TechFlow news: SafePal has announced a strategic investment in Swiss bank Fiat24, launching an in-app banking gateway and linked virtual crypto Visa card. The banking gateway and Visa card will first roll out in select European regions before expanding across the continent and other countries (excluding the United States and U.S.-sanctioned countries).
Users will be able to use cryptocurrencies to pay for daily expenses and seamlessly transfer funds to other bank accounts in a compliant manner. The virtual Visa card supports third-party payment platforms such as PayPal, Google Pay, Apple Pay, and Samsung Pay, enabling smooth and seamless transactions.
After creating a bank account within the SafePal mobile wallet, credentials will be minted as an NFT on Arbitrum (an Ethereum Layer 2 solution), with all related transactions broadcasted on-chain.
