Huobi exchange entered into an agreement with Visa to issue crypto cards

Cryptocurrency exchange Huobi has announced that it has partnered with international payment processor Visa to launch the Huobi Visa card, which the marketplace calls its main product for customers. The product is supposed to help promote the virtual asset industry to the masses.. The card will first be released in the European market, but later it is planned to be released in other regions. According to Tron founder Justin Sun, in the future, any owner of such a card will be able to move around the world with one payment card instead of a dozen different bank ones.. According to the businessman, this will make people much freer financially. The card will be linked to a Huobi user account, and with the assets in the account, according to the official announcement, crypto exchange customers will be able to pay for purchases from more than 80 million merchants that support payments using the Visa system around the world.. Promised cashback in HT (native Huobi tokens), discounts and other benefits for cardholders. Visa Head of Cryptocurrency Cuy Sheffield said that the company now aims to become a bridge between the cryptocurrency industry and its global network of customer-sellers with point of sale terminals, therefore, it is actively looking for partners among large cryptoplatforms. Earlier, the head of Visa, Alfred Al Kelly, said that he expects a strong increase in demand in the crypto card market.. Therefore, legislators need to carefully consider its regulation.