Phantom Wallet has taken a significant step toward integrating decentralized finance (DeFi) into everyday life by rolling out early access to its prepaid Visa debit card for users across the United States. Dubbed "Phantom Cash," this new feature allows users to spend directly from their on-chain stablecoin balances through virtual cards compatible with both Apple Pay and Google Pay.

The move is a clear effort to transition the popular crypto wallet from a simple token storage solution into a comprehensive, everyday money application. The company announced the phased release will begin immediately for those on the waitlist, with broader access opening up throughout the week. While the initial focus is on the U.S. market, Phantom has confirmed that international expansion is planned for a later stage.
<h2>Seamless Spending Directly from the Blockchain</h2>
[embed]https://twitter.com/phantom/status/2000313993714643141[/embed]

The core innovation of the Phantom Cash debit card lies in its ability to facilitate direct spending from an on-chain balance. The card is backed by CASH, a U.S. dollar-pegged stablecoin that resides on the <a href="https://share.google/rhXyPuIOnPBk229X4">Solana blockchain</a>.

Crucially, the user experience mimics that of a traditional debit card: when a purchase is made at the point of sale, the app instantly converts the on-chain stablecoin balance into fiat currency (dollars). This eliminates the need for users to manually sell their cryptocurrency or pre-load a separate balance before spending, offering a truly crypto-native yet familiar payment experience. Users receive a virtual card first, with physical cards expected to follow.
<h2>Part of a Broader Financial Hub Strategy</h2>
This debit card launch is the latest step in Phantom's strategy to evolve beyond basic swaps and token storage. It builds upon the earlier introduction of a dedicated Cash tab within the wallet, which supports instant, gasless peer-to-peer <a href="https://www.cryptoknowmics.com/news/cardano-holder-loses-6m-in-ada-due-to-illiquid-stablecoin-swap-error/">stablecoin</a> transfers using unique Phantom usernames.

Accessing the debit card requires necessary identity verification, which subsequently unlocks other key features, including direct bank transfers and seamless on- and off-ramps for funds. With over fifteen million monthly active users across several major chains (Solana, Ethereum, Bitcoin, and Sui), Phantom is aggressively expanding its functionality to become a lightweight financial hub. This makes the wallet a direct competitor to other exchanges and wallets that have introduced crypto-linked payment cards, with Phantom distinguishing itself by maintaining funds on-chain until the exact moment of transaction.

Phantom Wallet Launches On-Chain Debit Card for U.S. Users

Phantom Wallet begins early access for its prepaid Visa debit card in the U.S., allowing users to spend on-chain stablecoins via Apple/Google Pay.

Phantom Wallet Launches On-Chain Debit Card for U.S. Users

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