Gate Group, the parent company of the cryptocurrency exchange Gate.io, will launch a cryptocurrency Visa debit card for customers in Europe.
? Gate Group Launching New Visa Debit Card in Europe
The new Gate Visa debit card offers users a simple method to convert their crypto assets into fiat for in-store and online purchases ?
Gate Card Waitlist? https://t.co/tArvRIVeN6
More Details: https://t.co/2GY7YECeN3 pic.twitter.com/vhKSShJXB9
— Gate.io (@gate_io) March 9, 2023
According to the press release, the waitlist and registration are already open.
The head of Visa’s cryptocurrency division, Kyu Sheffield, noted that the company “wants to serve as a bridge between the digital assets ecosystem, a global network of merchants and financial institutions.”
“[…] Gate Group debit card holders will have the ability to seamlessly convert and use their digital assets to pay for goods and services wherever Visa is accepted,” he added.
The company will release its product through the Lithuanian subsidiary Gate Global UAB.
Earlier crypto cards were introduced by trading platforms Blockchain.com, Huobi, Bybit and BitOasis.