SafePal Bridges Cryptocurrency and Fiat Worlds
SafePal, a decentralized crypto wallet, has launched a Visa virtual bank card, teaming up with Swiss bank Fiat24. This initiative promises decentralized and confidential asset storage, though the bank will maintain custody of user credentials.
On this page
SafePal, a decentralized crypto wallet, has launched a Visa virtual bank card, teaming up with Swiss bank Fiat24. This initiative promises decentralized and confidential asset storage, though the bank will maintain custody of user credentials.
The card's initial rollout targets select European nations (Ukraine is not included at this stage), with future plans to broaden access, barring individuals from the U.S. sanctions list. This Visa card distinguishes itself with several notable features:
- Zero fees for account maintenance.
- User registration details encoded as NFTs on the Arbitrum blockchain.
- The option to top up using the USDC stablecoin.
Moreover, SafePal is rolling out a loyalty scheme for its most dedicated users, offering reduced top-up fees and enhanced rewards from its referral program. Points will be adjusted monthly based on activity over the preceding 90 days, with token staking in SafePal (SFP) boosting point totals.
The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.
Articles by this author
