Voyager Digital launches crypto-based debit card

The new card converts the stablecoin USD Coin (USDC) into fiat currency

Bitcoin and Mastercard                                 
Crypto-based Mastercard debit card launched in US – Photo: Shutterstock
                                

US-based cryptocurrency platform Voyager Digital has launched the Voyager Debit Mastercard, the nation’s first crypto-based debit card.

The Voyager Debit Mastercard pays up to 9% annual rewards to Voyager customers, and provides additional rewards for Voyager Loyalty Program members.

Uses the stablecoin USDC

The Voyager Debit Mastercard allows cardholders to spend crypto assets as it automatically converts the stablecoin USD Coin (USDC) into fiat currency in order to transact on the Mastercard network.

The crypto-based debit card also has no annual fees, as well as USDC holders receiving crypto back (in the form of additional USDC) into their Voyager accounts based on their average monthly balance.

Additionally, Voyager Loyalty Program members can earn rewards totalling up to 10.5% annually on their USDC holdings.

“The future of finance”

Steve Ehrlich, CEO and co-founder of Voyager, said: “With the Voyager Debit Mastercard, we continue to lead the future of finance by giving Voyager customers the benefit of earning rewards while instantly being able to spend their crypto on everyday purchases with the convenience of a debit card.

“By basing our debit card on the USD Coin (USDC), a stable coin priced one-to-one to the US dollar, we are offering customers a predictable and rewarding way to hold and easily convert crypto for payments, while offering Voyager Loyalty Program members additional rewards,” Ehrlich continued.

NFL star Gronkowski partners with Voyager

In September Rob Gronkowski, nicknamed “Gronk”, a tight end for National Football League (NFL) team Tampa Bay Buccaneers and four-time Super Bowl champion, announced a partnership with Voyager Digital.

The deal includes Gronkowski becoming a brand ambassador, shareholder and holder of the Voyager Token (VGX). The idea behind the partnership is to “bring crypto investing to the mainstream – making it accessible, useful, engaging and entertaining”.

Gronkowski had prior experience in the crypto space before the Voyager deal: in March this year, he became the first professional football player to launch his own series of non-fungible token (NFTs), which commemorated his four championship wins.

Additionally, a single special edition “crown jewel” NFT was released, which depicted some of Gronkowski’s career highlights.

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