The ruby model used in this review gives 2% cashback in the native token. Depending on the card you leverage, card users can get anywhere between 1-5% of the total, cashback paid in MCO. The most interesting thing about ’s card, however, in comparison to competitors like Bitpay, is the cashback incentives. It’s still not as cool as the gold plated prepaid card Peter Schiff showed me in 2018, but us crypto heads we are doing alright. The metal does give the card a solid feel, in comparison to normal cards, if that kind of thing tickles your fancy. When the card arrived it was well packaged and the card is also metal with a touchless security chip. ’s app offers an exchange with over 55 coins supported on the trading platform. The app also shows you the MCO balance you have locked into the program and any other funds you store on the platform. If the verification process goes smoothly, the card ships in seven days and the app lets you know when it’s been issued. All the base requirements include a photo ID, a social security number, and a residential address.Ī third-party identity system does all of the validating within roughly five minutes and lets the person know they’ve been verified. Users should be aware that the coins are locked for six months.Īfter selecting and agreeing to the terms, the application does involve a KYC process and identification needs to be submitted. Every tier except for the blue plastic card requires a locked amount of MCO. Once I had the 50 MCO I could then proceed to the card tab and select the ruby product. The app has a built-in exchange as well, and in order to get MCO, I simply deposited some bitcoin cash ( BCH) and sold it to get the coins. In order to get the card and do this entire process, I had to download the app on the App Store for iOS. The lock-up of MCO is actually clearly mentioned in the user agreement and it’s an interesting way to get a card, to say the least. If a user was to choose an obsidian black card, it requires 50,000 MCO, and the coin trades for $4.50 at today’s exchange rates.įor the ruby card, the coins are locked for six months and you can get them back or keep staking them in the future. The card offers five tiers and seven colors.Īt the time, when I started testing the card, I decided to leverage the ruby prepaid card that only requires 50 MCO locked. Unlike Bitpay’s card, in order to get a prepaid Ruby Steel Visa from, an individual has to purchase the token called MCO and lock those coins for a period of six months. This week our newsdesk got our hands on a metal ruby-colored card and tested it out so our users can get a gist of how it works. Our newsdesk has also reviewed Bitpay’s flagship Visa card when it launched a few years ago. Last week, reported on Bitpay offering its new Mastercard prepaid card that can be loaded with numerous crypto assets. Americans now have few different cards available and the products are issued by reputable companies like Bitpay and Coinbase. In the early days, there were only a few cards for U.S. The following post is a review on the prepaid Visa card in order to give our readers some perspective on how the card operates.ĭuring the last four years, I’ve grown accustomed to leveraging prepaid cards that can be loaded with cryptocurrencies like bitcoin and ethereum. A number of members in the cryptocurrency community, typically people who are paid in crypto assets, have tried a myriad of prepaid cards that can be credited with digital currencies like bitcoin.
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