certify
Home arrow Article arrow Article Detail

Visa and Blockchain.com joined to provide a crypto visa card

Profile Image

Indrani bose Follow

INDIA

Nov, 01 2022

Nov, 01 2022

likes | comments 0

Article Image

Visa and Blockchain.com collaborate to provide a crypto debit card. Users of the Blockchain.com Visa will receive 1% back in cryptocurrency after using the card. 


A new crypto-focused pre-paid Visa card has been launched which will initially be only available to United States residents, as announced by cryptocurrency company Blockchain.com. Wherever Visa debit cards are accepted, users can pay using their crypto or cash balances. The introduction of the cryptocurrency Visa card is powered by the California-based card issuing platform Marqeta. Around 50,000 customers have already signed up for the waitlist for the company’s new crypto payments card 


Users of the Blockchain.com Visa will receive 1% back in cryptocurrency whenever they use the card. In addition, according to Blockchain.com, there will be no sign-up or annual fees, and no transaction fees. 


Blockchain.com has announced the release of a new cryptocurrency-loadable pre-paid Visa card, joining the ranks of companies like Crypto.com, Ripio, Bitso, Coinbase, Bitpay, Blockfi, and FTX. As announced recently that Blockchain.com Visa users will be able to use their crypto balances fee-free. 


The launch of the Blockchain.com Visa card comes after the company signed a multi-year cooperation agreement with Dallas Cowboys quarterback Dak Prescott. The business previously signed a contract to become the Dallas Cowboys' "exclusive digital asset partner" in the middle of April. Cuy Sheffield, the president of Visa's cryptocurrency division highlighted that continued growth in crypto usage requires global approval after the news. 


The card is powered by Marqeta, which helped develop the crypto visa card of crypto finance firm Swipe in September 2020. The declaration comes after Visa announced in October that it would roll out a debit card in 40 countries in partnership with crypto exchange FTX. 


Other firm planning to launch crypto cards:

Recently, Mastercard the primary rival of Visa, agreed to a strategic alliance with BitOasis, the top cryptocurrency platform in the Middle East and North Africa (MENA). This deal was made to introduce a number of crypto card programs aiming to speed up the uptake of digital assets in the region. The BitOasis card will be launched early in 2023 and enable BitOasis customers to use Mastercard's global merchant network by converting crypto into fiat. Following BitOasis' $30 million Series B funding round that closed in October 2021, the company has entered into this partnership. 


likes | comments 0

Profile Image

Indrani bose

CBW - External Analyst

INDIA

Comments
Data Centre Construction - World First artificial intelligence AI-Tech Utility Token
banner
Article
EAC to decide details about launching regional central bank in 2023

When it would be launched and the proposed central bank’s location are the details to be decided. The establishment of the regional central bank is expected to assist the EAC in meeting its three....;

Disclaimer: The information is for informational purposes only.​ This advertisement does not constitute financial advice or any other advice. You should consult with a financial professional to determine what may be best for your individual needs. None of the information and/or content available through this advertisement is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any company, financial product, security or commodity. To the maximum extent permitted by law, we disclaim any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable or result in any investment or other losses. In Making the investment decision, investors must rely on their own examination of the issuer and the terms of the offerings, including the merits and risks involved. Investments are speculative, illiquid, and involve a high degree of risk , including the possible loss of investment.