As cryptographically-backed debit cards become more widely used, there is continued consolidation of Web2 and Web3 solutions.

Bit2Me, the largest cryptocurrency exchange in Spain, made a statement on February 10 about the launch of its new cashback debit card, which was developed in collaboration with Mastercard.

The original Bit2Me card allows its users to make transactions through the Mastercard network, which is used by millions of merchants around the world. This new update gives consumers the opportunity to earn up to 9% back in bitcoins on all transactions, regardless of whether they were made in-store or online.

With a click of the mouse, “[The] The idea is that all users anywhere in the world have easy access to the unlimited universe of Web3 financial services,”

The card and wallet support eight cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Ripple (XRP), Solana (SOL), and Polkadot (DOT), as well as the stablecoin Tether (USDT).

It has been claimed that the corporation intends to support other currencies before the end of the year. Right now, users can access Bit2Me from 69 different countries around the world. Users residing in the European Economic Area (EEA), on the other hand, can only submit a request for the virtual form of the card.

After making the first declaration in 2021 that it would provide services worldwide, Bit2Me has been planning to expand its service offering for some time. When the local Spanish trading platform 2gether went down in July, the exchange quickly stepped in and provided assistance to the 100,000 cryptocurrency investors who had been prevented from using its platform. This was done after investors were banned from using the now-defunct site.

During this time, Mastercard has also been quite active in the Web3 arena, bringing new services and possibilities to its customers and users. Over the course of the past year, it has selected at least seven blockchain and cryptocurrency companies to participate in its fintech accelerator program.

Additionally, the firm collaborated with Polygon to develop a Web3 musician accelerator program. This program will focus on the convergence of the music industry and new technologies.

Mastercard made the announcement on January 31 that it would be working with Binance to offer its second prepaid cryptocurrency card in Latin American countries.