Crypto exchange Blockchain.com has partnered with Visa to launch a crypto card, available to only United States residents initially, which allows users to pay using their crypto or cash balance wherever Visa debit cards are accepted.
In a Yahoo Finance interview, Blockchain.com CEO Peter Smith said the card already had 50,000 signed onto a waiting list, noting: “There’s still a lot of demand for crypto products, but you’re seeing that demand shift away from trading and more towards folks that are interested in using DeFi, using their balances.”
BitOasis customers will be able to link their wallets to the new card and convert crypto into fiat to enable the use of Mastercard’s global merchant network, with the card expected to launch in early 2023.
Research tells us that 47% of the Middle East population now believe crypto is the future of money.”
The partnership follows a $30 million Series B funding round from BitOasis which closed in October 2021.
The funding facilitated the expansion of its Dubai-based platform into MENA.
Source: Cointelegraph
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