Just Wallet Launches Web 3 App, New Off-ramp for Cryptocurrency

Just Wallet announces new Just Wallet Prepaid Mastercard®

 

Web3 startup, Just Wallet, recently confirmed their collaboration with Lithic and
Patriot Bank N.A. to launch the Just Wallet Prepaid Mastercard®! Available only for
US Residents, this product will provide users the ability to convert cryptocurrency
into USD and load onto spendable, digital cards for use in-store and at online
merchants with ApplePay and GooglePay.

This product is the first of its kind to connect crypto wallets and fiat assets in real-
time.

“We built the world’s first connection from Web3 crypto to traditional banking
systems,” says Ryan Johnson, CEO of Just Wallet. “It’s incredibly exciting. We’re just
getting started. Our team researched the best way to instantly exit crypto to fiat
currency, and nothing provided quick asset transfers,” said Ryan. “So we built one,
our new app generates a new Just Wallet Card in seconds.”
Hamilton Cheong, CTO of Just Wallet and certified crypto and blockchain
investigator, spoke on the need for this type of product in the current market. “Up
until this point, there was no way to get money instantly and spend it like fiat
assets. It’s just stuck in digital wallets or on exchanges. This product solves that
problem.”


These spendable cards run on the Mastercard payments network and can be used
everywhere Mastercard is accepted.


Hamilton continued, “People need a way to spend crypto for day-to-day items. The
only available options are crypto ATMs with extremely high fees or a bank transfer
from an exchange, which takes days to process. With our Just Wallet Card product,
all you need is to connect your Web3 wallet and you are ready to spend crypto, in
seconds. With all other solutions in the market, customers are at risk of exchanges
falling apart or freezing funds, our solution is different. The customer retains
ownership of funds at all times, and that was important for us to maintain: Your
crypto and your Just Wallet Card.”


Just Wallet is a federally regulated money service business by FINTRAC in Canada.
The Just Wallet Prepaid Mastercard is issued by Patriot Bank, N.A., pursuant to license by
Mastercard International Incorporated. Patriot Bank, N.A., Member FDIC. The Just Wallet
Prepaid Mastercard may be used everywhere debit Mastercard is accepted.
Just Wallet’s Card Program launches November 1st, 2022 on
Web3DebitCard.com