Blockchain.com partners Visa and Marqeta to launch crypto debit card
The Blockchain.com Visa card will allow users to spend cash or crypto within their Blockchain.com wallet without fees and earn 1% back in crypto anywhere Visa debit cards are accepted.
Blockchain.com CEO and co-founder Peter Smith says the move is “a prime example of digital assets making their mark on the existing financial services industry”.
The card has been built on Marqeta’s open APIs and the company’s Just-in-Time Funding feature allows Blockchain.com users to spend from their available crypto balance and “seamlessly” settle transactions in fiat.
Visa’s head of crypto Cuy Sheffield says: “At Visa, we believe for crypto adoption to grow, it’s critical for it to be easily accepted everywhere.”
The card is initially available to US residents and will be rolled out to customers in additional countries starting in 2023, Blockchain.com says.