A Bipa, forefront platform integrating Bitcoin, digital dollar, and real in a single bank account, partnered with Mastercard to launch a credit card with Bitcoin cashback and the Mastercard Touch Card design, introducing an accessible card standard for the blind or visually impaired, enhancing the security, inclusion, and independence of Bipa cardholders in Brazil.
The new Bipa card, one of the most recent innovations in the Brazilian financial market, offers Bitcoin cashback on all purchases for customers. Additionally, Bipa Turbo members have exclusive access to the functionality of using their crypto-assets as collateral to increase the credit limit, enabling daily transactions without the need to sell these digital assets.
This launch represents a significant change for Bitcoin and digital dollar investors. With the Bipa card, users can make payments at any establishment accepting Mastercard, using Bitcoin, digital dollar, or real as collateral. Before this innovation, these assets often remained inactive in exchanges or wallets. Now, they can be used as collateral, adding more value and convenience to users’ daily lives.
According to a Mastercard survey, about 89% of Brazilians are willing to adopt new or unconventional payment methods. ‘This innovation from Bipa offers a valuable alternative to traditional methods of using crypto assets, promoting greater flexibility and financial control for its users,’ says Luiz Parreira, CEO of the fintech.
Bipa Card and Bipa Turbo
The Bipa card transforms the experience of using credit by offering attractive benefits to all customers. In addition to cashback, with the self-funding functionality, there is no need to have a pre-approved limit or make a deposit in reais to ensure a credit limit. Just have Bitcoin or USDT to make credit purchases, including installments.
It is worth noting that when using self-funding, Bitcoin or USDT is sold to execute the credit purchase. This functionality is optional for all customers and differs from the USDT/BTC collateral in Bipa Turbo, which does not sell the assets. Thus, everyone has the flexibility to choose the best option according to their needs and strategies.
Bipa Turbo offers even more advantages because, in addition to allowing the use of Bitcoin (BTC) or USDT as collateral to obtain a credit limit, it also offers twice the cashback. These exclusive features offer greater flexibility and financial optimization, making it ideal for those looking to maximize earnings and integrate cryptocurrencies into everyday life.
“By combining the power of Bitcoin and digital dollars with the convenience of credit, we are redefining the concept of financial flexibility and creating new possibilities for our users,” notes Guilherme Kenworthy, CFO of Bipa.
The Bipa Mastercard also presents an innovation in the design of the physical card: the first Touch Card credit card in Brazil. With a unique Mastercard notch, the card allows blind or partially sighted people to easily identify that it is a credit card just by touch. This innovation, developed by Mastercard, promotes more security, inclusion, and independence for blind people, as part of Mastercard’s inclusion and accessibility initiatives.
New Credit Card Partnership
The new card is the result of a strategic collaboration between Bipa and Mastercard, a global technology company in the payment sector. “Together, we are combining the global reach and technological expertise of Mastercard with the innovation and agility of Bipa to create a product that not only meets the needs of our customers but also reshapes the payment market,” says Luiz Parreira, CEO of the fintech.
High Demand and Interest
Since the partnership announcement, more than 70 thousand users have already signed up on the waiting list to get the new credit card, highlighting the high demand and interest in the product.
Availability and Access
The Bipa credit card can be requested directly through the app, available for iOS and Android devices. This convenience offers a practical and innovative financial experience. The card will be released following the waiting list order, but it is possible to speed up access by inviting friends and family to register on the Bipa platform. The more invitations accepted, the faster the progression on the list.
