block chain.com has accepted Visa debit card payment to allow users to spend from their crypto balances free of charge, with the opportunity to earn crypto rewards.

According to the announcement:

“Initially available to US residents, users can spend their crypto or cash within their Blockchain.com wallet with no fees and earn 1% crypto back anywhere Visa debit cards are accepted.” .

Blockchain.com Visa Card seeks to make crypto easier by leveraging the latest card issuance platform from Marqeta and the Visa payment network.

Peter Smith, co-founder and CEO of Blockchain.com, noted:

“As one of the oldest and most trusted platforms in the cryptocurrency industry, we are excited to implement the next natural step in making crypto easy to use in the real world and accessible to as many people as possible.”

He added that the Blockchain.com Visa Card would play a critical role in shaping the future of mainstream finance.

Based on Marqeta’s remarkable Just-in-Time Funding feature, Blockchain.com users will have the opportunity to seamlessly transact on fiat of your available crypto balances.

This will be possible because each Blockchain.com Visa card will be linked to an approved Blockchain.com wallet account.

Simon Khalaf, Product Manager at Marqeta, stated:

“Blockchain.com has built a massive user base and we are proud that our platform can make it possible for their customers to spend against their cryptocurrency wallet at the point of sale, using the magic of Just-in-Time funding. ”

With the 2022 State of Money Movement survey from Marqeta revealing that 38% of US consumers own cryptocurrencies, it highlighted the growing need for the use of cryptocurrencies in everyday scenarios.

Cuy Sheffield, head of crypto at Visa, noted:

“At Visa, we believe that for cryptocurrency adoption to grow, it is critical that it be readily accepted everywhere. We are excited to partner with leading cryptocurrency wallets and exchanges like Blockchain.com to discover more ways consumers can use their crypto for everyday purchases.”

Meanwhile, Mastercard recently signed an agreement with BitOasis to establish a series of crypto card programs aimed at boosting everyday cryptocurrency usage in the Middle East and North Africa (MENA) region, Blockchain.News reported.

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