Tags: debit

Wirex first launched its crypto debit card in 2015 and currently claims over six million customers.

Visa’s CEMEA head of innovation and design, Akshay Chopra, reveals that the company’s partnerships with cryptocurrency exchanges have facilitated billions of dollars in payment volume.

Visa also reportedly stopped issuing new co-branded cryptocurrency cards with Binance in Europe as of July.

Binance didn’t reveal the exact reason behind the suspension but claimed it would only impact 1 of users in the affected regions.

NFT company Yuga Labs is set to acquire a metaverse-building startup to advance its Otherside metaverse project.

Wirex cards may stop working in the European Economic Area but funds held in the account are safe, the company said.

The EU Cryptopay cards may stop working soon as the Bank of Lithuania has revoked the EMI license of the app’s provider, UAB PayrNet.

Binance has also had problems with its banking partner for United States dollar transfers over the last few months.

Bybit is set to roll out Mastercard-powered debit cards, allowing users to pay for goods and services with cryptocurrency holdings.

The new debit card builds on technology already in place in the existing Bit2Me crypto card, but this time, card holders are eligible for up to 9 crypto cashback.

Crypto adoption and usage in Brazil are higher than the global average.