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Phemex has introduced the Phemex Card, a virtual Mastercard debit card that allows eligible EEA users to spend USDT or USDC directly from their Spot account and earn unlimited cashback in USDT, with integration for mobile wallets like Apple Pay and Google Pay.
Phemex has launched the Phemex Card, a virtual Mastercard debit card designed for eligible users in the European Economic Area (EEA). The card allows users to make payments at merchants worldwide by spending USDT or USDC directly from their Spot account, with automatic conversion to fiat at the point of sale and no need to preload balances. According to Phemex, cardholders receive unlimited cashback in USDT, which is credited directly to their Spot account, and there are no fees for card issuance, maintenance, or annual use. The card integrates with mobile wallets such as Apple Pay and Google Pay and aims to facilitate the connection between crypto assets and everyday spending.
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Phemex is a cryptocurrency exchange offering spot and contract trading with a wide selection of cryptocurrencies and tokens, including Bitcoin, Ethereum, Litecoin, and Tether. The platform features low trading fees, leverage up to 100x for contracts, a demo account, educational resources, and investment programs with both flexible and fixed deposit options. For more details on its features and conditions, see the broker profile on Traders Union.
For more context, see our earlier news about Phemex launching a virtual Mastercard debit card that lets users pay globally with USDT or USDC and earn unlimited cashback in the previous Phemex update on Traders Union.