KingSwap, Singapore-regulated decentralized finance (DeFi) liquidity pool platform, has launched its Visa debit card worldwide.

The debit card comes with no annual or foreign transaction fees and offers up to 3% back on deposits.

For offering payment processing and banking solutions, KingSwap’s debit card uses a tier-one bank and its distributors.

The card comes in a sleek, metal design, and it is accepted anywhere Visa is accepted.

It is loaded with fiat currencies rather than digital assets and it may be subject to charges like ATM fees.

Cardholders can use the KingSwap platform to buy cryptocurrencies at lower fees and get access to products and benefits via KingSwap’s partnerships.

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KingSwap has rolled out the card in limited quantity, making it available for early subscribers who have completed their KYC verification.

The KingSwap Visa debit card will be available in four tiers: The King’s Royal Black card, the Queen Platinum card, Royal Knight Gold card, and the Blue Squire card.

Users require a minimum stake of 1 King NFT + 1,000,000 $KING tokens to get the King tier card, following KYC completion.

Similarly, to obtain the Queen tiered cards, users need a minimum stake of 1 Queen NFT + 100,000 $KING tokens.

For Knight and Squire cards, users need to stake $100-500 in KingSwap.

KingSwap was publicly launched in October last year, following its private fundraising of over $20m from backers including Plutus VC, Hashstreet VC, Alpha Sigma Capital, Tradecraft Capital and 7CC.