Bank

Online

Wrapped AVAX

USDC

Avalanche

FV Bank Visa have&nbsp;<a style="text-decoration:none" href="https://www.businesswire.com/news/home/20241028068557/en/FV-Bank-Announces-Launch-of-VISA-Debit-and-Corporate-Expense-Cards-at-Money-2020-USA">partnered</a> to launch debit and corporate expense cards, unveiled at Money 20/20 in Las Vegas. With this collaboration, individuals and businesses can access traditional currency (USD) as well as digital assets like Bitcoin and Ethereum.&nbsp;
The cards allow customers to spend fiat and crypto at millions of Visa-supported locations worldwide, reportedly making them a first-of-their-kind solution in integrated banking.
<h2 dir="ltr" id="span-span-bringing-crypto-to-everyday-transactions-span-span">Bringing Crypto to Everyday Transactions</h2>
Customers can use these cards for purchases at any location that accepts Visa, whether online or in-store, and for cash withdrawals at ATMs.&nbsp;
&nbsp;
In real-time, cardholders can pay using their linked FV Bank USD accounts, making financial management both immediate and convenient, according to the official statement.&nbsp;
<h3 dir="ltr" id="span-span-strong-key-features-strong-span-span">Key Features</h3>
<ol>
 <li>Global Payment Access – The Visa cards allow seamless payments with magstripe, chip, and contactless options, ensuring accessibility at millions of global merchants and ATMs.&nbsp;</li>
 <li>Real-Time Digital Asset Conversion – With FV Bank’s Convert feature, customers can convert Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies into USD, enabling them to spend directly from their crypto holdings.&nbsp;</li>
 <li>Mobile and Online Management – Through the FV Bank platform, cardholders can manage transactions, set spending limits, change PINs, and even disable transactions for added security.</li>
</ol>
<blockquote>
 “Our Visa debit cards give international clients convenient access to their funds worldwide, offering flexible and integrated digital banking solutions that merge traditional and digital assets,” said Miles Paschini, FV Bank’s CEO.
</blockquote>
Moreover, the new corporate expense cards target businesses looking for advanced financial tools to manage employee expenses. Through these cards, businesses gain complete oversight of employee spending with control options like spending limits and real-time transaction tracking.&nbsp;
<h2 dir="ltr" id="span-span-the-rising-trend-of-crypto-integrated-debit-cards-span-span">The Rising Trend of Crypto-Integrated Debit Cards</h2>
Crypto debit cards are gaining popularity as more companies, including Visa and Mastercard, offer solutions that merge digital assets with everyday payments. In recent months, several major players have entered this space:
&nbsp;
Avalanche Foundation introduced a Visa crypto card supporting tokens like Wrapped AVAX (wAVAX) and the USDC stablecoin.
&nbsp;
Mastercard partnered with European crypto payments provider Mercuryo in September, allowing users to spend digital assets stored in self-custody wallets at Mastercard-supported merchants.
&nbsp;
Visa’s Tokenized Asset Platform (VTAP) was launched to issue and manage digital assets, affirming Visa’s commitment to crypto adoption.

Visa and FV Bank Debut New Debit and Expense Cards, Bridging Crypto and Fiat Global Payments

Table of Contents

BSCN

Other articles published on Oct 30, 2024

Canadians Hesitant About Digital Dollar

UK Crypto Community at Risk as Potential Capital Gains Tax Hike Looms

Simplifying On-Chain Data: The Key to Web3 Mass Adoption?

What Is Act I The AI Prophecy (ACT) Token?

ApeChain Launches on Mainnet With Arbitrum Orbit

Is This $0.0007 Solana Coin the Next Dogecoin? Early Investors See 15,000% Potential!

Join our free newsletter for daily crypto updates!