Blockchain.com Introduces Visa Debit Card For U.S. Users
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Users Can Pay in Crypto or Fiat Using Visa Card
Blockchain.com users can use their available cryptocurrency balance to make purchases using Marqeta's, a market-leading Just-in-Time Funding technology, which smoothly settles cash transactions. Each verified Blockchain.com Wallet account would be associated with a unique Blockchain.com Visa Debit Card. At any US retailer that accepts Visa debit cards, customers can utilize their cryptocurrency or fiat balance to pay for online and offline goods and services.
Blockchain.com, which has over 80 million users across 200 countries, makes cryptocurrency easy to use by offering a robust wallet, lightning-fast Exchange, data-rich explorer, and a tailored institutional business. To date, transactions on its platform total more than $1.2 trillion.
Over 50k Users Sign-up For Card
Blockchain.com CEO Peter Smith claimed in an interview that 50,000 people had already signed up for the card's waiting list, stating that there is still a high demand for cryptocurrency products. It is now primarily coming from people interested in using DeFi and their balances rather than trading.
Cuy Sheffield, the head of the cryptocurrency at Visa, commented after the announcement to the effect that continued growth in crypto usage requires global acceptability.
Blockchain.com To Raise Money at a Significant Discount
According to the reports, Blockchain.com, which had a valuation of $14 billion when it raised money earlier this year, might only attract $3 to $4 billion in a new investment round. The sources reveal that nothing has been finalized, and the funding discussions are still in the early stages.
