Fireblocks to partner with Solaris for planned launch of crypto debit cards in Europe
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Fireblocks to partner with Solaris for planned launch of crypto debit cards in Europe
The Fire Visa card is scheduled to be available to new and existing users in 30 European Economic Area countries during the second quarter of 2023.
Navigating Web3 tides with focused insightsRecently, Huobi, a leading global virtual asset exchange, announced a partnership with Solaris to launch the new Huobi Visa Card, which bridges the gap between cryptocurrency and fiat currency. Users will be able to spend digital assets directly at any merchant outlet supporting Solaris worldwide. Solaris is a Europe-compliant crypto payment technology provider and a principal member of Visa. This collaboration aims to expand the use cases of the Huobi Visa Card, significantly enhance user payment experiences, and promote the development of the virtual asset industry.
The Huobi Visa Card is scheduled to launch in the second quarter of 2023, available to both new and existing users across 30 European Economic Area countries. Cardholders will then be able to select and spend a range of linked virtual assets directly from their Huobi trading accounts at point-of-sale locations.
The introduction of the Huobi Visa Card saves users time when transferring funds between fiat and digital assets on the platform and their debit card, greatly improving payment efficiency and overall user experience. Cardholders who use Huobi's native token HT for payments will also receive cashback benefits based on their card tier. Solaris will provide full end-to-end processing and issuing capabilities, including Visa BIN sponsorship.
Sun Yuchen, member of Huobi’s Global Advisory Board, said: “Huobi places great importance on enhancing user experience and continuously strives for improvement. Our collaboration with Solaris will help us deliver an even better experience to our users.”
The Huobi Visa Card will be issued by Buffer, powered by Solaris, and supported by its secondary authorization technology. Buffer enables cardholders to connect wallets holding digital assets via a secondary account to make payments from their primary fiat account, offering a more seamless payment experience. In the future, the card will be deeply integrated with Huobi’s native token HT, providing cardholders with additional benefits.
Andrea Ramoino, Chief Strategy Officer at Solaris, said: “We are excited to partner with Huobi, a market-leading virtual asset exchange, to offer the Huobi community fast, smooth, and frictionless cryptocurrency-to-fiat spending through our industry-leading Buffer technology. This is just the first step in our collaboration, and we look forward to offering more payment options to users across the European Economic Area and beyond.”
About Huobi
Founded in 2013, Huobi is one of the world’s leading virtual asset exchanges, serving millions of users globally. Since its inception, Huobi has been committed to delivering top-tier virtual asset investment services. With robust infrastructure, continuous product innovation, and strong financial backing, Huobi provides a truly customer-centric and secure trading environment that empowers international users to achieve diverse investment goals.
For more information, please visit the official website: www.huobi.com
About Solaris
Solaris is a B2B banking and payment solutions provider and was recognized as one of Europe’s fastest-growing companies in 2018, 2019, and 2020. With offices in the UK, Lithuania, and India, Solaris recently merged with Berlin-based SolarisBank, becoming a leading European player in Banking-as-a-Service. Solaris holds a comprehensive suite of regulatory licenses, including FCA authorization and a Lithuanian Bank electronic money institution license covering the European Economic Area, as well as a full UK consumer credit license.
As a principal member of both Visa and Mastercard, Solaris offers full sponsorship and processing capabilities.
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