Estonian company MinexSystems has commenced the full start of operation of its two primary products, MinexPay and Minex Web Wallet, which in conjunction create one of the most completed cryptocurrency card ecosystems on the market. Minex Web Wallet is a secure web wallet system which offers storage and control over several digital assets, as well as activation and control of the cards purchased via MinexPay. MinexPay offers a card program, which can be used both for crypto online and offline payments and ATM withdrawals, with very attractive limitations.
What MinexPay is all About?
Unlike any other crypto cards,
MinexPay cards are available literally worldwide: anyone from a UN-recognized country without any imposed sanctions can order themselves and use a MinexPay card with the same limits and rules as anyone, anywhere on the globe, which in practice makes it the world’s first ever globally accessible crypto payment card.
The process of ordering a MinexPay pretty easy and comprises just a few steps:
Sign up at MinexPay website, select your card tier and deposit the corresponding MNX amount;
Receive your card by mail;
Go through a straightforward verification process with your new card;
After connecting your MinexPay account to the Minex Web Wallet, activate your card by replenishing the minimum required balance in MNX according to your tariff plan.
Once your card is active, you can send any supported cryptocurrency and convert it to fiat within the Web Wallet.
And your card is ready to use as any other payment card!
Currently, MinexPay cards are offered in four tiers, priced starting at 2 MNX and up to 100 MNX, and have free worldwide delivery. The commissions depend on the tariff plans. Moreover, the two upper tiers of MinexPay cards also offer cash back on all POS transactions of up to 1%, deposited back to the card’s MNX balance.
What is MinexCoin?
The MinexCoin, or MNX, is the internal currency within the MinexSystems ecosystem. It is used to pay for the cards ordering, fees and commissions, and is also used in another MinexSystems platform, such as MinexBank.
MinexCoin is also used to replenish the non-deductible card balance and card activation in the Minex Web Wallet. After the card is activated in the wallet, a user can transfer crypto to the balance, convert it to fiat money and load the card. Conversion fees range from 1% to 4% depending on the tariff plan and the amount of MNX on the minimum required balance. The higher the amount, the lower the conversion fee is.
“With the full launch of the wallet and the entire system, we are expecting more people holding MinexCoin to take advantage of lower crypto-to-fiat conversion fees. This may influence the demand for MNX and, possibly, the price growth of the coin,“ says MinexSystems CEO and founder Boris Shulyaev.
Apart from that, the MNX can be attractive to potential investors also thanks to the unique parking mechanism offered in the
MinexBank, which also may positively influence the exchange rate if used massively by the MNX holders.
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