Blockchain.com has accepted Visa debit card payments to allow users to spend from their crypto balances for free with the ability to earn crypto rewards. “Initially available to US residents, users can disburse their cryptos or cash in their Blockchain.com wallet with no fees and make 1 cent in crypto anywhere Visa debit cards are received.
Blockchain.com Visa Card seeks to facilitate cryptography by taking advantage of the latest Marqeta card issuance platform and Visa payment network.
Peter Smith, Co-Founder and CEO of Blockchain.com, said: “As one of the oldest and most trusted platforms in the crypto industry, we are excited to implement the next natural step in simplifying the use of crypto. use” in the real world and accessible to as many people as possible.” Added blockchain.com The Visa card would play a crucial role in shaping the future of conventional finance. Based on Marqeta’s outstanding just-in-time funding capability, Blockchain.com users can seamlessly transact fiat from their available crypto balances.
This is possible because each Blockchain.com Visa card is linked to an approved blockchain. Wallet-Konto com. Simon Khalaf, Product Manager at Marqeta, stated: Blockchain.com has built an enormous user base, and we are proud that our platform can enable customers to spend at the point of sale against their cryptocurrency wallet, with the magic of just-in-time financing”. The 2022 Marqeta State of Money Movement survey, which found that 38% of US consumers own cryptocurrencies, highlighted the growing need to use cryptocurrencies in everyday scenarios. Buy Sheffield, Head of Cryptocurrency at Visa, said:
“At Visa, we believe that it is critical for the spread of cryptocurrency to be accepted everywhere. We are excited to partner with leading cryptocurrency wallets and exchanges on the blockchain. Com to find more ways consumers can use their cryptocurrency for everyday purchases. Meanwhile, Mastercard recently signed an agreement with BitOasis to set up a series of crypto card programs to increase the world’s regular use of cryptocurrencies and Promote the Middle East and North Africa (MENA) Region, Blockchain. News reported.