Lama Revolutionizes Crypto Spending with Visa Cards Offering 2% Bitcoin Cashback

Key Highlights

• Lama, a regulated EU cryptocurrency exchange, announces the issuance of Visa cards to its users, enabling instant conversion of crypto to fiat and spending at any Visa-accepting location.
• Following the exciting development, Lama offers users the opportunity to earn up to 2% cashback in Bitcoin, enhancing the appeal of using the Lama Visa cards for transactions.
• The exchange further revealed that it has designed three Visa card plans to cater to different user preferences.

Lama, a renowned cryptocurrency exchange, is making waves in the crypto world with its unrelenting commitment to revolutionizing crypto spending. Lama has announced today the issuance of Visa cards to its users.

Best Crypto Credit Cards with Spending Rewards

Per the official announcement, the introduction of these physical and virtual cards will allow crypto enthusiasts to instantly convert their digital assets into fiat currency and spend them at any establishment that accepts Visa. In an exciting twist, Lama is offering an exclusive benefit for its Gold plan users—an enticing 2% Bitcoin cashback on all purchases made with the card.

Being a regulated EU cryptocurrency exchange that prioritizes the integration of crypto with mainstream financial services, the introduction of the Lama-branded Visa cards marks a significant milestone for the company. Since its launch in 2022, Lama has been dedicated to bridging the gap between crypto and mainstream financial services. The company has been relentless in its pursuit of innovative products that facilitate seamless crypto-fiat transfers.

Through its partnership with Ledger, Lama utilizes institutional-grade custody service technology to ensure the safety and security of customer funds. Being certified PCI DSS compliant, Lama has gained the ability to provide Visa cards to its users, simplifying the transition between fiat and cryptocurrencies.

Notably, the Visa cards offered by Lama provide users with the freedom to spend their cryptocurrencies and euros at any physical or online store that accepts Visa. As an added incentive, users can earn up to 2% cashback on all purchases, which will be paid out in . This unique feature sets Lama apart from its competitors and offers users a tangible benefit for their crypto spending.

Lama Visa Card Plans: Bronze, Silver, and Gold, Designed for Every User’s Needs

To cater to the diverse needs of its users, Lama has meticulously crafted three Visa card plans. The Bronze card, available for free, grants users access to a single virtual card for online spending. The Silver plan, priced at €9.99 per month, includes up to three virtual cards, one physical card, and offers 1% BTC cashback on all purchases. For those seeking even greater rewards, the Gold plan, priced at €19.99 per month, provides up to five virtual cards, one physical card, and an impressive 2% BTC cashback.

Brigham Santos, the Head of Operations at Lama, expressed his enthusiasm for the new Visa card offering, stating, “The Lama Visa card is an essential tool for anyone looking to make the most of their crypto assets. By using Lama Visa cards, users will easily convert and spend their digital currency at millions of merchants worldwide. This makes crypto tangible and accessible, allowing users to fully participate in the global economy.”

Remarkably, Lama’s inclusion in Visa’s crypto card program further solidifies the exchange’s position as a leader in the industry. Visa has partnered with 50 of the top crypto platforms to create white-label Visa-branded debit cards, enabling easy spending of digital currencies with 70 million merchants globally. Lama’s involvement in this program serves as a testament to the exchange’s centralized status and its commitment to strict compliance policies that meet regulatory requirements.

Arguably, with the introduction of the Lama Visa card, cryptocurrency adoption is set to take a significant leap forward. The card provides a seamless experience for users to spend their digital assets in everyday life while also offering the convenience of swapping between fiat and crypto. This development allows users to enjoy the advantages of holding digital assets while ensuring instant access to their funds for everyday payments.