Cardano·Visa Launch Coin Payment Card..."Swipe with ADA and get 8% Cashback"

▲ Cardano (ADA), Cryptocurrency Payment/AI Generated Image

Cardano (ADA) has made a full-fledged entry into the real-world payment market, launching a Visa debit card that offers an unprecedented reward of up to 8%, setting a new milestone for the popularization of virtual assets.

According to a report by virtual asset specialized media The Crypto Basic on April 22 (local time), the Cardano ecosystem has partnered with fintech companies Baanx and CL to introduce a physical Visa card. This card can be used at over 100 million merchants worldwide. Users can convert their held Cardano into fiat currency in real-time for payments.

The reward system is designed to be industry-leading. It offers crypto-back rewards, returning up to 8% of the payment amount in virtual assets. The tiered reward system, applied differently based on rank, is a key factor to attract user influx. The absence of annual or monthly fees also enhances market competitiveness. Anyone can easily apply for and receive the card through a dedicated app.

Technical convenience has also been enhanced. Linked with a dedicated Cardano wallet, it allows for integrated management of physical and digital assets. Card top-ups and payments are made within the app without complex exchange transfer processes. It is evaluated as having improved real-life financial accessibility for individual investors. Interoperability expansion with other major assets like Bitcoin (BTC) is also anticipated.

This launch is part of Cardano's ecosystem expansion strategy. The intention is to solidify its position as an everyday payment method, beyond mere investment. By utilizing Visa's global financial infrastructure, it has secured network reliability. The scope of virtual asset-based financial services is expanding. The introduction of physical cards increases on-chain activity, thereby enhancing the overall value of the network.

The plan is to expand global service areas, starting with the European and UK markets. Operations will focus on legal compliance and enhanced security. The Cardano card serves as a bridge connecting virtual assets and the real economy. User experience-centric financial innovation drives ecosystem growth. The payment culture utilizing digital assets is expected to spread even faster.

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