2. The next step is to fill out the application form of Unex Bank's banking partner.
3. Next, you need to connect to a convenient exchange using API keys to link your crypto wallet to the exchange through the Weld Money system.
4. After this, the system will automatically transfer funds from the wallet to the card account.

Which exchanges does Weld Card work with?

• WhiteBit is a European centralized cryptocurrency exchange based in Ukraine. The standard trading fee here is no more than 0.1%. The daily fee for using funds in margin trading is 0.098%. The withdrawal fee depends on the currency type (full details are available on the company's website).
• With Huobi, a well-known cryptocurrency exchange based in China, the withdrawal fee is 0.0001. Taker fees are 0.20%, and makers are 0.20%.
• Plans to establish cooperation with the Binance, KuCoin, and EXMO exchanges are also known.

What currencies does Weld Card support?

• Weld Card currently accepts payments with USDT and USDC stablecoins, dollar-backed cryptocurrencies that are protected from exchange rate fluctuations, and DAI.
• According to the project's initiators, volatile cryptocurrencies such as Bitcoin, Ethereum, and others will be added soon.

How can I pay with this card?

1. To pay for a purchase, you need to place your smartphone with a digital card (or a smartwatch that supports Google Pay or Apple Pay) on the PoS terminal.
2. The bank freezes the required amount in the user's balance on the crypto exchange and transfers it to Weld Money's corporate account. In other words, it sends the money to the merchant using the user's credit limit.
3. The Weld Money system then converts the required amount from the cryptocurrency balance into hryvnia and repays the credit limit.
4. The transaction is completed within four seconds – the cardholder receives their product or service.
5. Weld Money will close all overdrafts on customer accounts once a day.

Binance Exchange Plans 

According to Kirill Khomyakov, General Manager of Binance in Ukraine, the company plans to introduce the card by the end of this year.

"We were planning to do this even earlier, but the war made its own adjustments,"— reports the head of Binance Ukraine.

According to him, the company has been focusing on its charitable projects for the past seven months. Now, there's an opportunity to resume work on issuing a Binance crypto card for Ukrainian users.

What is known about the Binance crypto card 

1. The card will be directly linked to the registered Binance user's cryptocurrency wallet.
2. When making a payment, the cryptocurrency stored on it will be automatically converted into fiat funds.

Aid to Ukraine from the Binance blockchain ecosystem

• Binance Charity has committed 3.375 million BUSD in a pilot program to provide cryptocurrency cash assistance to Ukrainian refugees and IDPs.
• The company has issued over 200,000 Binance Refugee Cards for Ukrainian residents who were forced to leave for the EU.
• Binance Charity is donating $1 million in BUSD to provide scholarships for the IT Generation educational project.

Read more about the conditions for free training for Ukrainians in various tech and non-tech fields within the IT Generation program.HERE.

Conclusion

While Binance is still planning to release a crypto card for Ukrainian users, Weld Card holders (virtual or physical) can already use crypto to pay for goods and services anywhere this cashless payment method is available.

The process of paying with a crypto card is no different from a regular cashless payment, as no additional steps are required to convert the crypto.

There is no need to take any extra steps for business owners who have taken care of the safety of their clients by registeringtrademark (TM)and orderedSSL certificate. And also purchased for ourwebsite reliable hostingand provided conditions for active promotion by choosing a successful onedomain.

These and other goods and services are always available on favorable termsNIC.UA.