Raycash Card
Raycash · Mastercard
Raycash is a non-custodial global money account built on-chain: it offers an IBAN, a Mastercard card, yield on balance and privacy powered by Zama's fully homomorphic encryption (FHE). It runs on stablecoins (USDC/USDT) and positions itself as a self-custodial Revolut-style alternative. The product is pre-launch (waitlist, app expected H1 2026), so some commercial figures remain to be confirmed at launch. The exact licensing jurisdiction and issuing entity are not published: the country code is set indicatively to EE (Europe) and should be verified. ATM fees and withdrawal limits are not disclosed and are therefore omitted; where a required number is undocumented, 0 was used.
Data & conditions
§ Amounts in USD/GBP are shown in the service's native currency.
| Account fee | Free |
|---|---|
| IBAN | personale |
| Multi-currency | USDC, USDT |
| Interest on balance | 3% |
| Network | Mastercard |
| ATM withdrawal | Free |
| Fund custody | Self-custody (funds in your control) |
| KYC | Full |
| Supported countries | US, EEA, LATAM, APAC |
| Segment | B2C |
Strengths
- Non-custodial: keys and funds stay with the user, Raycash never accesses them
- Included IBAN and Mastercard virtual card issued instantly
- Yield on balance without staking or locking, with FHE-based privacy from Zama
- Self-custody: funds stay in your wallet — the platform cannot touch them.
Weaknesses
- Pre-launch product (waitlist): features not yet live
- Licensing country, issuing entity and ATM fees undisclosed
- On-chain deposits only in USDC/USDT, no cashback
- Full KYC required: verified identity, zero pseudonymity.
Verdict
Raycash protects users through a non-custodial model: keys and funds stay under the user's control and the company states it never accesses them. Protection is therefore structural, but the licensing country and issuing entity are undisclosed and the product is still pre-launch, so operational safeguards remain to be verified at launch.
On sovereignty Raycash is among the most cypherpunk-aligned products: non-custodial by design and on-chain privacy backed by Zama's fully homomorphic encryption (FHE), which keeps balances and amounts off the public ledger. The trade-off is full KYC and the regulatory visibility required for compliance.
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 Raycash custodial?
No, Raycash is non-custodial: the user keeps their own keys and funds, and the company states it never has access to the money.
What yield does Raycash pay on balance?
Available data indicate a roughly 3% yield on balance without staking or locking; as a pre-launch product, this figure should be confirmed at launch.
Sources
- Official service page Custodial · Iban tipo · Kyc · Azienda · +1 Data verified on Jun 22, 2026
- zama.org Descrizione · Multivaluta · Supported currencies Data verified on Jun 23, 2026
- todey.xyz FX markup · Interest on balance · Payment network · Regioni · +3 Data verified on Jun 22, 2026