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| less than a minute read

A credit card to allow you to spend your crypto anywhere

So many questions. But however you look at it, this could be revolutionary.

According to yesterday's @Financial Times, @Visa is launching a new card in conjunction with @Coinbase. The card (announced back in April)  will allow customers to “spend funds from your cryptocurrency wallets” anywhere Visa is accepted. According to reports, the card’s spending limit starts at £10,000 a month, rising to £20,000 for customers who "meet certain criteria". For now, the card is available only in the UK.

Visa’s latest co-operation with Coinbase for a UK crypto card is different. The cryptocurrency exchange says the card will allow customers to “spend funds from your cryptocurrency wallets” anywhere Visa is accepted — basically everywhere. The card’s spending limit starts at a whopping £10,000 a month, rising to £20,000 for customers who meet certain criteria.

Tags

crypto, financial regulation, blockchain and cryptocurrency, fraud, fraud and financial crime, investment funds, money laundering and aml, tax, digital asset management