WageCan is a debit card developed by a group in Taiwan that has specialization in blockchain wallets. It offers both, the plastic and virtual cards. The debit cards are specially marketed to the most promising customer base like freelancers, bloggers, and travelers etc who frequently spend their bitcoins.
WageCan only supports Bitcoin. With respect to fiat currencies, WageCan also supports EUR, GBP and USD.
WageCan is a Mastercard, meaning that you can use the card at any point of payment that accepts Mastercard. This is of course a great advantage, seeing that Mastercard (and VISA) are the most accepted cards in the world.
US-investors may also use this card.
We think that WageCan charges very competitive fees.
The monthly fee is only USD 1.00.
The card charges an issuance fee of USD 15.40 (a one time fee).
ATM-usage results in a fee of 2.50 USD on the withdrawn amount.
Furthermore, the most important fee of them all, the commission on spending. WageCan sets you back 0.00%. This means that if you buy a nice sweater for USD 100, this will reduce your crypto assets with USD 100. Many other cards have commission based fees of 3.00-5.00%, meaning that a sweater for USD 100 will reduce your crypto assets with USD 103-105 instead.
Finally, there is no minimum deposit required that we know of but the maximum deposit is GBP 40,000 per load.
WageCan offers multiple features among which, the plastic and virtual debit cards are included. The plastic cards, just like our bank cards are divided into Golden and Universal cards for payments for different uses. The verified users have more number of benefits from WageCan than the unverified users.
Users can easily top up the debit cards using blockchain asset addresses. Option of topping the card using applications and different websites is also provided. The users get benefits of using the cards at POS, cloud services, ATM’s and online shopping. Also, a single user can have multiple cards