FV Bank, in partnership with Visa, launched debit and corporate cards with crypto support. These new crypto cards will allow digital assets to be used for everyday payments on a par with fiat money.
FV Bank, together with Visa, launched new debit and corporate expense cards integrated with custodial services for storing digital assets.
The new cards allow customers in the U.S. and other countries to use both fiat funds and cryptocurrencies for everyday needs. FV Bank’s Visa debit cards will allow customers to:
- pay for purchases online;
- withdraw cash at ATMs around the world;
- withdraw funds from their linked FV Bank accounts in U.S. dollars in real time using NFC.
FV Bank customers will be able to top up their Visa cards with digital assets stored in custodial services. The banking service will enable the automatic conversion of USDC and USDT, as well as BTC, ETH, MATIC, DOGE, and DOT into U.S. dollars, after which the funds will be available for use.
FV Bank was founded in 2018, with the goal of combining traditional banking services with digital assets. The bank is licensed by the Office of the Commissioner of Financial Institutions of Puerto Rico.
The growing trend of crypto financial solutions was noted by Max Krupyshev, CEO of CryptoProcessing.com, in the Purpose Driven FinTech podcast. He said that according to various studies, about one-third of all crypto users consider digital assets as a means of payment.
The demand for debit cards that integrate digital assets into everyday life is actively growing. The Avalanche Foundation recently launched a Visa cryptocurrency card that supports wAVAX and the USDC stablecoin.
