Edge Releases First 'Confidential' Bitcoin Mastercarddecrypt.co/102279/edge-releases-first-confidential-bitcoin-mastercard
31 sats \ 3 comments \ @mf 8 Jun 2022 bitcoin
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0 sats \ 0 replies \ @DigitalCurrLA 8 Jun 2022
I think the description of this, such as Bitcoin Magazine's Tweet, as it being KYC-Free are inaccurate. I don't think Edge will let you sell bitcoin (to acquire the USD for this) without doing KYC on their wallet.
Your personally identifiable information (PII) certainly must get transferred to Iona and/or the bank (Patriot Bank N.A., issuer of this Mastercard). And even if it doesn't, should Edge be given a subpoena, they would have the PII for the account that funded that Mastercard.
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0 sats \ 1 reply \ @DigitalCurrLA 8 Jun 2022
"Not a name, not a phone number, not an email address," Edge Co-founder and CEO Paul Puey tells Decrypt. "Definitely not your actual address, nothing. You can create a virtual card in around 15 seconds inside of Edge."
"I've known a handful of people that are unbanked; they simply cannot get a bank account for whatever reason," Puey says.
At launch, the Edge Mastercard will have a daily spend limit of $1,000 and can be used with Apple Pay with Samsung and Google Pay coming later. The option to order a physical card for $20 is coming later this month.
To fund their account, Edge customers sell their Bitcoin inside their wallet and send the USD to their Edge Mastercard to make purchases instead of sending the funds to a bank account.
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1 sat \ 0 replies \ @DigitalCurrLA 8 Jun 2022
Here's another article on this announcement:
Users can input any name under the "billing address" fields, as long as it agrees with the shipping address, the statement said.
Edge Mastercard is "in compliance with all requirements for issuers, card associations, regulations, local, federal and international laws," according to the press release.
San Diego-Based Edge Unveils Privacy-Focused Crypto Card https://www.coindesk.com/business/2022/06/08/san-diego-based-edge-unveils-privacy-focussed-crypto-card/ https://archive.ph/jfp6G
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