Payments

KuCoin intros Visa crypto card

Photo: Adobe Stock

December 4, 2023

KuCoin, a cryptocurrency exchange, has launched KuCard, a cryptocurrency debit card. The card converts cryptocurrency into fiat currency at point of sale for use at physical and online retailers and at ATMs, according to a press release.

KuCoin provides notifications, transaction records and integration with Apple and Google Pay. The card will first be available in the European Economic Area, with a larger global launch occurring in the future.

"The launch of KuCard represents a significant milestone for both KuCoin and the cryptocurrency industry as a whole, as the daily payment method, the crypto debit card plays a crucial role in accelerating the crypto mass adoption," Johnny Lyu, CEO at KuCoin, said in the release. "We are excited to offer users a seamless bridge between digital assets and traditional banking, empowering them to spend their cryptocurrency with ease while enjoying the benefits of a traditional debit card."