Crypto finance firm Swipe launches Visa DeFi lending card
Borrowers in the U.S. can now get funds with a DeFi-powered Visa card by Swipe. Swipe, a Binance-owned cryptocurrency debit card provider, is expanding its offering with a new crypto Visa card that allows users to borrow funds using blockchain technology.Dubbed the “LendFi Visa Card,” the new product deploys major decentralized finance protocols to provide “near-instant access to lending balances.” The card is integrated with the LendFi app — a decentralized lending platform that is connected with the borrower through their mobile device. At launch, the platform will support major DeFi....
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Crypto firm Blockchain.com has announced the launch of a new crypto-centric pre-paid Visa card and so far, 50,000 users have registered for the waitlist signup. In addition to launching its crypto Visa card powered by the card issuing platform Marqeta, Blockchain.com Visa users will earn 1% back in crypto whenever they spend funds using the card. Blockchain.com Introduces Crypto Visa Card Blockchain.com is joining the likes of Crypto.com, Ripio, Bitso, Coinbase, Bitpay, Blockfi, and FTX by announcing the launch of a new crypto-loadable pre-paid Visa card. According to the announcement on....
U.S. customers can now apply for the Coinbase Visa, a card that allows users to spend digital assets anywhere Visa is accepted. In addition to the U.S. launch, Coinbase cardholders will be able to earn up to 4% back in stellar or 1% back in bitcoin. A while back, the San Francisco-based cryptocurrency firm Coinbase launched the Coinbase Visa debit card for European customers. Coinbase disclosed that the card is now being leveraged in 30 different countries within the UK and Europe. On Wednesday, the company announced that American residents can now register for the crypto card.....
For the time being, it appears as if Visa prefers the money over their customers, which is not a positive sign for the future. Despite the convenience factor associated with credit and debit card payments, there are a lot of drawbacks as well. Despite introducing new security measures to reduce fraudulent payments, Visa forces retailers to swipe cards as well, which are far more prone to fraud. Does Visa Even Care About Its Customers? There are several ways for retailers and merchants to accept credit card payments, as payment terminals have evolved throughout the years. Adding new layers....
Cryptocurrency exchange platform and card issuer Crypto.com has partnered with Visa and plans to debut fiat lending. Crypto.com is now the latest cryptocurrency exchange and payment service to join the Visa network.According to a press statement issued on Wednesday, Crypto.com has inked a global partnership with the credit/debit card payment giant which includes becoming a principal member of Visa’s network in Australia.As part of the press release, Crypto.com revealed that the collaboration with Visa was in line with the company’s efforts to expand the reach of its crypto Visa....
The launch of the new crypto debit card follows the announcement of similar products from FTX and BitOasis. Crypto exchange Blockchain.com has partnered with Visa to launch a crypto card, available to only U.S. residents initially, which allows users to pay using their crypto or cash balance wherever Visa debit cards are accepted.In an Oct. 26 announcement, Blockchain.com revealed that there would be no sign-up or annual fees, no transaction fees, and users would earn 1% of all purchases back in crypto.In a Yahoo Finance interview, Blockchain.com CEO Peter Smith said the card already had....