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Latest News  + Alternative Assets  + Blockchain  + Crypto  + Digital Banking  |  October 27, 2022
Blockchain.com Launches No-Fees Visa Debit Card for Crypto, Powered by Marqeta, a card-issuing firm
Joe Palmisano
By: Joe Palmisano

Blockchain.com Launches No-Fees Visa Debit Card for Crypto, Powered by Marqeta 

Blockchain.com has released its Visa debit card, allowing US users to spend their crypto balance or cash within their Blockchain.com wallet. The collaboration between the cryptocurrency platform and card-issuing firm Marqeta rewards users with 1% back in crypto.

“As one of the crypto industry’s oldest and most trusted platforms, we’re excited to roll out the natural next step to make crypto easy to use in the real world and accessible to as many people as possible,” said Blockchain.com CEO and Co-Founder Peter Smith.

The debit card was built on the open APIs by Marqeta that allowed Blockchain.com to create a payment card for its users.

According to a 2022 Marqeta US market study, 38% of surveyed Americans own a type of cryptocurrency, with users being more open to using their assets as a currency for exchange.

Earlier this month, Visa announced its partnership with crypto exchange FTX to offer debit cards in 40 countries, with a particular focus on Latin America.

Blockchain.com has raised $490 million in funding, including its most recent Series D round earlier this year that valued the company at $14 billion.

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About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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