Blockchain.com, one of the world’s most trusted and popular cryptocurrency buying and selling platforms, today announced the debut of the highly anticipated Blockchain.com Visa® Card.
Initially available to U.S. residents, users can spend cryptocurrency or cash within Blockchain.com wallets without fees and earn 1% in cryptocurrency anywhere Visa debit cards are accepted.
The Blockchain.com Visa Card allows users to spend their cryptocurrency balances without fees and offers the opportunity to earn cryptocurrency rewards. Leveraging Visa’s (NYSE: V) payment network and Marqeta’s (NASDAQ: MQ) state-of-the-art card issuance platform, the Blockchain.com Visa card requires no signup, card issuance, or annual fees.
“As one of the oldest and most trusted platforms in the cryptocurrency industry, it is a natural next step in making cryptocurrencies easier to use in the real world and accessible to as many people as possible. We are delighted to be able to deploy ,” said Blockchain’s Peter Smith. com CEO and co-founder. “This is a prime example of how digital assets have left their mark on the existing financial services industry in shaping the future of (mainstream) finance.”
Marqeta’s 2022 State of Money Movement Survey Finds 38% of U.S. Consumers Surveyed Say They Own Cryptocurrencies, Increasing the Need to Enable Use of Cryptocurrencies in Everyday Scenarios I am emphasizing that Nearly all of the cryptocurrency owners surveyed (93%) said they hold cryptocurrencies like assets, but consumers say they would be more willing to use cryptocurrencies as a currency of exchange. With great demand, more than three-quarters (82%) of consumers surveyed globally said that if their cryptocurrency exchange offered a debit card that could be used for everyday purchases, they would would be interested.
Cuy Sheffield, Head of Crypto at Visa, said: “We are excited to partner with leading cryptocurrency wallets and exchanges like Blockchain.com to further expand the ways consumers can use cryptocurrencies for their everyday purchases.”
Marqeta’s industry-leading just-in-time funding capabilities allow Blockchain.com users to spend from their available cryptocurrency balances and settle transactions seamlessly in fiat currency. All Blockchain.com Visa cards are linked to a verified Blockchain.com wallet account. Customers can use their virtual or fiat currency balances to pay for goods and services online and physical at all U.S. merchants that accept Visa debit cards.
“Blockchain.com is one of the most dynamic crypto companies on the market today and we see great DNA fit in this new partnership,” said Simon Khalaf, Chief Product Officer at Marqeta. says. “Blockchain.com has built a large user base. Our platform uses the magic of just-in-time funding to allow customers to pay for their cryptocurrency wallets at the point of sale. Blockchain.com’s new Visa card is a textbook example of the potential of Marqeta’s technology, and as crypto evolves over the next few years, we will see more innovative products like this. We look forward to working together to build
Starting today, all US customers can join the 50,000 already on the waiting list (Blockchain.com/card). After the U.S. rollout, the card will be available to customers in more countries after 2023.
With over 80 million customers in over 200 countries, Blockchain.com makes using crypto easy with a powerful wallet, lightning-fast exchange, data-rich Explorer, and bespoke institutional business will do so. To date, he has traded over $1.2 trillion on the platform.