Official Press Release
2gether collaborates with Visa to enable people to spend their crypto on anything from bubblegum to new shoes with one swipe of a prepaid Visa card, now available in the 19 eurozone countries
Madrid – June 2019 – Following its successful beta launch in Spain, 2gether, the first collaborative banking platform, has announced the company’s European expansion. 2gether, advised by KPMG and A.T. Kearney, is empowering users to spend their crypto anywhere, anytime, with one swipe of the 2gether card. On April 10th, 2gether users will be able to use 2gether’s prepaid Visa card in any of the 19 eurozone countries.
Crypto companies have been talking the talk when it comes to mass adoption, but not actually walking the walk. Crypto is still not widely accepted everywhere, and the places that do accept crypto are not usually places that the average person wants to shop, like malls, movie theaters, or local bars. Currently, spending crypto is a long and difficult process involving exchanges, personal keys, and lots of waiting.
2gether’s prepaid Visa card allows users to convert cryptocurrency to euros, and to spend those euros anywhere Visa is accepted, instantly and without fees. Whether it be shopping at your favorite boutique or taking a friend out for dinner, users simply swipe their 2gether card and it seamlessly integrates cryptocurrency into their everyday lives. Pay for parking at the theater, tickets to the premier, and even butter for the popcorn – all with crypto converted to euros, as easily as swiping a Visa card.
The 2gether customer can:
2gether users will be able to hold euros, managed by Pecunia Cards E.D.E. (Pecunpay), a regulated Electronic Money Institution (EMI), and cryptocurrencies, held on crypto exchanges and wallets managed by the company. When a user wants to pay with crypto, Pecunpay authorizes the transaction and automatically settles it in euros, 2gether converts the crypto into euros in real time and rebalances the treasury accounts. The merchant receives the payment in euros, and the user is debited in crypto.
In the near future, 2gether will aggregate accounts from other banks, incorporate artificial intelligence and machine learning technologies to facilitate financial decisions, and set-up a contextual marketplace for users to purchase financial products and services, all through the 2gether app.
“2gether is building the banking service of the future, where consumers take full ownership and control of the services they use and go beyond solely interacting with euros and dollars,” says Ramón Ferraz, CEO of 2gether. “To date, there has been no consumer-owned, tangible application that connects crypto and the mainstream market. We’re proud to be one of the first companies in the crypto space launching a token sale with an already finished product.”
“It’s an exciting time in the global payments industry as innovators inject new ideas and technologies to enable seamless commerce for everyone, everywhere. We value the opportunity to collaborate with fintech partners like 2gether to develop cutting-edge payments solutions for businesses and consumers”, says Carmen Alonso, Visa General Manager in Spain.
EU citizens can now download the app on Google Play and the App Store, pass the KYC process, and enjoy all the services featured on the app. User are asked to buy a minimum of €10 of 2GT tokens to fund the project and become part of the 2gether community.
Led by CEO Ramón Ferraz and senior professionals in the field, 2gether’s aim is to build the
financial platform that customers would build for themselves. Founded in 2016, the digital
platform is successfully bridging the gap between crypto users and the mainstream market to
simplify customers’ financial decisions. 2gether is developing the bank of the future, a future
where users take control and full ownership of the services, move beyond solely interacting with
euros and dollars, and augment their financial decisions through the use of exponential
technologies such as artificial intelligence, big data and blockchain.
Visa Inc. (NYSE: V) is the world leader in electronic and digital payments. Its mission is to
connect the world through the most innovative, reliable, and secure payment network. Visa’s
advanced global processing network, VisaNet, provides secure and reliable payments around
the world, and is capable of handling more than 65,000 transaction messages a second. The
company’s relentless focus on innovation is a catalyst for the rapid growth of connected
commerce on any device, and a driving force behind the dream of a cashless future for
everyone, everywhere. As the world moves from analog to digital, Visa is applying its brand,
products, people, network, and scale to reshape the future of commerce.
About PECUNIA CARDS E.D.E.:
Commercially known as Pecunpay, PECUNIA CARDS E.D.E. is an electronic money institution
(EMI) supervised by the Spanish Central Bank. Pecunpay provides innovative resources and
capabilities for clients so they can offer financial solutions without giving up their own brand.
Pecunpay’s clients are protected by Pecunpay’s legal and technology coverage. The company’s vision is to become a leader in new forms of payment and money exchange providing services
to the main Spanish and international financial institutions.
Ramón Ferraz, CEO
Salvador Casquero, Founder & Business Development
Salvador Carrillo, Founder & Product
Luis Estrada, Founder & Technology Senior Vice President