Crypto wallet app ZenGo has unveiled plans to roll out a crypto debit card in the US next year in collaboration with payments giant Visa.
To launch the non-custodial crypto card, ZenGo has joined Visa Fast Track Program. The programme provides the company with access to Visa’s experts, technology, and resources.
According to ZenGo, its credit card will be the first card linked to a self-hosted, on-chain, multi-currency wallet where user controls the fund.
ZenGo Visa Card is expected to enable customers to conveniently use their cryptocurrencies by allowing ZenGo to convert their cryptocurrency into fiat.
The customers will be able to use it across online and offline stores globally, where Visa is accepted.
The company, which did not divulge much information about the upcoming card, said that it plans to launch the card in other countries as well.
Anyone with ZenGo wallet can apply for ZenGo Visa card.
The company’s wallet is an all-in-one multi-currency crypto wallet designed for mainstream investors.
ZenGo signed up for Visa Fast track programme at the end of the last month.
At the time, ZenGo CEO Ouriel Ohayon said: “This is an important step forward in our quest to make crypto-currency useful and usable by everyone. Payment is one of the most important and underserved needs of our industry and we are excited to work with Visa on this.”
In September this year, Checkbook joined Visa’s Fintech Fast Track programme and rolled out its Virtual Cards for real-time payments.
Previously, Soft Space joined Visa’s Fintech Fast Track programme, the first fintech partner to do so in Malaysia.