This Thursday, Huobi announced a partnership with Visa that will close the gap between the traditional financial structure and the growing crypto space.
What is Huobi?
Huobi is a digital currency exchange that was founded in China in 2013 and is now based in Singapore. It offers a platform for exchanging a variety of digital assets. The company also provides a range of services for professional traders, including margin trading and over-the-counter (OTC) trading. Huobi has a global presence with operations in more than 130 countries and regions around the world.
The Huobi Visa Card is coming!
Huobi’s collaboration with the virtual payment platform, Visa, will help the company in developing what has been tagged as the Huobi Visa Card. After the product has been launched, the digital asset exchange leader will disburse its product all around the world.
The Huobi Visa Card is a tool that will increase the ease at which interested parties can build their crypto portfolios. After all, one of its main purposes is to develop a smooth and effective means of converting fiat to cryptocurrencies.
The partnership will also undoubtedly increase the popularity of the entire digital asset space. Recent statistics show that the digital payment platform attends to the financial needs of 3.3 billion customers situated in 200 countries across the globe. Visa’s 3.3 billion clientele will consist of people that are already invested in the digital assets space and those that aren’t.
Huobi intends to make the most out of this collaboration in bringing its dream of a global adoption of digital assets to life. Justin Sun, a member of Huobi’s Global Advisory Board, was also quick to share this milestone in the Huobi community.
The head of crypto at Visa, Cut Sheffield, also expressed:
“Visa wants to serve as the bridge between the crypto ecosystem and our global network of merchants and financial institutions. We’re excited to work with innovative platforms like Huobi to make it easy and seamless for consumers to spend from their crypto balances anywhere Visa is accepted.”
With the launch of the Huobi Visa Card, which will be available in “Scout”, “Navigator”, “Adventurer”, “Explorer”, and “Expert”, existing Huobi customers will be able to integrate the new product with their accounts. Consequently, they will be able to buy goods and services from any of the 80 million Visa merchant outlets worldwide with their digital assets.
The Huobi Visa Card will also bring other juicy perks to its users, including cashback vouchers, guaranteed coupon airdrops, APY booster coupons, and other benefits present in the Huobi Earn program.