Blockchain.com Visa Card, powered by Marqeta, debuts with 50,000 registrations at launch
Debit cards built on Marqeta’s open APIs will be available to Blockchain.com’s US customers with no fees and 1% back in crypto
LAS VEGAS, 26 October 2022 /PRNewswire/ — Today Blockchain.comone of the world’s most trusted and popular platforms for buying, selling and trading crypto, announced the debut of its long-awaited Blockchain.com Visa® card, with 50,000 waitlist signups already at launch. Initially available to US residents, users can use their crypto or cash in your Blockchain.com wallet with no fees and earn 1% back crypto anywhere Visa debit cards are accepted.
The Blockchain.com Visa Card allows users to spend from a crypto balance fee-free and offers the opportunity to earn crypto rewards. Leveraging Visa’s (NYSE: V) payment network and Marqeta’s (NASDAQ: MQ) modern card issuance platform, the Blockchain.com Visa Card also offers no registration, card issuance, or annual fees.
“Like one of those crypto the industry’s oldest and most trusted platforms, we are excited to roll out the natural next step to take crypto easy to use in the real world and accessible to as many people as possible,” said Peter Smith, Blockchain.com CEO and Co-Founder. “This is a great example of digital assets making their mark on the existing financial industry as we shape the future of (mainstream) finance.”
Marqeta’s 2022 State of Money Movement study revealed that 38% of US consumers surveyed said they own cryptocurrencyand highlights the growing need to enable crypto use in everyday scenarios. Almost all (93%) of cryptocurrency owners surveyed said they keep it as an asset, but there is significant demand for consumers to use it more as a currency for exchange, with over three-quarters (82%) of consumers surveyed globally saying they would be interested if their cryptocurrency exchange offered them a debit card they could use cryptocurrency to make daily purchases.
“At Visa, we believe in crypto adoption to grow, it is critical that it be easily accepted everywhere,” said Cuy SheffieldLeader of Crypto at Visa. “We are delighted to partner with leading crypto wallets and exchanges like Blockchain.com to unlock more ways consumers can use theirs crypto for everyday purchases.”
Marqeta’s industry-leading Just-in-Time Funding feature allows Blockchain.com users to spend from their available crypto balance and seamlessly settle the transaction in fiat. Each Blockchain.com Visa card will be linked to a verified Blockchain.com Wallet account. Customers will be able to use their crypto or fiat balance to pay for online and physical goods and services at any US merchant that accepts Visa debit cards.
“Blockchain.com is one of the most dynamic crypto companies in the market today, and we see tremendous DNA alignment in this new partnership,” said Simon Khalaf, Chief Product Officer at Marqeta. “Blockchain.com has built a massive user base and we are proud that our platform can enable their customers to spend money against their cryptocurrency wallet at the point of sale, using the magic of Just-in-Time financing. Blockchain.com’s new Visa card is a textbook example of the potential of Marqeta’s technology, and we look forward to working together to build innovative products like this that crypto will evolve in the years to come.”
Starting today, all US customers can join the 50,000 people already on the waiting list (Blockchain.com/card). After the rollout in the US, the card will be available to customers in several countries from 2023.
With more than 80 million customers in over 200 countries, Blockchain.com creates crypto easy to use with a powerful wallet, lightning-fast Exchange, data-rich Explorer and a tailored institutional business. It has acted more than 1.2 trillion dollars on its platform to date.
About Blockchain.com
Blockchain.com connects the world to the future of finance. The most trusted and fastest growing global crypto the company helps millions worldwide with secure access cryptocurrency. Venture backed since 2014, Blockchain.com was last valued at 14 billion dollars. Visit Blockchain.com for more information, follow us on Twitter @blockchainon Instagram @blockchainofficialcheck out The Blockchain.com Podcastand read our blog for the latest company news.
About Marqeta
Marqeta’s modern card issuing platform gives customers the opportunity to create customized and innovative payment cards. Powered by open APIs, Marqeta’s platform empowers customers to build more configurable and flexible payment experiences, accelerate product development and democratize access to card issuing technology. Its modern architecture provides instant access to highly scalable, cloud-based payment infrastructure that enables customers to launch and manage their own card programs, issue cards, and authorize and settle transactions. Marqeta is headquartered in Oakland, California and is activated in 39 countries globally. For more information, visit www.marqeta.com, Twitter and LinkedIn.
About Visa
Visa (NYSE: V) is a global leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities in more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payment network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere lift everyone everywhere and see access as fundamental to the future of money movement. Learn more at Visa.com.
Contacts:
Brooks WallaceBlockchain.com
[email protected]
Lea Cademenos, Visa
[email protected]
James RobinsonMarket
[email protected]
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SOURCE Blockchain.com
