Blackсatсard: my prepaid cardApp Store
Our wallet review process
We examine wallets starting at the code level and continue all the way up to the finished app that lives on your device. Provided below is an outline of each of these steps along with security tips for you and general test results.
Application build test result
(Analysis from Android review)
It is unclear whether users may manage digital assets in this app. We couldn’t find a link to their twitter account.
We contacted them via email.
My name is Daniel and I am a researcher for a Bitcoin related website called walletscrutiny.com.
Black Cat Card is one of the apps we’re reviewing. However I could not install it from where I am.
From the screenshots and third-party information, I understand that it’s possible to send, receive and store bitcoins using the app - is this accurate?
I haven’t been able to find any tutorials or official documentation about this.
You can find our initial assessment over at https://walletscrutiny.com/android/com.papaya.blackcatcard/
Would appreciate the information, thank you!
Although DigiNord is an external service, it is integrated in the app, meaning BlackCatCard can hold your bitcoin.
Our verdict for this app is custodial.
Old Review 2021-09-03
Blackcatcard is a mobile application that offers an instantly ready European Mastercard thoroughly designed for online and offline purchases and accepted worldwide.
Sounds like it’s meant to be a payment app, although it also supports crypto. It also mentions offering a European Mastercard.
The integrated hot wallet, provided by our partner, allows you to store, receive and send a variety of cryptocurrencies directly in the app.
That means it’s possible to send and receive BTC. “Provided by their partner” implies that this utilizes external wallets.
How to prove my identity? As a financial institution, we must follow the “Know Your Customer” procedures. Therefore, during registration in mobile application, you scan an identity document (passport), as well as make a “selfie”.
Identity verification is also in use here.
BlackCatCard was rather vague about the crypto wallet provided, although there was this article online.
In addition to traditional fiat currency services, Blackcatcard also offers cryptocurrency services. This service is provided by our partner DigiNord OÜ and is integrated with Blackcatcard.
And on Diginord OU’s site:
In collaboration with BlackCatCard
We assume that DigiNord provides the cryptocurrency services and BlackCatCard integrates it into their app. Therefore this app is not a wallet.
Tests performed by Daniel Andrei R. Garcia
Do your own research
In addition to reading our analysis, it is important to do your own checks. Before transferring any bitcoin to your wallet, look up reviews for the wallet you want to use. They should be easy to find. If they aren't, that itself is a reason to be extra careful.