#Gate与Visa合作推出加密资产关联卡 The crypto-linked card launched by Gate and Visa (Gate Card) provides crypto traders with a seamless bridge between “crypto assets” and “traditional fiat payments,” carrying profound real-world significance for crypto traders!
1. Seamlessly enables “everyday payments” and “fiat conversion” of crypto assets
· Eliminates cumbersome conversions: Traders no longer need to frequently exchange “crypto assets–fiat” on exchanges. When making purchases at Visa-supported merchants worldwide (online/offline), the system can instantly convert crypto assets (such as BTC, ETH, and USDT) into fiat for settlement, solving the pain point of crypto assets being “difficult to spend.”
· Reduces exchange losses and barriers: When making cross-border purchases, traders can avoid the complexity and high exchange losses of traditional currency conversion, enabling “one-click spending” and significantly improving the circulation and payment efficiency of crypto assets.
2. Connects to the global payment network and expands crypto asset use cases
· Expands spending coverage: The card connects to Visa’s global payment network and covers a large number of merchants worldwide, allowing crypto traders to make everyday purchases, shop online, and withdraw cash at ATMs globally just as they would with a traditional bank card, transforming crypto assets from “speculative assets” into “everyday payment tools.”
· Improves asset liquidity: By expanding real-world spending scenarios for crypto assets, it effectively activates traders’ assets and enhances the liquidity and practical value of crypto assets.
3. Reduces traders’ overall costs
· Lowers conversion and withdrawal costs: It eliminates the intermediary steps and fees involved in traditional fiat withdrawals. Some cards also offer cashback on spending (such as up to 8% cashback) or rewards points, directly generating additional returns for traders and reducing their overall usage costs.
· Reduces the cost of idle funds: Funds can be flexibly switched between crypto assets and fiat at any time, improving capital efficiency and avoiding idle assets.
4. Improves the convenience and security of fund usage
· Convenient fund management: The card is linked to the trader’s exchange account (such as a Gate account), making fund transfers and spending more convenient while supporting multi-currency top-ups and flexible switching between funding accounts.
· Compliance and security: The card relies on Visa’s compliant payment network and provides KYC (identity verification) and AML (anti-money laundering) compliance safeguards. Fund transfers are traceable, effectively reducing compliance and security risks when traders use crypto assets for payments.
5. Meets cross-border transaction and globalization needs
Supports cross-border payments: For traders engaged in cross-border transactions, making purchases overseas, or traveling abroad frequently, the card supports multi-currency settlement, eliminating the hassle of carrying large amounts of cash or arranging complex cross-border remittances and greatly improving the convenience of cross-border payments.
The partnership between Gate and Visa has significantly lowered the barrier for crypto traders to use crypto assets for everyday payments, improved capital efficiency, and promoted the transformation of crypto assets into mainstream payment tools.
