Gate and Visa Collaborate to Launch Crypto-Linked Card in Over 40 Markets
Gate has announced a collaboration with Visa to launch a crypto-linked card, further expanding the use of digital assets in everyday spending and global commerce. The product is expected to launch across 40+ markets globally, allowing users to make payments with digital assets online and in-store wherever Visa is accepted.
When users make payments with the crypto-linked Visa card, the relevant crypto assets will be automatically converted into fiat currency at the point of sale. This allows digital assets held in their Gate accounts to be used for everyday shopping, dining, travel, and other expenses. Users can also apply for and manage the card through the Gate app and access related payment services within a familiar platform environment.
Visa boasts an extensive global digital payments acceptance network, spanning over 175 million merchant locations across more than 200 countries and territories. Through this partnership, Gate is connecting its digital asset capabilities with Visa’s payments infrastructure, enabling users to utilize digital assets across a broader range of commercial scenarios.
Founded in 2013, Gate now serves over 61 million users and supports trading across more than 5,300 crypto assets and 12,800 stock assets. The platform has also launched Gate Money, a globally integrated financial services application that brings together digital assets, fiat currencies, stocks, ETFs, gold, bank accounts, and payments.
Gate’s crypto-linked Visa card will further connect assets held in Gate accounts with global payment scenarios, extending Gate Money’s financial services into more everyday spending use cases. Gate Founder and CEO, Dr. Han, emphasized that this partnership aims to give users greater flexibility in how they use their assets and expand the practical use of digital assets in global commerce.
FAQ
What is the purpose of the Gate and Visa collaboration?
The collaboration aims to launch a crypto-linked card that allows users to make payments with digital assets, expanding their use in everyday spending and global commerce.
In how many markets will the crypto-linked card be available?
The crypto-linked card is expected to launch across more than 40 markets globally.
How does the crypto-linked Visa card work?
When users make payments with the card, their crypto assets are automatically converted into fiat currency at the point of sale, allowing them to use digital assets for everyday purchases.
What services can users access through the Gate app?
Users can apply for and manage the crypto-linked Visa card, as well as access related payment services within the Gate app.
What is Gate Money?
Gate Money is a globally integrated financial services application that combines digital assets, fiat currencies, stocks, ETFs, gold, bank accounts, and payments into one platform.
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