Huobi and Solaris, two leading cryptocurrency companies, have collaborated to launch a new Visa-backed debit card, which enables users to easily spend their cryptocurrency holdings in the real world.
Debit Card For Seamless Crypto Withdrawal
The new debit card is designed to make it easy for users to access their crypto assets and use them to make purchases or withdraw cash at ATMs. It is linked to a mobile app, which allows users to track their transactions and manage their accounts. The card can be used at any merchant that accepts Visa, and it can also be used to withdraw cash at ATMs.
This partnership is a major step forward in the mainstream adoption of cryptocurrency. By making it easy for users to spend their crypto assets in the real world, it is hoped that more people will be encouraged to start using and investing in cryptocurrency.
The new debit card is also expected to drive more business to merchants that accept Visa, as it will make it easier for users to spend their crypto assets with them.
Also read:One of the main advantages of the debit card is that it allows users to spend their cryptocurrency holdings without having to convert them to fiat currency first.
This can save users money on conversion fees, and it also allows them to take advantage of any potential price appreciation of their crypto assets. Additionally, the debit card is also designed to be extremely secure, as it uses advanced security features to protect users’ assets and personal information.
Visa’s Collaboration History With Crypto Firms
Visa has sometime in the past collaborated with crypto companies, working with firms like Binance exchange, ZELF a fintech company to use this Visa debit card in their firms.
This card enables seamless use of cryptocurrencies and also allows users to open USD accounts with information.
The launch of this card is a significant milestone for both Huobi and Solaris. It marks a new chapter in the evolution of cryptocurrency and how it is used in the real world. With the card, both companies aim to make it easier for people to access and use their crypto assets, and to pave the way for more widespread adoption of cryptocurrency in the future.
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