Cryptocurrency exchange Edge announced the release of an anonymous Mastercard debit card that does not require KYC verification.
Users will be able to pay with cryptocurrency at more than 10 million merchant terminals in the U.S. from the Edge app.
Edge officials said the card complies with anti-money laundering and terrorist financing regulations. The daily spending limit is $1,000.
“Without compromising any personal information and without the usual fees or delays in topping up the Edge Mastercard, this is a true breakthrough in using cryptocurrency for everyday payments,” the company said.
Users can simply enter any name and billing address when making purchases online.
Edge also said the new Mastercard does not charge a fee.
The Edge Mastercard will be issued by Patriot Bank, N.A., under license from Mastercard International and supported by fintech company Ionia.