Blockchain.com Accepts Visa Debit Cards for Crypto Payment

BlockchainVisa debit cards payments are accepted by.com to allow users to use their crypto balances without any fees. Users also have the chance to earn cryptocurrency rewards.

The following is the announcement:

“Initially available to US residents, users can spend their crypto or cash within their Blockchain.com Wallet without fees and earn 1% back in crypto anywhere Visa debit cards are accepted.”

Blockchain.com Visa Card seeks to make crypto usage easier, given that it leverages Marqeta’s latest card issuing platform and Visa’s payments network. 

Peter Smith, co-founder and CEO at Blockchain.com, highlighted:

“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.” 

He stated that the Blockchain.com Visa Card could play a pivotal role in shaping the future mainstream finance. 

Based on Marqeta’s notable Just-in-Time Funding feature, Blockchain.com users will have the chance to seamlessly transact in fiat From their crypto balances. 

Because each Blockchain.com Visa card is linked to an approved Blockchain.com Wallet, this will make it possible.

Simon Khalaf, Marqeta’s chief product officer, stated:

“Blockchain.com has built up a massive user base, and we’re proud that our platform can make it possible for their customers to spend against their cryptocurrency wallet at the point of sale, using the magic of Just-in-Time funding.” 

With Marqeta’s 2022 State of Money Movement survey disclosing that 38% of US consumers are crypto owners, it highlighted the surging need for crypto usage in daily scenarios.

Cuy Sheffield, head of crypto at Visa noted:

“At Visa, we believe for crypto adoption to grow, it’s critical for it to be easily accepted everywhere. We’re excited to partner with leading crypto wallets and exchanges like Blockchain.com to unlock more ways consumers can use their crypto for everyday purchases.”

Meanwhile, Mastercard recently inked a deal with BitOasis to establish a series of crypto card programs aimed at boosting daily cryptocurrency usage in the Middle East & North Africa (MENA) region, Blockchain.News reported. 

Source: Shutterstock

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