Blockchain.com Launches Crypto Visa Card

Cryptocurrency firm Blockchain.com, announced the launch of a pre-paid crypto-centric Visa card. The firm joins the likes of Crypto.com, Ripio, Coinbase, Bitpay, and FTX to have a crypto-loadable prepaid Visa card.

Blockchain.com announced that it will launch a new crypto-centric pre-paid Visa card and so far, over 50,000 users have registered for the waitlist signup. According to a press release, Blockchain.com Visa users can “spend from a crypto balance fee-free and offer the opportunity to earn crypto rewards.” The Visa Card has already more than 50,000 waitlist sign-ups and is set to onboard more Blockchain.com users. The card will initially be available to U.S. residents and users can spend their crypto or cash within their Blockchain.com wallets without fees. Users will also earn back 1% in crypto anywhere Visa debit cards are accepted.

CEO and co-founder of Blockchain.com, Peter Smith, said:

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. This is a prime example of digital assets making their mark on the existing financial services industry, as we shape the future of (mainstream) finance.

Visa Card Built on Marqeta’s Open API

The Visa card was built on Marqeta’s open application programming interface (API), which is a card issuing platform that allows Blockchain.com to create customised and innovative payment cards for its users. The open API allows Blockchain.com to build configurable and flexible payment experiences, thereby accelerating product development and democratising access to card-issuing technology. With Marqeta’s technology, Blockchain.com is able to launch and manage its own card program, issue cards and authorise and settle transactions.

Each Blockchain.com Visa Card is linked to a verifiable Blockchain.com Wallet account and customers will be able to use their crypto or fiat balance to pay online and for physical goods and services at every U.S. merchant that accepts Visa cards.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.