Bipa and Mastercard launch credit card with cashback in Bitcoin

Bipa, a leading platform that integrates Bitcoin, digital and real dollars into a single bank account, has partnered with Mastercard to launch a credit card with Bitcoin cashback and the Mastercard Touch Card design, introducing an accessible card standard for blind or low vision people, increasing the security, inclusion and independence of Bipa cardholders in Brazil.

The new Bipa card, one of the latest innovations in the Brazilian financial market, offers Bitcoin cashback on all purchases for customers. In addition, members of Bipa Turbo 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 goods.

This launch represents a significant change for Bitcoin and digital dollar investors. With the Bipa card, users can make payments at any establishment that accepts Mastercard, using Bitcoin, digital or real dollar as collateral. Before this novelty, these assets often were inactive in brokers or wallets. Now, they can be used as collateral, adding more value and convenience to the day to day of users.

According to a Mastercard survey, about 89% of Brazilians are willing to adopt new or unconventional means of payment. “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 fintech.

Bipa and Bipa Turbo Card

The Bipa card transforms the experience of using credit, offering attractive benefits for all customers. In addition to cashback, with the self-supply functionality, it is not necessary to have a pre-approved limit or make a deposit in reais to guarantee credit limit. Simply own Bitcoin or USDT to make purchases on credit, including installments.

It is worth mentioning that, when using self-supply, the sale of Bitcoin or USDT occurs to execute the purchase on credit. This functionality is optional for all customers and differs from the USDT/BTC guarantee of 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, as in addition to allowing the use of Bitcoin (BTC) or USDT as collateral to obtain a credit limit, it also offers double cashback. These unique features offer greater flexibility and financial optimization, making it ideal for those seeking to maximize gains and integrate cryptocurrencies on a daily basis.

By uniting the power of Bitcoin and the digital dollar with the practicality of credit, we are redefining the concept of financial flexibility and creating new possibilities for our” users, says Guilherme Kenworthy, CFO of Bipa.

The Bipa Mastercard also presents an innovation in the design of the physical card: the first Touch Card of Brazilwith a unique Mastercard slot, 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 Card Partnership

The new card is the result of a strategic collaboration between Bipa and Mastercard, a global technology company in the payments industry.“Juntos, we are combining Mastercard's global reach and technological expertise with Bipa's innovation and agility to create a product that not only meets our customers' needs, but also reshapes the” payments market, says Luiz Parreira, CEO of fintech.

Great demand and interest

Since the announcement of the partnership, more than 70 thousand users have already signed up for the waiting list to get the new credit card, highlighting the high demand and interest in the product.

Availability & access

The Bipa credit card can be requested directly by the application, available for iOS and Android devices. This convenience offers a practical and innovative financial experience. The release of the card will be carried out following the order of the waiting queue, but it is possible to accelerate access by inviting friends and family to register on the Bipa platform. The more invitations are accepted, the faster the progress in the list.