Gate Group, the parent company of Gate io, plans to issue a Visa crypto card through Gate Global UAB.
According to Gate’s statement, a waiting list and registration process has now been opened for users in the European Economic Area to participate. Cuy Sheffield, Visa’s Head of Crypto, stated that the payments giant wants to act as a bridge between the crypto ecosystem and global investment and financial institutions.
Gate Is Not The First Crypto Company To Offer A Crypto Debit Card
Cuy Sheffield continued: “With programs like the Visa debit card, Gate offers Gate Group customers a seamless way to transform and use their digital assets to pay for goods and services wherever Visa is accepted.”
Gate is not the first crypto company to offer a crypto debit card. Crypto com has been offering such a service for years, and Ledger recently partnered with Baanx to offer its own CL card.
Another exchange that announced that it will issue a crypto credit card this week was Bybit. Bybit has announced that it has partnered with payment giant Mastercard to launch a crypto credit card.
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