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February 24, 2020

Bitsa Card adds support for privacy-centric Monero (XMR)

Bitsa Card has added support for altcoin Monero (XMR), which focuses on user privacy.

Monero, referred to as an altcoin with “high levels of security, privacy and decentralisation” will now serve as a top-up currency for the Bitsa Card. The altcoin was created in 2014.

Users of the crypto-enabled prepaid card will be able to use Monero for both retail as well as online shopping.

The cardholders can make SEPA transfers and also convert Monero to Euro to make transactions.

In elaborating its rationale for supporting Monero, Bitsa said that the altcoin offers usability to virtual currencies.

To reload the Bitsa Card with digital currencies, one has to select the “Top-up” option and then opt for the available crypto by selecting the “cryptocurrencies” top-up method.

The user can then fund an account by choosing the desired amount.

In a blog post, Bitsa said: “While the vast majority of cryptocurrency transactions are verifiable and traceable by anyone, the addresses (sender and receiver) and the amounts sent are hidden in Monero.

“Therefore, since there is no trace due to its high privacy is impossible to distinguish these tokens, so Monero (XMR) is considered as a fungible. In addition, all this encryption makes transactions much more secure.”

 

 

 

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