Blockchain & Crypto & Visa Launch Crypto Debit Card

A competitor to similar products from FTX and BitOasis, the crypto debit card from has 50,000 customers on its waiting list

Crypto Debit Card & Visa Launch Crypto Debit Card. Source:

Crypto exchange cooperates with Visa to launch a crypto card. Initially, it would be available to U.S. residents only. 

The new product allows paying with both crypto and cash balances wherever Visa debit cards are accepted. Besides, the cardholders would earn 1% of all purchases back in crypto.

"The idea is you can take your card... and can easily spend from any balance inside your blockchain wallet... and you can toggle between which asset you spend from."
Peter Smith, CEO

As for the fees, those are practically zero. In particular, there would be no sign-up or annual fees. Transaction fees are also absent. 

The card is fueled by California-based payments company Marqeta. There are already 50,000 customers registered on the card waiting list. 

Earlier this month, two similar products from BitOasis and FTX were announced. While the latter also partnered with Visa for a crypto debit card, BitOasis teamed up with Mastercard to facilitate cryptocurrency payments at e-commerce platforms and physical stores. CEO, Peter Smith has noted that customer demand for crypto products is shifting from trading to DeFi. At the same time, Visa’s head of crypto, Cuy Sheffield, pointed out that worldwide acceptance is necessary for crypto adoption to grow. 


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Nina Bobro

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Nina is passionate about financial technologies and environmental issues, reporting on the industry news and the most exciting projects that build their offerings around the intersection of fintech and sustainability.