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Visa and Huobi collaborate to launch the Huobi Visa ATM card

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Indrani bose Follow

INDIA

Jan, 02 2023

Jan, 02 2023

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Visa and Huobi collaborate to launch the Huobi Visa ATM card which will be made available in a number of European markets initiallyHuobi Global, one of the world's most well-known cryptocurrency exchange platforms based in Seychelles, recently announced its plan to join with online payments leader Visa to launch the Huobi Visa Card.


According to the post, the cooperation will assist the exchange in creating and issuing "Huobi Visa Card" globally. The card's key goal is to benefit card users from a more effective fiat-to-crypto conversion gateway hence the proposal will increase the ease of access for cryptocurrency investors.


It will be the company's very own international ATM card which will be made available in a number of European markets during the initial rollout. Last week, the businesses said that they would issue the Huobi Visa debit card in a number of nations.


Once the Visa card is released, users' Huobi accounts will be connected to it. Existing Huobi users can link the cards to their accounts. Users can use the balances of their virtual assets to make purchases at any of the 80 million Visa merchant locations across the world. Customers with crypto will use their digital currencies without much trouble using these debit cards. The Huobi Visa Card offers users additional advantages that come with and are not limited to cashback coupons, APY booster coupons, sure-win coupon airdrops, and other privileges offered by the Huobi Earn program.


In their efforts to close the gap between the cryptocurrency ecosystem and traditional banking, Huobi and Visa have taken this step. This initiative seeks to further the growth of the virtual assets industry while also providing users with a more effective fiat-to-crypto conduct.


Additionally, the cooperation enables the growth of the virtual asset sector as a whole. Visa today supports a roughly 3.3 billion individual customer base and operates in at least 200 countries. Huobi will be relying on Visa's sizable customer base to support its objectives for promoting the use of virtual assets all over the world. Additionally, Huobi will be expecting that its participation in this alliance would help to increase global financial inclusion.  


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Indrani bose

CBW - External Analyst

INDIA

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