Home Blockchain Blockchain.com Visa Card, Powered by Marqeta, Debuts with 50,000 Signal-Ups at Launch – PR Newswire

Blockchain.com Visa Card, Powered by Marqeta, Debuts with 50,000 Signal-Ups at Launch – PR Newswire

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Debit card constructed on Marqeta’s open APIs will likely be accessible to Blockchain.com’s US clients with no charges and 1% again in crypto

LAS VEGAS, Oct. 26, 2022 /PRNewswire/ — In the present day Blockchain.com, one of many world’s most trusted and fashionable platforms to purchase, promote, and commerce crypto, introduced the debut of its extremely anticipated Blockchain.com Visa® Card, with 50,000 waitlist sign-ups already at launch. Initially accessible to US residents, customers can spend their crypto or money inside their Blockchain.com Pockets with out charges and earn 1% again in crypto anyplace Visa debit playing cards are accepted.

The Blockchain.com Visa Card will let customers spend from a crypto steadiness fee-free and supply the chance to earn crypto rewards. Leveraging Visa’s (NYSE: V) funds community and Marqeta’s (NASDAQ: MQ) fashionable card issuing platform, the Blockchain.com Visa Card additionally provides no sign-up, card issuance, or annual charges.

“As one of many crypto {industry}’s oldest and most trusted platforms, we’re excited to roll out the pure subsequent step to make crypto simple to make use of in the true world and accessible to as many individuals as attainable,” stated Peter Smith, Blockchain.com CEO and Co-Founder. “It is a prime instance of digital belongings making their mark on the present monetary companies {industry}, as we form the way forward for (mainstream) finance.”

Marqeta’s 2022 State of Cash Motion study revealed that 38% of US shoppers surveyed stated they personal cryptocurrency, highlighting the rising must allow crypto use in on a regular basis situations. Almost all (93%) of cryptocurrency homeowners surveyed stated they maintain it like an asset, however there may be important demand for shoppers to make use of it extra as a foreign money for alternate, with over three-quarters (82%) of shoppers surveyed globally saying they’d have an interest if their cryptocurrency alternate supplied them a debit card the place they might use cryptocurrency to make on a regular basis purchases.

“At Visa, we imagine for crypto adoption to develop, it’s important for it to be simply accepted in all places,” stated Cuy Sheffield, Head of Crypto at Visa. “We’re excited to associate with main crypto wallets and exchanges like Blockchain.com to unlock extra methods shoppers can use their crypto for on a regular basis purchases.”

Marqeta’s industry-leading Simply-in-Time Funding characteristic permits Blockchain.com customers to spend from their accessible crypto steadiness and seamlessly settle the transaction in fiat. Each Blockchain.com Visa Card will likely be linked to a verified Blockchain.com Pockets account. Clients will be capable of use their crypto or fiat steadiness to pay for on-line and bodily items and companies at each US service provider that accepts Visa debit playing cards.

“Blockchain.com is without doubt one of the most dynamic crypto firms available on the market at this time and we see big DNA-fit on this new partnership,” stated Simon Khalaf, Chief Product Officer at Marqeta. “Blockchain.com has constructed up a large consumer base, and we’re proud that our platform could make it attainable for his or her clients to spend in opposition to their cryptocurrency pockets on the level of sale, utilizing the magic of Simply-in-Time funding. Blockchain.com’s new Visa card is a textbook instance of the potential for Marqeta’s know-how and we look ahead to working collectively to construct revolutionary merchandise like this as crypto evolves within the years to return.”

Beginning at this time, all US clients can be part of the 50,000 folks already on the waitlist  (Blockchain.com/card). After the US rollout, the cardboard will likely be accessible to clients in additional nations beginning in 2023.

With greater than 80 million clients in over 200 nations, Blockchain.com makes crypto simple to make use of with a strong Pockets, lightning-fast Trade, data-rich Explorer, and a bespoke Institutional enterprise. It has transacted greater than $1.2 trillion on its platform thus far.

About Blockchain.com

Blockchain.com is connecting the world to the way forward for finance. Probably the most trusted and quickest rising international crypto firm helps hundreds of thousands throughout the globe safely entry cryptocurrency. Enterprise backed since 2014, Blockchain.com was final valued at $14 billion. Go to Blockchain.com for more information, observe us on Twitter @blockchain, on Instagram @blockchainofficial, try The Blockchain.com Podcast, and skim our blog for the most recent firm information.

About Marqeta

Marqeta’s fashionable card issuing platform empowers its clients to create personalized and revolutionary fee playing cards. Marqeta’s platform, powered by open APIs, provides its clients the flexibility to construct extra configurable and versatile fee experiences, accelerating product growth and democratizing entry to card issuing know-how. Its fashionable structure supplies immediate entry to extremely scalable, cloud-based fee infrastructure that permits clients to launch and handle their very own card packages, subject playing cards and authorize and settle transactions. Marqeta is headquartered in Oakland, California and is enabled in 39 nations globally. For extra data, go to www.marqeta.com, Twitter and LinkedIn

About Visa

Visa (NYSE: V) is a world chief in digital funds, facilitating transactions between shoppers, retailers, monetary establishments and authorities entities throughout greater than 200 nations and territories. Our mission is to attach the world by essentially the most revolutionary, handy, dependable and safe funds community, enabling people, companies and economies to thrive. We imagine that economies that embrace everybody in all places, uplift everybody in all places and see entry as foundational to the way forward for cash motion. Study extra at Visa.com.

Contacts:

Brooks Wallace, Blockchain.com 
[email protected]

Lea Cademenos, Visa 
[email protected]   

James Robinson, Marqeta
[email protected]

SOURCE Blockchain.com

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