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Visa and dtcpay Launch Crypto-to-Fiat Card for UHNW Users

Visa partners with dtcpay to introduce a card for ultra-high-net-worth individuals, enabling seamless crypto-to-fiat transactions and expanding payment options.

1 minSeptember 21, 2024

Highlights:

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Converts cryptocurrencies to fiat at real-time rates.

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Aims to enhance digital currency acceptance among merchants.

Visa and dtcpay Launch Crypto-to-Fiat Card for UHNW Users

Visa has partnered with Singapore-based dtcpay to launch the dtcpay Visa Infinite card, primarily targeting ultra-high-net-worth (UHNW) individuals. This innovative card enables users to convert cryptocurrencies, including stablecoins, into fiat currency at real-time exchange rates. 

 

 

The collaboration integrates dtcpay's digital payment technologies with Visa’s extensive global network, providing access to over 130 million merchants across more than 200 countries.

 

Scheduled for public registration in Q4 2024, the card aims to bridge the gap between traditional finance and digital currencies, enhancing mainstream acceptance of crypto payments. dtcpay’s CEO, Alice Liu, emphasized that this partnership will create new avenues for businesses and consumers alike, facilitating seamless digital transactions.

 

 

Visa's country manager for Singapore, Adeline Kim, highlighted the importance of this initiative in driving innovation within the payments industry, further empowering users to engage in digital transactions effortlessly.

 

 As regulatory frameworks evolve in Singapore and the Asia Pacific region, this collaboration positions both companies at the forefront of the growing digital finance landscape.

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