KuCoin unveils Visa-powered crypto debit card in Europe
By Gloria Methri
Cryptocurrency exchange platform KuCoin has announced the launch of KuCard, a Visa-powered crypto debit card. The offering seamlessly merges digital assets with traditional banking, giving users the freedom to spend their cryptocurrency anywhere that accepts regular debit cards.
Accepted at millions of locations, KuCard allows users to utilize their cryptocurrency for everyday purchases, online shopping, or even withdraw cash at ATMs.
The debit card simplifies the process of converting and spending cryptocurrency, eliminating the complexities of transactions or conversions typically associated with digital assets. It automatically converts cryptocurrency into local currency at the point of sale, ensuring users always get the best possible exchange rate. Additionally, it seamlessly integrates with Apple Pay and Google Pay, enabling contactless payments using a smartphone.
In this first phase of the launch, KuCard will be exclusively available to residents of the European Economic Area (EEA), while a global launch is on the roadmap. To be eligible, users need to pass identity verification using a supported EEA-issued ID card.
Users can immediately start using virtual KuCard for purchases after their applications are approved, and physical KuCard is available upon ordering. KuCard currently supports USDT and EUR. In the future, it will support a wide range of cryptocurrencies, giving users the freedom to use the cryptocurrency of their choice.
The KuCard will offer a range of innovative features and rewards, including a cashback program allowing users to earn cryptocurrency with every purchase made using the card. To celebrate the first phase of the launch, KuCoin is offering a special Black Friday promotion including unlimited cashback and a $2250 bonus.
“The launch of KuCard represents a significant milestone for both KuCoin and the cryptocurrency industry as a whole, as the daily payment method, the crypto debit card plays a crucial role in accelerating the crypto mass adoption,” said Johnny Lyu, CEO at KuCoin. “We are excited to offer users a seamless bridge between digital assets and traditional banking, empowering them to spend their cryptocurrency with ease while enjoying the benefits of a traditional debit card.”
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