Gate.io, a leading global cryptocurrency exchange under Gate Group, is set to roll out its new Gate Visa debit card in Europe.
The card will be offered through Gate Global UAB, the company’s Lithuania-based entity, providing users with a simple and secure way to convert their cryptocurrency assets into fiat for in-store and online purchases.
The Gate Visa debit card will allow users to spend their cryptocurrency at over 80 million merchant locations worldwide that accept Visa.
It also provides users with autonomy over their spending, with easy-to-use features built into its associated Gate Card app.
Users can track and manage their spending securely, providing a seamless way to bridge crypto with everyday life and greater financial inclusion for users.
“We are thrilled to introduce this innovative solution to the market. With the Gate Visa card, our users can make seamless crypto payments to merchants worldwide. It bridges crypto with everyday life and brings greater financial inclusion to users,” said Dr. Lin Han, Founder and CEO of Gate Group.
Visa Continues to Make Waves in Crypto World
Visa, a leading global payments technology company, sees this as a way to serve as a bridge between the crypto ecosystem and their network of merchants and financial institutions.
“With programs like the Gate Visa debit card, Gate Group debit cardholders are enabled with a seamless way to convert and use their digital assets to pay for goods and services, anywhere Visa is accepted,” said Cuy Sheffield, Head of Crypto at Visa.
Currently, the waiting list for the card is only available to users in most of the European Economic Area (EEA) countries, with plans to expand to other regions in the future.
Gate.io plans to roll out the physical card version next month. Crypto.com has operated a debit card scheme for years.