WhiteBIT, Visa Launch Nova Debit Card: Why Are Crypto Traders Excited? 

WhiteBIT, a European cryptocurrency exchange is now partnering with Visa to present the WhiteBIT Nova debit card. This card aims to bring crypto payments to everyday life. The card allows European Union residents to spend digital assets and earn up to 10% cashback as a standard benefit.

It has a $0 activation fee and high number of cryptocurrencies supported. They have also made it compatibility with Apple Pay which puts is at the forefront of the space.

WhiteBIT to Redefine Crypto Payments in Europe?

The WhiteBIT Nova debit card simplifies cryptocurrency adoption by enabling users to spend digital assets for daily transactions. The card offers flexibility for various user preferences and is available in both physical and digital formats.

The virtual card, however, is available as soon as the user signs up for it while offering the actual card ATM cash withdrawal as well as a higher purchase limit. The issuing of the plastic card may take up to 10 business days and costs about €10.

CEO Volodymyr Nosov highlighted the significance of this launch, stating,

“The WhiteBIT Nova card is a major step in making cryptocurrency a practical choice for everyday transactions, particularly in Europe, a key market for our growth.”

He emphasized the company’s goal of fostering mass blockchain adoption by bridging the gap between traditional finance and digital assets.

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Some of the many supported cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Dogecoin (DOGE). The card does not have problems like activation deposits or service fees through which users can include cryptocurrencies in their everyday usage.

Cashback Rewards as a Standard Feature

The cashback program of the card is another unique aspect of the WhiteBIT Nova card. Users are to be rewarded for all their transactions via this card. Cashback depends on the category. The most popular are groceries that provide 1% back, restaurants and taxis at 3%, pet supplies at 5%, and subscriptions at 10%.

The cashback rewards are in BTC or WBT, so users are free to select their preferred type of cryptocurrency. The cardholders are allowed to choose up to three categories every day. This means that they can easily maximize the advantages and choose rewards.

The card also contains a referral program through which a user gets 1 USDC for each friend who activates their Nova card, though with the possibility to earn up to 50 USDC. This makes the users create awareness of the card, hence increasing the popularity of the card among the users.

Including cashback as the standard feature, WhiteBIT distinguishes itself from peers in the rapidly growing crypto payment card segment. In addition to rewarding spending, this approach also promotes the use of digital assets as more people begin to use them to make purchases.

Secure, Seamless, and Scalable

Using the technology of the WhiteBIT Nova debit card, it will be possible to pay for purchases using Apple Pay along with traditional methods of contactless payments. Daily spending limits have been set at €10,000 and monthly limits at €25,000, which means that the card is suitable for both occasional users and active users.

The card is issued by Wallester AS, a Visa Principal Member and an authorized payment institution regulated by the Estonian Financial Supervision and Resolution Authority. This ensures the card adheres to EU financial regulations, providing users with a secure and compliant payment solution.

Besides, the card has functional and reliable features with a convenient mobile application that allows users to track transactions, modify spending categories, and manage cards.

Competition and the Future of Crypto Payments

The introduction of the WhiteBIT Nova card is taking place at a time when competition in the market for cryptocurrency payment cards is intensifying.

Other similar projects have been launched including the Floki Debit Card, which supports multiple cryptocurrencies as well as virtual gift cards. Floki’s card tied to Mastercard offers access to 31 European countries, as well as cryptocurrencies, like FLOKI, and Hamster Kombat.

The WhiteBIT Nova card distinguishes itself with its zero-fee structure and extensive cashback program, making it a compelling option for users seeking a practical and rewarding way to spend crypto.