" class="no-js "lang="en-US"> Huobi Global Partners With Solaris to Launch Crypto Debit Card in Europe - Fintech Finance
Wednesday, February 08, 2023
Saltedge Report

Huobi Global Partners With Solaris to Launch Crypto Debit Card in Europe

Huobi Global, one of the world’s leading virtual asset exchanges, has announced a partnership with Solaris, to deliver a crypto-to-fiat debit card that will enable Huobi users to spend digital assets at the point-of-sale globally. 

 The Visa-approved program will be available to both new and existing users residing in the European Economic Area (EEA)from Q2 in 2023. They will be able to select and spend from a range of different digital assets linked to their card at the point of sale, via their Huobi Global trading account. 

 This card functionality will remove friction from the user experience, saving time for Huobi users when it comes to on/off ramp fiat and digital assets between accounts and cards. Huobi VISA card holders who pay with Huobi’s platform token Huobi Token (HT) will be rewarded with cashback benefits in accordance with their card levels. Solaris will be providing full end-to-end processing and issuing capabilities for the program, including Visa BIN sponsorship.  

 Justin Sun, the advisor of Huobi Global, said: “Huobi Global highly values our user experience and continuously works to drive improvement for users. This partnership will help us deliver a better experience to our users.” 

 The Huobi-branded Visa debit cards will offer users a range of loyalty benefits and are powered by Solaris’s Buffer card issuing and secondary authorisation technology. Buffer enables cardholders to make payments via a primary fiat account by connecting to a wallet of value (e.g. digital asset) held in a secondary account to deliver a frictionless payment experience. 

 Andrea Ramoino, Chief Strategy Officer at Solaris said: “We are excited to be partnering with a market-leading virtual asset exchange to deliver frictionless crypto-to-fiat point-of-sale spending to the Huobi community, through our market-leading Buffer technology. This is just the first step in our partnership as we look ahead to delivering more payment options to users in the EEA region and beyond.” 

People In This Post

Companies In This Post

  1. Spline Data Announces Launch of Its First Quantitative Municipal Bond Curve Pricing Solutions Read more
  2. Global Fintech Leader Ascenda Announces Axis Bank Partnership Read more
  3. 21Shares and CoinGecko Release The Global Crypto Classification Standard Report Read more
  4. Tempo France and Nairagram Unite for African Remittances: A Game Changer Read more
  5. Broadridge Named Leading Provider of Managed Services Capabilities by Chartis Read more
Banking Renaissance Sidebar (1)
More On