Phemex Unveils Virtual Mastercard Debit Card for EEA Users
Phemex has launched its virtual Mastercard debit card for users in the European Economic Area (EEA), allowing them to make in-store payments using USDT or USDC from their Spot balance. The card features no issuance, annual, or closure fees and automatically converts crypto to fiat at the point of sale.
The Phemex Card also offers up to 1% unlimited cashback per purchase, supports Apple Pay and Google Pay integration, and sets defined transaction and account limits. To apply for the card, users must create an account, complete a quick KYC verification, and link their Spot account balance (with USDT or USDC).
The virtual Mastercard debit card is issued by a licensed provider in New Zealand under the Mastercard network. Phemex users can access the card section and submit their application once they have met the requirements.