Blockchain.com partners with Visa to offer a crypto debit card
The launch of the new crypto debit card follows the announcement of similar products from FTX and BitOasis.
New
Crypto exchange Blockchain.com has partnered with Visa to launch a crypto card, initially only available to US residents, that allows users to pay using their crypto or cash balance anywhere Visa debit cards are accepted.
In an October 26 announcement, Blockchain.com revealed that there would be no sign-up or annual fees, no transaction fees, and users would earn 1% of all crypto purchases .
In an interview with Yahoo Finance, Blockchain.com CEO Peter Smith said that 50,000 cards have already been placed on a waiting list, noting:
“There is still a lot of demand for crypto products, but you are seeing demand moving away from trading and more towards people interested in using DeFi, using their balances.”
Following the announcement, Visa Chief Crypto Officer Cuy Sheffield emphasized that global acceptance is necessary for crypto adoption to continue to grow.
The card is powered by California-based payment company Marqeta, which helped develop crypto finance company Swipe's crypto visa card in September 2020.
This announcement follows Visa's announcement of a partnership with crypto exchange FTX to roll out a debit card in 40 countries on October 7.
Related: Japan's Int...
The launch of the new crypto debit card follows the announcement of similar products from FTX and BitOasis.
New
Crypto exchange Blockchain.com has partnered with Visa to launch a crypto card, initially only available to US residents, that allows users to pay using their crypto or cash balance anywhere Visa debit cards are accepted.
In an October 26 announcement, Blockchain.com revealed that there would be no sign-up or annual fees, no transaction fees, and users would earn 1% of all crypto purchases .
In an interview with Yahoo Finance, Blockchain.com CEO Peter Smith said that 50,000 cards have already been placed on a waiting list, noting:
“There is still a lot of demand for crypto products, but you are seeing demand moving away from trading and more towards people interested in using DeFi, using their balances.”
Following the announcement, Visa Chief Crypto Officer Cuy Sheffield emphasized that global acceptance is necessary for crypto adoption to continue to grow.
The card is powered by California-based payment company Marqeta, which helped develop crypto finance company Swipe's crypto visa card in September 2020.
This announcement follows Visa's announcement of a partnership with crypto exchange FTX to roll out a debit card in 40 countries on October 7.
Related: Japan's Int...
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