Visa to Issue Crypto Card for Wealthy Users
Visa will launch a card for ultra-high-net-worth (UHNW) individuals, allowing them to quickly and securely convert digital assets into fiat currency.
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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Mpeppe (MPEPE)’s New Game Has Skyrocketed Their Popularity As Solana Holders Join The Presale
Big Competition Ahead For FLOKI and Dogecoin As Gambling Coin Mpeppe (MPEPE) Releases a New Game
Dogecoin Holder Flock To AI Gambling Token Mpeppe (MPEPE) As They Launch Their New Game
FLOKI Whale Doubles Their Mpeppe (MPEPE) Holding Amid The Launch Of Their New GAME LIVE NOW