Crypto and TradFi app Nebeus launches virtual VISA debit card

By Gloria Methri

Nebeus, the financial app for Crypto Hodlers has announced the launch of the first Nebeus Card backed by VISA, available in all-around European markets. Headquartered in Barcelona, Nebeus provides a financial framework with customer personal EU IBANs and UK Sort code accounts connected to a whole crypto ecosystem.

While Nebeus Money Accounts function just like a bank, Nebeus Crypto Account enables users to have a digital wallet and exchange, earn rewards on cryptocurrency by staking and renting, borrowing cryptocurrency, and storing their digital assets in an insured cold wallet for free.

The Nebeus Debit Card combines the benefits of VISA, allowing users to spend directly from their Nebeus accounts. The card offers a connection to Nebeus Money Account and is available in European markets.

Michael Stroev, COO and Head of Product, at Nebeus said, “We are delighted to keep innovating in payments by increasing the accessibility of digital assets across the ecosystem. With this, Nebeus reaches another level of integration and offers a solid connection of everyday payments with superior crypto services. It is an illustration of the enormous complementarity between the current banking system and digital assets”.

For upcoming development phases of Nebeus’ Debit Card, the company is looking to add Apple Pay and Google Pay so customers can use them for paying directly from any device. Moreover, the physical version of the debit cards is in the pipeline for later this year to complete the offer and suit everyone’s preferences.

Nebeus is also planning to launch a credit line to allow people to spend worldwide without having to sell their cryptocurrencies, and in this way, linking in a greater level the crypto world into everyday expenditures.

Last year, Nebeus was registered by the Bank of Spain as a cryptocurrency custodian and a Virtual Assets Service Provider.