• Huobi and Solaris have partnered to launch a Visa-backed crypto-to-fiat debit card in the European Economic Area (EEA).
• The card will allow Huobi users to use their digital assets at the point of sale.
• This is just the first step in the partnership between Huobi and Solaris as they look to expand payment options to users in the EEA region and beyond.
Huobi, one of the world’s leading cryptocurrency exchanges, has partnered with Solaris, a European financial services provider, to launch a crypto-to-fiat debit card approved by Visa. This marks a major milestone in the crypto space as it continues to expand into the mainstream and bridge the gap between digital and fiat currencies.
The new program will allow Huobi users in the European Economic Area (EEA) to access the card in the second quarter of 2023. The EEA comprises all 27 European Union (E.U.) member states, as well as Iceland, Liechtenstein and Norway. Once the card is available, users will be able to pay with their crypto accounts at point-of-sale stations globally.
Commenting on the partnership, Andrea Ramoino, the chief strategy officer at Solaris, said, “This is just the first step in our partnership as we look ahead to delivering more payment options to users in the EEA region and beyond.” By launching the card, Huobi and Solaris are taking an important step towards bringing crypto to the mainstream and making it easier for people to use their digital assets in their daily lives.
The introduction of the card is expected to introduce a new level of convenience for Huobi users in the EEA. Not only will the card allow them to make payments with their digital assets, but it will also eliminate the need for them to convert their cryptocurrencies into fiat currencies each time they want to make a purchase. This could help increase the adoption of cryptocurrencies and make them more accessible to a wider audience.
Furthermore, the launch of the card could potentially have a positive impact on the cryptocurrency market. By making it easier for people to use their digital assets in their daily lives, the demand for cryptocurrencies could increase, leading to a surge in prices.
The launch of the Visa-backed crypto-to-fiat debit card is an important step forward in the adoption of digital assets. By making it easier for people to use their cryptocurrencies, Huobi and Solaris are helping to bridge the gap between digital and traditional currencies and make crypto more accessible to a wider audience.