Blackcatcard, a prominent fintech brand under Papaya Ltd, has been honored with a prestigious accolade at the Malta Cryptocurrency Awards 2024. This annual awards ceremony celebrates innovation and excellence within the cryptocurrency and blockchain industry, acknowledging the remarkable contributions of companies, projects, and individuals.
Papaya Ltd: A Malta-based Financial Institution
Established in 2012, Papaya Ltd operates as a Malta-based financial institution holding a license from the Malta Financial Services Authority (MFSA) as an Electronic Money Institution (EMI). The company has established itself as a key player in the fintech sector, with a strong focus on leveraging technology to enhance financial services.
Recognition for Best Use of Crypto/Blockchain Technologies
Blackcatcard’s victory in the category of Best Use of Crypto/Blockchain Technologies underscores Papaya’s commitment to making cryptocurrency more accessible to the masses. Through its Blackcatcard brand, Papaya offers a comprehensive suite of services, including a built-in partner crypto service, enabling customers to easily store, receive, send, buy, and sell digital assets. This unique feature distinguishes Blackcatcard from its competitors and has garnered attention from crypto enthusiasts worldwide.
Collaboration with Binance Pay
In December 2023, Blackcatcard announced a groundbreaking collaboration with Binance Pay, the payment solution offered by the world’s largest cryptocurrency exchange, Binance. This collaboration allows Binance users to seamlessly convert their crypto assets to euros and withdraw them to their Blackcatcard IBAN accounts linked to payment cards. Subsequently, clients can utilize these euros for online or offline card payments, ATM withdrawals, and money transfers, ushering in a new era of integrating cryptocurrency into daily financial transactions.
Gratitude and Determination
Expressing gratitude for the recognition, Katerina Bozhkova, Head of B2B Marketing at Papaya Ltd, emphasized the collective effort of the Papaya team in achieving this milestone. Bozhkova highlighted the significance of the award as validation of their alignment with the evolving dynamics of the crypto-fiat realm. She affirmed Papaya’s commitment to shaping the future of banking in the digital age, with cryptocurrency playing a pivotal role in their journey. Looking ahead, Bozhkova expressed optimism for future achievements and the continuation of their pioneering efforts in the fintech landscape.