Bitcoinblack launches exclusive Visa crypto credit card in the UAE

The bitcoinblack team announced the launch in the UAE of a cryptocurrency VIP Visa credit card. It will be available to 10,000 holders worldwide.

Bitcoinblack officially launches in the #UAE 🔥 https://t.co/Ex05SMRaGJ#neverstopspending #cryptocurrency #bitcoinblack pic.twitter.com/M3XwWxV3xM

— bitcoinblack™ VISA® Card (@btc_blackcard) July 4, 2022

According to the press release, the card is positioned as a ‘gateway to a world of luxury goods and services’ for affluent people in the digital assets industry.

Launched in 2021, the payment solution enables converting Bitcoin and other cryptocurrencies into fiat and spending funds in more than 140 countries where Visa is accepted.

Bitcoinblack participants receive a range of ‘premium benefits’, including no spending limit. Purchases earn cashback of up to 10% of the amount in SPND tokens.

The coins can be redeemed in the Haute Living Luxury Marketplace online boutique after its launch. Bitcoinblack expects this to happen within the next two weeks.

In April, Coinbase released a Visa debit card with the possibility of earning crypto cashback up to 4%.

The payments giant served as a partner in launching crypto cards for dozens of companies, including Circle, FTX, Bakkt and BlockFi.

Read ForkLog’s bitcoin news in our Telegram — cryptocurrency news, rates and analysis.