Crypto exchange Huobi and Visa plan to launch the Huobi Visa card

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Huobi and Visa announce the upcoming launch of the Huobi Visa cards

Cardholders will receive access to perks, among which are cash back earnings, APY booster coupons, and trading fee rebates

The initiative will first launch in several European markets

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Seychelles-based cryptocurrency exchange Huobi partners with financial giant Visa to launch the Huobi Visa card. The companies aim to bring their users a convenient and efficient fiat-to-crypto gateway. In addition, Visa and Huobi will promote the evolution and adoption of the virtual asset industry.

The Huobi Visa Card will be connected to the exchange’s users’ accounts. So, cardholders will be able to use their cryptocurrency assets to pay for items and services at 80 million merchants globally. More than that, holders will receive perks, including cash back earnings, APY booster coupons, trading fee rebates, sure-win coupon airdrops, and merchants’ benefits. Notably, the cards will be issued in five tiers: Scout, Adventurer, Navigator, Explorer, and Expert.

To launch the initiative, the companies will roll out the Huobi Visa card in several European markets. Following, the cards will be available worldwide. The organizations have not shared the exact launch date yet. 

“The launch of the Huobi Visa Card marks a significant milestone in Huobi’s push in making virtual assets accessible to everybody. Huobi and Visa are both prominent leaders in their respective industries. With the Huobi-branded card, we hope to contribute towards global financial inclusion,”

said a member of Huobi’s Global Advisory Board, Justin Sun. 

In October, Visa partnered with the former second-largest cryptocurrency exchange FTX to launch a similar initiative just a month before FTX’s unexpected bankruptcy caused by a liquidity crisis of $FTT. The companies were supposed to release debit cards in 40 countries. After approximately a month of investigation, the company’s co-founder Gary Wang and former Alameda Research co-CEO Caroline Ellison pleaded guilty to federal charges. FTX’s former co-founder Sam Bankman-Fried was arrested in the Bahamas on December 12. 


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Valeria Goncharenko

Valeria is an Italy-based writer passionate about Web3 and innovation. She is getting her second Major in International Business Management while dedicating her spare time to photography and fashion.

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