Polis Launches ePay Mastercard
On its journey to find real-world use cases for its digital currency, Polis appears to have recorded yet another feat. The team announced that its users can now pay for goods and services via the new ePay Mastercard which is available in PolisPay version 8.0.0.
The PolisPay version 8.0.0 features a total revamp of the platform to improve speed and security. Some of the notable features of the new release include a revamp of the "Gift card" service to support more gift cards, ETH integration on the PolisPay app, improved Shift services, Trezor integration and ePay card support. Users can now assess DTH providers, perform internet recharges and mobile top-ups with the new release.
The ePay card is a prepaid card that is managed on a prepaid basis. You can use your card to pay almost everywhere where MasterCard is accepted. Once the card is activated and topped up, you can use it worldwide: For online shopping, to pay in shops or to withdraw cash from an ATM.
The ePay card can be recharged with gift cards in units of €100, €50 and €25 directly from the PolisPay app. Users have the option to stay anonymous at the price of a monthly withdrawal limit of €100. Customers who wish to spend more will need to go through a video identification process on Bitcou. The monthly withdrawal limit with thereafter be increased to €4,000 upon successful verification.
There are currently no options to order the card directly from the PolisPay app. Interested customers must go through Bitcou GmbH. Bitcou charges €25 for the shipping and activation of a single card. There are however hints that users will be able to place an order directly from the app in the coming weeks.
For a start, the ePay Mastercard will be available in 33 countries including, Germany, France, Switzerland, Spain, and the United Kingdom.