Introducing SafePal’s USDC Visa Card
Key Takeaways
- SafePal partners with Fiat24 to launch Visa card and in-app banking services using USDC, seamlessly integrating digital and traditional banking.
- Users can enhance their cryptocurrency banking experience by creating a fully compliant bank account through the SafePal app with no fees.
- The plan includes creating bank account credentials as NFTs for secure on-chain transaction records, and Visa cards will support major third-party payment platforms.
SafePal, known for its cryptocurrency hardware wallets, is making headlines with its latest product. It enters the banking sector through a partnership with Swiss bank Fiat24.
The highlight of this initiative is Introduction of Visa card and in-app banking services, The stablecoin USD Coin (USDC) is used as the default currency for deposits.
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Via SafePal mobile wallet app Users can convert their cryptocurrency to USDC and then store it as USD, EUR, or CHF for various transactions.
The Visa cards introduced are Compatible with major third-party payment platforms Improve the usability and accessibility of our services, including PayPal and Google Pay.
Cooperation between SafePal and Fiat24 Facilitates the creation of personal bank accounts. Users can set up these accounts directly within the SafePal app following a simple KYC and onboarding process supported by Fiat24, with no account creation or management fees.
By adding security and transparency to the process, that much Bank account credentials generated from the SafePal app are issued as NFTs. On the Ethereum-based network Arbitrum. This ensures that all transaction records are securely recorded on the blockchain.
Available for the first time in select European regions, With plans for a broader rollout, the venture promises to revolutionize the way users interact with digital assets.
In other news related to cryptocurrency innovation, startup Zama has raised $73 million in funding to advance its fully homomorphic encryption (FHE) technology, which aims to process encrypted data without decryption.
With a master’s degree in Economics, Politics, and Culture in East Asia, Aaron wrote a scientific thesis analyzing the differences between Western capitalism and collective capitalism after World War II.
With nearly 10 years of experience in the fintech industry, Aaron understands all of the biggest issues and challenges cryptocurrency enthusiasts face. He is a passionate analyst who delivers data-driven and fact-based content as well as speaking to both Web3 natives and industry newcomers.
Aaron is our go-to guy for all things digital currency. With a huge passion for blockchain and Web3 education, Aaron is working to transform the space as we know it and make it more accessible to complete beginners.
Aaron has been quoted in several popular media outlets and is a published author himself. In his spare time, he enjoys researching market trends and looking for the next supernova.
