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Crypto Spending Made Easy: FV Bank Teams Up with Visa for New Card Launch

Key Takeaways

  • FV Bank has launched debit and corporate cards in partnership with Visa, allowing users to manage and spend both fiat and crypto through one card;
  • The cards support various crypto assets, including stablecoins like USDT and USDC, and cryptocurrencies like Bitcoin, Ethereum, and more;
  • This integration enhances crypto's real-world utility and addresses a significant barrier to crypto adoption.
Crypto Spending Made Easy: FV Bank Teams Up with Visa for New Card Launch

FV Bank has partnered with Visa to launch new debit and corporate cards infused with crypto capabilities.

The cards are tailored for both domestic and international users, enabling them to manage and spend multiple forms of currency through a single platform. Customers can load their cards with traditional fiat money like US dollars, as well as an array of digital currencies and stablecoins.

Supported assets include USD Coin USDC $0.9981 and cryptocurrencies secured in custody accounts such as Bitcoin BTC $101,740.89 , Ethereum ETH $3,923.27 , Tether USDT $0.9979 , Polygon MATIC $0.6200 , Dogecoin DOGE $0.4108 , and Polkadot DOT $9.07 .

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This integration allows users to effortlessly switch between fiat and digital currencies, making purchases anywhere Visa is accepted without the need to manually convert assets beforehand. By bridging the gap between established financial systems and digital assets, FV Bank and Visa are enhancing the usability of crypto in real-world scenarios.

FV Bank, established in 2018 with a vision to integrate traditional banking and digital asset management, holds a license from the Office of the Commissioner of Financial Institutions in Puerto Rico.

These advancements are crucial in addressing one of the main hurdles to widespread crypto adoption: practical usability. By offering familiar payment methods that incorporate digital assets, financial institutions are making it easier for consumers to engage with cryptocurrencies without needing extensive technical knowledge or navigating complex exchange processes.

In other news, 1inch is collaborating with the Bruce Lee Family Company to introduce DeFi to a broader audience.

Gode S. Web3 Market Analyst
Gode is a Web3 Market Analyst who researches the most important industry events and interprets how they affect the wider Web3 space. Her formal education in media culture & digital rhetoric allows her to employ a methodical approach to evaluating critical Web3 news data, including large-scale events and the wider social sentiment within the ecosystem.
Gode is a mutilingual professional, having studied in multiple universities all across Europe. This allows her to have a one-of-a-kind opportunity to analyze Web3 social sentiments spanning different cultures and languages and, in turn, develop a much deeper understanding of how the Web3 space is growing within different communities. With the rest of her team, Gode works to identify crucial crypto news patterns and provide unbiased and data-driven information.
Gode’s passions include working and communicating with people, and when she’s not researching Web3 news, she spends her time traveling and watching true crime documentaries.

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