Modern card issuing enables consumers to monetize their crypto without having to change their daily spending habits
Earn crypto
Provide crypto rewards on debit and credit card purchases leveraging real-time transaction data.
Spend crypto
Enable users to monetize their crypto balance by spending the fiat equivalent at the time the card is swiped.
Leverage crypto
Dynamically adjust fiat credit card limit based on user’s crypto balance, powered by Deserve.
Traditional payment rails make it difficult to put cryptocurrency to use
Standard rewards structures
Traditional debit and credit cards only allow for standard points or cash-back earnings.
High-friction user experience
Today, customers using traditional debit and credit cards must sell their cryptocurrency in exchange for fiat and transfer funds to their bank accounts.
Time-consuming
Transferring funds to an external bank account can take days, which delays a user’s ability to spend crypto earnings.
Tools to create crypto rewards programs
Real-time transaction data and webhooks can power customizable crypto rewards programs.
Seamless spending
Users can spend as they normally would via a linked card, removing the need for transfers.
Funds released in real time
Balances in a cryptowallet are checked in real time and fiat-based transactions are initiated when the card is swiped.
Access to additional money movement
Additional banking services such as direct deposit and ATM capability can be added to the card to bring crypto further into mainstream financial services.
Case study
With the Coinbase Card powered by Marqeta, customers can choose which cryptocurrency from their Coinbase wallet they would like to use at the time of purchase.
With Marqeta’s technology, Coinbase has innovated to help users monetize their cryptocurrency holdings with:
“Coinbase set out to make spending from a cryptocurrency wallet as seamless as sending an email. With Marqeta’s flexible APIs, we’ve been able to create a customizable debit card that simplifies how cryptocurrency holders can make purchases. Its Gateway JIT Funding feature allows us to easily oversee transaction approvals and fund cryptocurrency wallet transactions at the prevailing dollar price in real time, ensuring our customers always have fast access to their money.”
Muneeb Imtiaz
Product Manager, Coinbase
How Marqeta enables users to monetize their crypto balances
Customer opens an account
The customer completes an online application process and begins to invest in crypto and other digital currencies.
Card issued
Marqeta issues a card enabling the cardholder to start using holdings in their cryptocurrency wallet immediately.
Card presented
The store processes the card just as they would any other Visa or Mastercard.
Transaction approved
Crypto app approves transaction based on the customer’s crypto balance. Crypto app debits customer’s cryptocurrency wallet balance.
Gateway JIT call sent
Marqeta sends gateway Just-in-Time (JIT) Funding call for crypto app to authorize transaction.
Auth requested
Marqeta’s platform is contacted by the appropriate network for authorization.
Notification received
Marqeta webhooks allow real-time notifications sent to customer upon transaction completion.
Funds released
Just-in-Time (JIT) Funding releases fiat funds to the card on approval and in real-time to complete the transaction.
Transaction completed
Authorization is successful and the payment is confirmed.
Customer opens an account
The customer completes an online application process and begins to invest in crypto and other digital currencies.
Card issued
Marqeta issues a card enabling the cardholder to start using holdings in their cryptocurrency wallet immediately.
Card presented
The store processes the card just as they would any other Visa or Mastercard.
Transaction approved
Crypto app approves transaction based on the customer’s crypto balance. Crypto app debits customer’s cryptocurrency wallet balance.
Gateway JIT call sent
Marqeta sends gateway Just-in-Time (JIT) Funding call for crypto app to authorize transaction.
Auth requested
Marqeta’s platform is contacted by the appropriate network for authorization.
Notification received
Marqeta webhooks allow real-time notifications sent to customer upon transaction completion.
Funds released
Just-in-Time (JIT) Funding releases fiat funds to the card on approval and in real-time to complete the transaction.
Transaction completed
Authorization is successful and the payment is confirmed.
“Fold was looking to bring a unique feature set to market: a card that could deliver gamified bitcoin rewards while incentivizing responsible spending and saving habits. We are proud to have a payments partner like Marqeta to help us navigate this.”
