back Back

KuCoin unveils Visa-powered crypto debit card in Europe

By Gloria Methri

November 23, 2023

  • Bitcoin Exchange
  • Bitcoin Trading
  • Black Friday
Share

KuCoin, KuCoin Exchange, KuCard, Visa, Crypto Debit Card, Cryptocurrency Exchange, FinTech EuropeCryptocurrency 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.”

Previous Article

November 23, 2023

SHUAA appoints Wafik Ben Mansour as acting CEO

Read More
Next Article

November 23, 2023

FinTech Monavate launches new Supply Chain Payments division

Read More








IBSi Daily News Analysis

Fraud

February 23, 2024

Bitcoin Exchange

Regulated firms battle surge in financial crime attempts, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

February 23, 2024

Ebury and Nium team to offer cross-border payments in Brazil

Read More

February 23, 2024

MultiPay teams up with Acquired.com to launch Pay By Bank

Read More

February 23, 2024

UNIPaaS unveils AI payment assistant solution for SaaS platforms

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023