Huobi Exchange Partners with Visa to Issue Crypto Cards

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Huobi cryptocurrency exchange announcedabout the start of cooperation with the international payment operator Visa to issue the Huobi Visa card, which the trading platform calls its main product for customers.

It is expected that the product will help promote the virtual asset industry to the masses. The card will first be released on the European market, but it is planned to be released in other regions later.

According to Tron founder Justin Sun(Justin Sun), in the future, any owner of such a card will be able to move around the world, having this one payment card instead of a dozen different bank cards. According to the businessman, this will make people much freer financially.

The card will be linked to your accountHuobi users, while using the assets in the account, the official announcement says, clients of the crypto exchange will be able to pay for purchases from more than 80 million merchants that support payments using the Visa system around the world. Cashback in HT (Huobi's native tokens), discounts and other benefits for cardholders are promised.

Head of Visa Cryptocurrency Cue Sheffield(Cuy Sheffield) said that the company is now striving to become a bridge between the cryptocurrency industry and its global network of point-of-sale merchant clients, and is therefore actively seeking partners among large crypto platforms.

Earlier, the head of Visa, Alfred Al Kelly, said that he expects a strong increase in demand in the crypto card market. Therefore, legislators need to carefully consider its regulation.

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