Paycoin to launch crypto-backed Mastercard on Apr. 30

Payyprotocol, the company behind Payy, revealed its intention to launch its own debit card powered by Mastercard on April 30.

According to an April 14 announcement Posted on the company’s medium page, the card will allow users to complete the crypto and spend at MasterCard Merchants around the world. The card will be created in partnership with Swiss neobank Sr Saphirstein AG and will support the PCI token of Payy, Ethereum (Ethn) and a USD part (USDC).

With a monthly charging limit of 1,000 Swiss francs, Payy MasterCard Can be used for online and offline payments and is compatible with Apple Pay and Google Pay. One of its main characteristics. It gives users total control over their assets while allowing them to access the MasterCard World Payment Network.

The map will initially be offered in the EU and European Free-Freal Association regions, with plans to extend to additional countries and support more cryptocurrencies in the future. Payprotocol has also noted that since PCI has become public on Uniswap (UNITED) The way the decision (ARB) Bridge, its liquidity has increased.

Now more firmly established in the decentralized finance ecosystem, PCI can serve as a real -time payment asset in the wider payment model of payprotocol because of its low costs and its rapid transactions.

Payy is already widely used in South Korea, where more than 10,000 establishments, such as 7-Eleven, Domino’s Pizza and KFC, accept PCI as payment. With the new Mastercard, the team is now trying to increase the global presence of Payky, from Europe.

The price of gypsy increased by 5.7% after the announcement, and its daily negotiation volume increased by 900% to 7.8 million dollars, according to Coingecko data. With a market capitalization of $ 70 million, PCI is currently ranked 512nd. The launch of Mastercard can be a turning point for adoption, even if it is even more than 98% below its peak.