CloudTech launches CobWeb Pay card to bring crypto to retail
CloudTech Group has launched the CobWeb Pay Mastercard, providing Australian consumers with a way to use cryptocurrency for everyday purchases both in-store and online, wherever Mastercard is accepted.
Payment access
The new CobWeb Pay Mastercard enables clients to convert cryptocurrency into traditional fiat currency in real time. This allows users to spend their digital assets as cash on regular goods and services. The card is available for use at all Mastercard terminals globally. It is issued in a digital format and is compatible with Apple Pay and Google Pay, enabling secure, contactless transactions on mobile devices.
Consumer demand
Mandy Jiang, Chief Financial Officer and Executive Director at CloudTech Group, said…
