Cryptocurrency financial services firm Blockchain.com has announced the debut of its Visa debit card.
From Thursday, October 27, the Blockchain.com Visa debit card became available to US residents with the view of branching out its availability to customers in other countries next year. The card has already accumulated 50,000 people on its sign-up waitlist.
As well as cardholders having the opportunity to earn crypto rewards, they can use or spend their crypto within their Blockchain.com wallet without incurring fees alongside earning 1% back in crypto wherever the Visa debit card is accepted.
The Blockchain.com Visa card leverages Visa’s payments network and Marqeta’s modern card issuing platform by eliminating sign-ups, card issuance and annual fees.
Marqeta enables Blockchain.com users to spend their crypto balance and settle the transactions in fiat. Each Blockchain.com Visa card will be linked to a verified Blockchain.com wallet account where customers can pay for online or physical goods.
“As one of the crypto industry's oldest and most trusted platforms, we're excited to roll out the natural next step to make crypto easy to use in the real world and accessible to as many people as possible”, said Blockchain.com’s CEO and co-founder Peter Smith.
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