EML and CoinJar launch Australia’s first crypto-to-fiat Mastercard card

By Leandra Monteiro

EML Payments and CoinJar, Australia’s longest-running cryptocurrency exchange, are taking crypto into the mainstream with CoinJar Card. The collaboration will make it simple for cardholders to pay using cryptocurrency via a digital or physical card wherever Mastercard is accepted. The launch builds on the success of CoinJar Swipe, a crypto debit card in the market with EML for six years.

Free to activate and with Apple Pay and Google Pay integrations, CoinJar Card allows users to spend 30 different digital currencies with no ongoing fees and a flat 1% conversion rate returned to users as an in-house rewards programme.

”CoinJar Card is the next step in our mission to make crypto both accessible and useful, to everyone, every day,” said Asher Tan, CEO at CoinJar.

“We’ve worked with CoinJar for years and we’re excited to help them reach new heights with CoinJar Card,” stated Rachelle St. Ledger, CEO Australia at EML.

With more than 500,000 customers in Australia and the U.K., CoinJar has already helped users conduct billions of dollars’ worth of transactions in Bitcoin, Ethereum and other cryptocurrencies. CoinJar Card gives those users a simple, secure and seamless way to bring their crypto into the real world, one purchase at a time.

EML Payments also recently announced a partnership with Fupay to take their combined technology to Europe to offer businesses a cutting-edge white-label BNPLaaS solution. The companies aim to offer features including low touch e-identity verification and affordability assessment, personalised and flexible payment options based on the user’s cash flow, real-time virtual card and payment options available in one app and AI-driven data insights with high impact visualisation options to help make money management easy for consumers.