- The card will become available through Gate’s Lithuanian company, Global UAB
- Holders can use the linked Gate Card app to manage and track their spending securely
Crypto industry pioneer Gate Group will launch the Gate Visa debit card to provide its customers with a seamless way to convert and spend their crypto. The card will become available through Gate’s Lithuanian company, Global UAB, Bankless Times learned from a press release.
After the new Gate Visa debit card enters the market, holders will be able to convert crypto into fiat for online and in-store purchases. They will be able to spend Bitcoin and other crypto at 80 million merchant locations across the globe, which accept Visa.
Full autonomy and intuitive features
The card will provide full autonomy to users where spending is concerned. The linked Gate Card app will boast highly intuitive inbuilt features. Holders can use the app to manage and track their spending securely and safely.
Gate Group Founder and CEO Lin Han commented:
With the Gate Visa card, our users can make seamless crypto payments to merchants worldwide. It bridges crypto with everyday life and brings greater financial inclusion to users.
Visa Head of Crypto Cuy Sheffield added:
Visa wants to serve as the bridge between the crypto ecosystem and our global network of merchants and financial institutions. With programs like the Gate Visa debit card, Gate Group debit cardholders are enabled with a seamless way to convert and use their digital assets to pay for goods and services anywhere Visa is accepted.
Waitlist is now open
You can now sign up for the card. People in most European Economic Area (EEA) countries are accepted on the waitlist. Gate has plans to expand beyond the EEA.
About Gate Group
Gate are most famous for the crypto exchange Gate.io, but that’s only one component of the full-scale ecosystem, which includes DeFi, wallet services, a public blockchain, venture capital investing, research and analysis, and startup incubator labs. Gate have been on the market for a decade.
