Edge has announced the launch of a non-KYC virtual currency Mastercard

There will be an everyday spending restriction of $1,000, according to the business, but no private details will be necessary.

Edge, a self-custody crypto market, introduced a prepaid Mastercard with no Know Your Customer (KYC) requirements that can be loaded with Bitcoin and other virtual currencies on Wednesday.

Users will be able to sell their cryptocurrency at more than 10 million retail endpoints in the United States without Past research that has been indicated. Today, the Edge Mastercard may be funded straight from the Edge app using Bitcoin (BTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Litecoin (LTC), and Dash (DASH).

Edge executives told Cointelegraph that the card complies with anti-money trafficking and refute funding standards since it has a $1,000 daily expenses restriction (about $30,000 monthly). Furthermore, the card can only be used at merchant facilities in the United States. Edge co-founder Paul Puey had this to say:

“The Edge Mastercard is a true milestone for just using cryptocurrency for day-to-day transactions without disclosing any personal details, and without the normal charges or inconveniences in topping up their card.”

Customers can immediately insert any name and address for monitoring and billing while buying online because the card has no location connected with it.

Edge also asserted that its new Mastercard has no costs, in contrast to its anonymity. When consumers sell BTC to add money, the firm utilizes spot currency values from third-party platforms like Coinmarketcap, with no buffer.

Patriot Bank, N.A. will issue the Edge Mastercard, which will be managed by payment solution Ionia and provided under licence by Mastercard Worldwide. Edge claims that its self-custody bitcoin exchange system has over 1.7 million users in 179 countries.