We’re proud to congratulate our client BitPay on its launch of the BitPay Card, the first Mastercard Prepaid card for crypto users in the United States. The card, which is powered by Galileo, enables customers to instantly convert cryptocurrency into fiat currency, which is then loaded onto the card and can be spent anywhere Mastercard debit is accepted around the world. Customers also can use their cards for purchases and to withdraw cash from ATMs.
Galileo CEO Clay Wilkes commented on the announcement saying, “We’re honored that BitPay is using Galileo’s flexible APIs to power its BitPay Card, making it easy for customers to pay for purchases through the conversion of cryptocurrency into fiat currency and spend wherever Mastercard debit cards are accepted.”
BitPay is a pioneer in bitcoin and blockchain payments. Its products enable businesses to send and receive cross-border payments, also enabling consumers to manage digital assets with the BitPay Wallet and turn digital assets into dollars with the major network branded reloadable cards. The company has offices in North America, Europe and South America.
Click here for more on Galileo’s support of cryptocurrency products.
Read the full story from BitPay by clicking here.
Galileo Drives SoFi's Seamless Fintech Integration and Expansion
Since acquiring Galileo Financial Technologies in 2020, SoFi Technologies, Inc. SOFI has deepened its fintech infrastructure by integrating Galileo’s payment processing and tech capabilities across its growing suite of offerings.
Modern Banking Starts With Mindset Before Tech
Despite massive investments in digital transformation, a persistent gap between operational stability and forward-looking innovation continues to stall progress.
Subscription Economy Projected To Hit $1.2 Trillion by 2030
Many consumers may feel overwhelmed by their subscriptions, but that doesn’t seem to be stopping the practice from growing. According to a report released Monday by London-based Juniper Research, the subscription economy will nearly double in the next five years to US$1.2 trillion, from $722.5 billion in 2025.
Are You Rewarding The Right Customers? Here's How To Close The Loyalty Gap
Consumer needs have outpaced the financial solutions built to serve them. Most Americans use debit as a primary payment method—more than 90% of U.S. adults have a debit card—but they're not getting rewarded for their spend or brand loyalty.
Digital Wallets Unite Banks and FinTechs in Latin America’s Inclusion Push
Tory Jackson, head of business development and strategy for Latin America at Galileo, tells PYMNTS the region offers lessons for other nations for financial services innovation and financial inclusion.