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

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 for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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