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HomeAltcoinsVisa introduces crypto-backed (bitcoinblack) card in UAE to use crypto with no...

Visa introduces crypto-backed (bitcoinblack) card in UAE to use crypto with no pre-set limit

According to a press release issued by bitcoinblack on July 4, a global crypto visa black card is now available in the United Arab Emirates with a no-spend limit. The newly issued card will allow limited members in the UAE to spend cryptocurrency with no pre-set spending limit. Also, the card can exchange bitcoin and other major cryptocurrencies for cash.

“We’re very excited because in addition to being able to spend rewards on incredible luxury items, the marketplace will also allow members to purchase experiences that our team at Haute Living Magazine have created exclusively for them. These are one-of-a-kind events not found anywhere else in the world.” said Kamal Hotchandini, Chief Luxury Officer of bitcoinblack.

“People with incredible wealth in crypto needed a way to spend their crypto easily and be rewarded for it.” said CEO Prakash Chand.

He further adds, “bitcoinblack is perfectly suited for high networth individuals who want to use their crypto for business or pleasure wherever they are in the world, including the 140+ countries where Visa is accepted. All members need to do is simply load up their crypto through the web app or soon-to-come secure bitcoinblack wallet app, and they’re instantly empowered to spend their crypto with the best conversion rates and high limits.”

The crypto-backed premium credit card, which was launched in 2021, is accepted worldwide. The card will also offer its users the opportunity to earn up to 10% back in special $SPND tokens.

In the official press release, it is also said that only 10,000 members around the world have been invited to use the card.

Exclusive offers for card members:

This premium card allows its members to spend their rewards on a variety of luxury items in bitcoinblack’s Haute Living Luxury Marketplace. Because companies are increasingly focusing on millennials and their parents, the thought of luxury products becoming available through cryptocurrency is not new. Some high-end watchmakers, like Tag Heuer, Hublot, and Breitling, now accept cryptocurrency payments for their products. 

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Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.
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