Virtual asset exchange Huobi to issue Huobi Visa Card in collaboration with payment giant Visa to bring a more efficient fiat-to-crypto gateway for its users and promote the development of the virtual asset industry.
“Big milestone for our community!” In a recent tweet, Justin Sun, a member of Huobi’s Global Advisory Board, stated.
During the initial phases of rollout, the Huobi Visa Card will be available in several European markets, with other regions following shortly after. The Huobi Visa Card represents Huobi’s strong intention to promote the adoption of virtual assets globally.
The launch of the Huobi Visa Card marks a significant milestone in Huobi’s push in making virtual assets accessible to everybody,” said Justin Sun. “Huobi and Visa are both prominent leaders in their respective industries. With the Huobi-branded card, we hope to contribute towards global financial inclusion, he added.
The Huobi Visa Card will be linked to Huobi users’ accounts. The card, according to the announcement, is available in five tiers based on user transactions, namely “Scout”, “Navigator”, “Adventurer”, “Explorer”, and “Expert”.
Cashback earnings, trading fee rebates, CandyDrop sure-win coupons, boostedAPY coupons, and the ability to invest in Huobi Earn products, among other benefits, are available to cardholders.
With this card, Huobi users can easily convert the virtual asset balance in their Huobi accounts to pay for goods and services at the 80 million Visa-accepting merchant locations worldwide.
We’re excited to work with innovative platforms like Huobi to make it easy and seamless for consumers to spend from their crypto balances anywhere Visa is accepted. says Cuy Sheffield, Head of Crypto at Visa
Huobi Global, which was founded in China in 2013 and rebranded to Huobi last month, announced a new business strategy in which it plans to expand its cooperation with other countries and develop a business model that meets international standards. Huobi is currently attempting to move to the Caribbean, with Dominica, Panama, and the Bahamas as the frontrunners.