The cryptocurrency exchange Huobi partners with Visa to unveil the Huobi Visa Card in the near future.

The partnership between Seychelles-based Huobi and Visa focuses on creating a user-friendly gateway for converting fiat currencies into cryptocurrencies, promoting the growth and adoption of virtual assets in the process.

The Huobi Visa Card will be directly linked to users' accounts on the exchange, enabling cardholders to utilize their cryptocurrency holdings for purchases at over 80 million retail locations worldwide. Additionally, cardholders can expect various perks, such as cashback offers, APY booster coupons, trading fee discounts, sure-win coupon airdrops, and benefits at partner merchants. Interestingly, the card will come in five distinct levels: Scout, Adventurer, Navigator, Explorer, and Expert.

The first phase of this initiative will see the Huobi Visa Card launched in multiple European regions, with plans for a global rollout thereafter. However, the precise launch date has yet to be disclosed.

"The introduction of the Huobi Visa Card is a pivotal step in our mission to make virtual assets accessible to all. Both Huobi and Visa are key players in their fields. Through this card, we aim to contribute to financial inclusion on a global scale,\"

said a member of Huobi’s Global Advisory Board, Justin Sun. 

In October, Visa had teamed up with what was then the second-largest cryptocurrency exchange, FTX, to kickstart a similar project, just before FTX faced a sudden bankruptcy crisis triggered by a liquidity issue involving $FTT. Plans for that card were set to launch. debit cards in 40 countries After nearly a month of investigation, the co-founder Gary Wang and former co-CEO of Alameda Research Caroline Ellison were charged with federal offenses. pleaded guilty FTX's co-founder Sam Bankman-Fried also faces legal repercussions. was arrested in the Bahamas on December 12. 

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