Visa continues to show its support for crypto with its latest news. The brand just announced that it will launch a no-limit Bitcoin (BTC) card in the heart of crypto wall street — the United Arab Emirates (UAE).
Read CRYPTONEWSLAND onIn detail, the popular payments network will launch an exclusive VIP crypto credit card called ‘bitcoinblack’ in the UAE. The card will be available to 10,000 invite only members across the globe. These lucky few will be able to convert Bitcoin (BTC) into spendable cash.
More so, the card allows the conversion of other cryptos into spendable cash as well. To add on, the card is secured by the holder’s cryptocurrency. It also offers premium benefits, the most enticing being a no-spend limit in any part of the world where Visa is accepted. Another benefit is the fact that users will receive awards up to 10% back as exclusive SPND tokens.
According to the responses to Bitcoin Magazine’s tweet, the news has been well received by the crypto community. For instance, many are cheering for the growing adoption of Bitcoin (BTC) and crypto in general.
In addition, other responses take a moment to commend the UAE on its swift momentum in adapting cryptocurrency within its borders. No doubt, the UAE has taken many active steps to elevate the use of crypto.
Besides many events dedicated to blockchain, DeFi, and crypto, the country has also seen the arrival of many companies looking to set its roots in the UAE. In particular, the popular crypto exchange — Binance, is one such crypto brand that has settled in Dubai, UAE.
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