Dubai-based blockchain startup introduces crypto debit card

A blockchain startup in Dubai has introduced a crypto debit card that is linked to a cryptocurrency wallet. AlphaCard plans to take cryptocurrencies mainstream by offering a prepaid card that allows users to spend their digital money at any Visa point of sale (POS) terminal. It aims to serve the unserved and underbanked-people who do not have access to traditional banking services or credit cards. The company's chief executive officer and co-founder Abraham Cohen, said: "Crypto debit cards are rapidly changing the banking industry."

AlphaCard is a fintech startup that is working to reshape the future of banking and payment systems through Blockchain technology, has announced the launch of its new crypto debit card, which will allow its customers to load their crypto assets onto the card and use it for in-store purchases.

The company will present its crypto debit card at the Blockchain 360 conference in Dubai on November 29, 2022. AlphaCard is a global decentralized payment processing project that allows merchants and consumers to easily receive and spend money via anonymous Visa debit cards. The payment terminal is also available as an app for Android and iOS devices.

A new crypto debit card has been launched for the cryptocurrency community in the UAE. The crypto debit card, which is issued by Dubai-based B2B blockchain company AlphaCard Network, works like a regular debit card and can be used to purchase goods and services from any merchant that accepts Visa or Mastercard payments.

The Anonymous Visa Debit Card is the first of its kind when it comes to anonymous, hassle-free payments. It's an anonymous debit card that allows you to withdraw money from any ATM worldwide without providing your personal information. The card is issued by one of the largest banks in the UAE and comes with a physical delivery option, allowing you to receive it at your doorstep within days (depending on your location). The card comes with an EMV chip and can be used everywhere Visa is accepted. Unlike other cards, this card has a low monthly fee for anyone who would like a physical card but does not hold or provide his/her identity. Based on the belief that one's personal information is a right, the Anonymous Visa Debit Card has no hidden fees. It grants you anonymity on the go and respect of your private information.

The anonymous Visa debit card offers an easy way to access funds from your crypto account. No ID or verification of any kind is required. Just set up an account and load it with crypto. Use the card anywhere you can use a Visa debit card, including ATM withdrawals from any bank worldwide.

VISA®-branded crypto debit card, issued by a banking partner in Dubai, is now available for purchase via the AlphaCard website.

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AlphaCard Founded by a team of financial and banking experts, AlphaCard is a blockchain startup operating in the UAE. The company has developed a crypto debit card that can be used to pay for goods and services anywhere Visa is accepted. The firm is set to revolutionize the way payments are made in the Gulf region.

This release was published on openPR.