FV Bank obtained the status Principal Member of Visa. This enables it to start issuing processing Visa cards cryptocurrency. This is to popularize the use of digital resources in payment systems.
Visa cards for handling cryptocurrencies in the FV Bank offer
Belonging to Fintech Holdings FV Bank based in Puerto Rico has announced that it is a Principal Member of Visa. This will enable the institution to start a program to issue Visa cards that support cryptocurrencies. This step is closely related to the goal chosen by the bank, which is to change the face of digital banking and which is implemented by implementing the process of integrating banking services with digital assets and supporting the fintech and technology sectors. blockchain.
FV Bank offers its clients integrated banking services including digital asset storage. The edition of Visa cards will enable him to further develop products dedicated to both recipients using traditional currencies and cryptocurrencies. Institutional customers of the bank can use a solution that allows them to trade both of them smoothly and simultaneously.
Series A financing round completed
As announced, the new Visa debit card will be issued at the end of this year. Thanks to it, owners of company accounts will be able to grant access to one of them to several authorized employees at the same time. FV Bank recently closed its 8 million series A financing round. The raised capital proved to be an important support for activities related to the preservation of digital assets.
Huge enthusiasm on both sides
As emphasized by Miles Paschini, co-founder and CEO of FV Bank, cards providing access to digital resources have so far been offered only by a limited group of non-banking institutions. Thus, Visa cards will be the first cards for the handling of digital assets and traditional currencies offered by the bank.
In addition, at the beginning of next year, special versions of credit cards are to be released, ensuring the use of digital resources as credit collateral. The concept of such a solution was created for those users who do not want to sell their cryptocurrencies while maintaining access to funds.
The global issuer of payment cards is also enthusiastic about the new project. As Luis Guerra, director of the Puerto Rico branch argues, Visa as a trusted, world-renowned brand is able to effectively support the process of popularizing digital currencies and popularize their use in payment systems. Guerra also added that the company is extremely pleased that FV Bank will be its new partner in the service of digital resources.