- Huobi teams up with Visa to release a card to simplify fiat-to-crypto transactions.
- Linked to their Huobi account, this card is valid at 80 million merchants globally.
- The card will first be released in Europe, with plans to expand to other regions.
Huobi outlined their plan to distribute the Huobi Visa Card globally. One of the world’s leading asset exchanges anticipates this to streamline the fiat-to-crypto gateway for their consumers and foster the growth of the virtual asset industry.
Justin Sun of Huobi’s Global Advisory Board said,
This launch of the Huobi Visa Card marks a significant milestone in Huobi’s push toward making virtual assets available to all. Huobi and Visa are both prominent leaders in their respective industries, and with the Huobi-branded card, we hope to contribute toward global financial inclusion.
The introduction of this new card by Huobi indicates their willingness to advance the adoption of virtual assets. The Huobi Visa Card will enter multiple European markets to kick off the rollout, with plans to expand to additional regions shortly thereafter.
Cuy Sheffield, head of crypto at Visa, expressed:
Visa wants to serve as the bridge between the crypto ecosystem and our global network of merchants and financial institutions. We’re excited to work with innovative platforms like Huobi to make it easy and seamless for consumers to spend from a crypto balance—anywhere Visa is accepted.
With this card, customers can use cryptocurrencies at the 80 million retailers that accept Visa globally. It is linked to their Huobi account and makes it simple to convert digital assets to fiat currencies for everyday transactions.
Huobi highlights the card’s several perks, which include coupons for boosted APY and trading fee reimbursement as well as the ability to invest in Huobi Earn commodities, among other benefits. The card will have five tiers based on the number of transactions made by the users.