Paymynt Financial Group, a Boston-based fintech company, has expanded the MYNT PayCard, a multicurrency hardware wallet, as the firm expands its offering into digital currencies.
As part of the launch, the firm is utilising advanced microchip technology to create the MYNT PayCard – a reloadable smart card that allows users to store and spend multiple cryptocurrencies.
“Chip-to-Chain technology brings bankless, blockchain services to global audiences,” said Michael Rosa, CEO at Paymynt. “This is especially important for the underserved communities, who are unable to access traditional financial services due to excessive fees or minimal credit history. We’re looking forward to bringing financial inclusion to all consumers.”
The expansion of their offering comes at a time when digital currencies experience exponential growth, with the sector taking on heightened importance throughout the pandemic.
Furthermore, an increasing number of consumers have embraced alternative payments and currencies as the pandemic has worsened and regular retail has endured uncertainty.