Estonia-based startup MinexPay, the creator of Minexcoin, has announced public testing of their web wallet for Minexpay Crypto Cards. With no clear solution for crypto banking solutions available, this is MinexPay’s shot at providing MinexCoin holders with features that outshine the competition.
One of the biggest problems with other crypto payment solutions is that users do not have the ability to hold funds in cryptocurrency-enabled bank accounts. This is why a lot of people end up holding their tokens in an exchange or hardware wallet.
Understanding this, MinexCoin has decided to make their own web wallet and crypto card combo service to be one of the most seamless, fast, smooth, and secure to win over a huge market segment of crypto users, while keeping operations scalable to providing the level of excellent service users of the service expect.
This is what the wallet will allow you to do:
- sending and receiving fiat/crypto
- converting fiat to crypto
- securely storing funds
- being a “bank account” for your tokens
The Minex Web Wallet is card issuer agnostic, which lets users of Mastercard, VISA, AMEX and others work with the system.
Boris Shulyaev, CEO of MinexSystems, has commented:
“We want to provide a seamless service for any customer, wherever he or she is. MinexPay is the only solution designed to work globally. We believe that cryptocurrency holders want to use their crypto funds as ordinary money. This is why we focused on the MinexPay Web Wallet service first, with the card as a financial management instrument.”
To ensure users will experience a bug-free and smooth onboarding process when the platform goes live, cards issued by Ukraine’s PrivatBank have been circulated for a public beta test.
At this time, they are not cryptocurrency cards, as crypto is not being sent to user bank accounts, rather, liquidity providers for MinexSystems will help make the exchange from cryptocurrency to fiat, allowing for Minex to truly field test their system while maintaining full legal compliance.
To the company, this is a feedback moment to see what users think about the product.