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Visa to Issue Crypto Card for Wealthy Users

23.09.2024
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Visa will launch a card for ultra-high-net-worth (UHNW) individuals, allowing them to quickly and securely convert digital assets into fiat currency.

Visa and dtcpay to Launch Crypto Card for UHNW Customers

Payment giant Visa is partnering with dtcpay, a Singapore-based payment provider, to launch Visa Infinite, a crypto card for wealthy individuals. This new instrument will enable users to convert digital assets into fiat.

The Visa Infinite card will offer instant conversion of stablecoins and other cryptocurrencies into fiat, speeding up access to assets. The initiative aims to meet the growing demand for crypto payment services among affluent customers. The card will leverage dtcpay as a provider of real-time, multi-currency exchange services.

Registration for the Visa Infinite cards will open in Q4 2024.

According to Adeline Kim, Visa’s Country Manager for Singapore and Brunei, the partnership with dtcpay will integrate digital and traditional payment systems, significantly empowering local consumers and businesses. She also emphasized that the Asia-Pacific region holds tremendous potential in the implementation of digital financial solutions, and Visa will continue to expand the list of services available to local crypto users.

Research shows that more than 90% of Singapore’s HNWIs are interested in crypto-assets, with Gen X leading the interest in the region.

Сообщение Visa to Issue Crypto Card for Wealthy Users появились сначала на CoinsPaid Media.

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Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

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