Huobi and Solaris Launch Visa-Backed Crypto-to-Fiat Debit Card in EEA

• Huobi and Solaris have partnered to launch a Visa-backed crypto-to-fiat debit card in the European Economic Area.
• The card will allow Huobi users to pay from their crypto accounts at point-of-sale stations globally.
• The program is expected to begin in the second quarter of 2023.

Cryptocurrency exchange Huobi and European financial services provider Solaris have announced their partnership to launch a Visa-backed crypto-to-fiat debit card in the European Economic Area (EEA). This groundbreaking move is expected to bridge the gap between digital and fiat currencies, allowing for easier access and usage of cryptocurrency for everyday transactions.

The Visa-backed debit card will be available to Huobi users in the EEA, allowing them to pay from their crypto accounts at point-of-sale stations globally. The program will be approved by Visa, and is expected to launch in the second quarter of 2023.

The EEA includes all 27 European Union (E.U.) member states, as well as Iceland, Liechtenstein and Norway. This move is expected to benefit citizens of these countries and beyond, as the debit card will provide access to the wider world of cryptocurrency.

Andrea Ramoino, the chief strategy officer at Solaris, spoke on the partnership, saying, “This is just the first step in our partnership as we look ahead to delivering more payment options to users in the EEA region and beyond.”

The two companies have stated their commitment to providing users with the most efficient and secure crypto-to-fiat payment systems. In doing so, they hope to make cryptocurrency more accessible and user-friendly for everyday transactions.

This move is also expected to benefit Huobi users, as they will no longer need to convert their digital assets into fiat currency in order to make payments. The card will enable them to pay from their crypto accounts at the point of sale, allowing for easier and faster transactions.

This partnership between Huobi and Solaris is a major step forward for the cryptocurrency industry, and is expected to have a positive impact on the global economy. By providing users with a convenient and secure way to use their digital assets, this revolutionary debit card is sure to revolutionize the way we use money in the future.