Visa, Huobi, and Solaris Partner to Launch Crypto-to-Fiat Debit Card

•Visa has partnered with Huobi and Solaris to launch a debit card that will allow European users to make payments from their crypto accounts.
•The debit card is expected to be available in Q2 of 2023 within the European Economic Area.
•The partnership marks a milestone in Huobi’s efforts to make virtual assets accessible to everyone.

Visa, a global leader in the digital payments industry, has recently announced a partnership with Huobi and Solaris to launch a Visa-backed debit card that will allow European users to make payments from their crypto accounts. This development marks an important milestone in Huobi’s mission to make virtual assets accessible to everyone.

The debit card is expected to be available in Q2 of 2023 within the European Economic Area (EEA), which includes all the countries that make up the European Union. Huobi’s partnership with Solaris will make it one of the first companies to offer a Visa-backed crypto-to-fiat debit card in the EEA.

The Visa-backed debit card is just one of many projects that Huobi and Solaris are working on together. According to Andrea Ramiono, chief strategy officer at Solaris, this is only the first step in the partnership and hints at the possibility of more innovations to come.

Visa has been at the forefront of crypto innovation, partnering with multiple cryptocurrency companies to provide users with a wide range of payment options. This includes Binance, which launched its own Visa-backed crypto-to-fiat card in 2020 to allow European residents to withdraw funds from their Binance wallets.

By partnering with Huobi and Solaris, Visa is continuing to provide users with diverse payment options as blockchain technology evolves. This allows users to securely make payments in both fiat and digital currencies. This new debit card from Huobi and Solaris offers more convenience, speed and security for European users.

Huobi’s new Visa-backed debit card could be a game changer for the European crypto market, making virtual assets more accessible and providing users with more options for making payments. This could potentially open up new opportunities for crypto users and could be a major step forward in the mainstream adoption of cryptocurrencies.

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