Digital Assets: Blockchain.com Launches Marqeta-Powered Visa Debit Card For Crypto

October 27, 2022 | Digital Assets, News
https://dailyalts.com/wp-content/uploads/2022/10/Blockchain_com_Visa-scaled.jpg

The Blockchain.com card is fee-free and users earn 1% rewards in crypto anywhere Visa debit cards are accepted.

Blockchain.com has launched its Blockchain Visa debit card that leverages Visa’s (NYSE: V) payments network and Marqeta’s (NASDAQ: MQ) modern card issuing platform to let U.S. residents spend from a crypto balance fee-free and earn 1% crypto rewards. (CISION PR Newswire)

The much-awaited Blockchain.com Visa Card is off the block with 50,000 waitlist sign-ups already in hand. No sign-up, card issuance, or annual fees are applicable.

Marqeta 2022 State of Money Movement Study

· About 38% of US consumers surveyed said they own cryptocurrency

· Nearly all (93%) of cryptocurrency owners surveyed said they hold it like an asset

· Over three-quarters (82%) of consumers surveyed globally said they would be interested if their cryptocurrency exchange offered them a debit card where they could use cryptocurrency to make everyday purchases.

These findings highlight that crypto investors increasingly would like to use their crypto in everyday scenarios.

“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,” said Peter Smith, Blockchain.com CEO and Co-Founder. “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.”

“At Visa, we believe for crypto adoption to grow, it’s critical for it to be easily accepted everywhere,” said Cuy Sheffield, Head of Crypto at Visa. “We’re excited to partner with leading crypto wallets and exchanges like Blockchain.com to unlock more ways consumers can use their crypto for everyday purchases.”

“Our platform can make it possible for their customers to spend against their cryptocurrency wallet at the point of sale, using the magic of Just-in-Time funding,” said Simon Khalaf, Chief Product Officer at Marqeta. “Blockchain.com’s new Visa card is a textbook example of the possibility of Marqeta’s technology.”

Blockchain said starting today, all US customers can join the 50,000 people already on the waitlist.

Related Story: Blockchain.com Raises Unspecified Amount, Clocks Massive $14B Valuation

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