Earlier on this year we took a huge step on our path to going bankless with our money in upgrade. It’s the feature that enables our users to buy crypto directly in-app using their debit or credit card, providing an easy entry into the world of decentralised finance. Today, we’re pleased to announce a big update to our money in feature.
Monolith now supports Mastercard, meaning you can use yours to convert FIAT money straight into crypto via our app. Mastercard can be used to buy DAI, the base cryptocurrency of the Monolith experience. DAI can then be converted to ETH, SNX, YFI, WBTC — any of our supported ERC-20 tokens, in fact — thanks to our integrated ParaSwap feature.
As with every fiat-to-crypto purchase on Monolith, this service is available at 0% fees. The minimum top-up is £/€250, with a maximum of £/€2,250 daily, and up to £/€50,000 over the course of a year.
Buying crypto with Mastercard using our app is easy.
Read our step-by-step guide here.
Download the Monolith app here.
