Rapidz Card
Rapidz Pay · Mastercard
The Rapidz Card is a custodial crypto card on the Mastercard network issued by Rapidz Pay, Inc. that converts cryptoassets into a dollar balance to spend globally. It supports multiple chains (Ethereum, Solana, Tron, Arbitrum and others) with custody handled by Fireblocks. Issuance is free, it offers no cashback (0%) and applies up to 2.5% markup on non-USD transactions plus a 2% ATM withdrawal fee. It currently exists as a virtual card (the physical one is listed as "coming soon"). Full KYC required. Rapidz Pay is registered as an MSB with FinCEN in the US, with additional licenses in Malaysia, Australia (AUSTRAC) and Lithuania (FNTT). The euro annual fee and ATM limits are not officially documented, so the annual fee is shown as 0; the founding year is undocumented and omitted. On TODEY the team is listed as unverified.
Data & conditions
| Network | Mastercard |
|---|---|
| Fund custody | Custodial (platform holds funds) |
| Issuance fee | Free |
| Annual fee | Free |
| ATM withdrawal | 2% |
| FX markup | 2.5% |
| Cashback | — |
| Contactless | Yes |
| Virtual card | Yes |
| KYC | Full |
| Privacy | 2/10 |
| Supported countries | US, LATAM |
| Funding / solidity | Rapidz Pay, Inc. e una societa privata con sede negli USA (operante anche come Rapidz Pay Pty Ltd in Australia) che offre la Rapidz Card, una carta crypto custodial su circuito Mastercard con custodia Fireblocks e supporto a oltre 16 criptovalute. |
| Estimated net annual cost | €0/year |
| Regulator | FinCEN (USA), AUSTRAC (Australia), FNTT (Lituania), Labuan FSA / Money Broking Business (Malaysia) |
| Segment | B2C |
| Funding / solidity | Rapidz Pay, Inc. is a private company headquartered in the US (also operating as Rapidz Pay Pty Ltd in Australia) offering the Rapidz Card, a custodial crypto card on the Mastercard network with Fireblocks custody and support for over 16 cryptocurrencies. |
| MiCA / License status | FinCEN MSB (USA)Money Broking Business Malaysia (MB/25/0129)AUSTRAC Digital Currency Exchange (Australia)FNTT Virtual Currency Exchange (Lithuania) Rapidz Pay is registered as a Money Services Business (MSB) with FinCEN in the US, as a Money Broking Business in Malaysia (licence MB/25/0129), as a Digital Currency Exchange with AUSTRAC in Australia and as a virtual currency exchange with the FNTT in Lithuania, subject to AML/CFT/KYC obligations. |
Strengths
- Free issuance and crypto-to-USD balance conversion on the Mastercard network
- Multi-chain support (Ethereum, Solana, Tron, Arbitrum) with Fireblocks custody
- Multiple regulatory registrations: FinCEN (USA), Malaysia, AUSTRAC, FNTT
- No notable sovereignty advantage documented.
Weaknesses
- Custodial model: funds are held by the issuer, no self-custody
- No cashback and FX markup up to 2.5% on non-USD transactions, plus 2% on ATM withdrawals
- Physical card not yet available and team not publicly verified on TODEY
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
- Subject to regulation (Rapidz Pay is registered as a Money Services Business (MSB) with FinCEN in the US, as a Money Broking Business in Malaysia (licence MB/25/0129), as a Digital Currency Exchange with AUSTRAC in Australia and as a virtual currency exchange with the FNTT in Lithuania, subject to AML/CFT/KYC obligations.): reporting to authorities and freezes on order.
Verdict
Custodial card: funds are held by Rapidz Pay (Fireblocks custody), with no self-custody of keys. The regulatory registrations (FinCEN MSB in the US, Malaysia, AUSTRAC, FNTT) provide an AML/KYC supervisory framework but do not guarantee protection of the user balance in case of insolvency. Overall protection is modest.
Low sovereignty: fully custodial model with mandatory full KYC and automatic conversion into a USD balance held by the issuer. No self-custody, weak privacy and full dependence on Rapidz Pay infrastructure.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
Is the Rapidz Card custodial?
Yes: funds are held by the issuer Rapidz Pay with custody via Fireblocks and converted into a USD balance at the point of payment, so you do not have self-custody of the keys.
How much does it cost to use the Rapidz Card abroad?
Issuance is free but up to 2.5% markup applies on non-USD transactions plus a 2% fee on ATM withdrawals; there is no cashback.
Sources
- Official service page Azienda · Licenses & registrations · Fee emissione · Url ufficiale · +4 Data verified on Jun 23, 2026
- todey.xyz Payment network · FX markup · ATM fees · Cashback · +4 Data verified on Jun 22, 2026