FV Bank and Visa Launch New Debit and Corporate Expense Cards
FV Bank has partnered with Visa to introduce innovative debit and corporate expense cards, announced at Money 20/20 in Las Vegas. These new Visa cards will enable customers to spend both fiat and digital assets globally, marking a significant milestone in integrated banking and cryptocurrency solutions for individuals and businesses.
Global Access to Funds
According to FV Bank, these cards will provide customers, both in the U.S. and internationally, with the ability to access and spend funds from their traditional USD and digital asset balances. This integration offers global payment options at millions of locations worldwide.
Fiat and Cryptocurrency Spending
With these new cards, FV Bank clients can spend or withdraw cash from their bank accounts, utilizing either traditional funds or converting digital assets such as Bitcoin, Ethereum, and stablecoins like USDC. This feature allows users with cryptocurrency held in FV Bankβs custody accounts to instantly convert and use their assets in real-world transactions.
The bankβs principal Visa membership ensures that cardholders have access to various payment methods, including tap-to-pay, chip, and magstripe, enhancing the convenience and flexibility of transactions.
Benefits for Corporate Clients
Corporate clients will particularly benefit from these expense cards, which allow companies to set spending limits, authorize specific users, and track expenses in real time. All these functionalities are manageable via FV Bankβs app, providing a streamlined and efficient financial management tool for businesses.
“These new Visa cards represent a significant step towards integrating traditional banking with the evolving world of digital assets.”
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