• Visa has supported a partnership between Huobi and Solaris to provide European users with a Visa-backed debit card for crypto payments.
• The Huobi Visa card will be available in the European Economic Area (EEA) in Q2 of 2023.
• This marks a milestone for Huobi in making virtual assets more accessible.
Visa, a leading digital payments provider, has collaborated with crypto exchange Huobi and European financial services provider Solaris to create a Visa-backed debit card that enables users to make crypto payments. This marks a milestone in Huobi’s mission to make virtual assets more accessible.
The debit card, which will be available in the European Economic Area (EEA) in Q2 of 2023, will allow users to make crypto-to-fiat currency payments from their crypto accounts. Huobi and Solaris have a shared vision of offering customers diverse payment options as blockchain technology continues to evolve.
Andrea Ramiono, chief strategy officer at Solaris, commented on the partnership. He said that the debit card is the first step in the Solaris Huobi partnership, implying that more innovations are in the works.
This is not the first crypto debit card available in the EU. In 2020, Binance launched a Visa-backed card that allows European users to withdraw funds from their Binance wallets.
Visa has been a major supporter of crypto innovations, helping to make digital currencies more accessible to the public. The company has also partnered with several major banks and fintech companies to create a more efficient payment system.
With the introduction of the Huobi Visa card, European users will now have the option of making payments with both fiat and digital currencies. This is a major step forward in the evolution of cryptocurrency and blockchain technology.