DeFi project KingSwap today announced the launch of its Visa debit card, available globally. The card offers no annual fees or foreign transaction fees, with rewards of up to 3% back* on all deposits. Accepted anywhere that Visa is accepted, KingSwap’s debit card uses a tier one bank and its distributors for payment processing and banking solutions.
Read More: Antier Solutions launches White Label Crypto Margin Trading & Derivatives Exchange Platforms
KingSwap’s Visa debit card features a sleek, high-end metal design and entitles card holders to perks including high-yield rewards. By owning one of these debit cards, users will be able to purchase cryptocurrencies with lower fees on the KingSwap platform. They’ll also gain access to benefits and products through KingSwap’s partnerships.
KingSwap’s Visa debit cards are limited in quantity, and available on a first-come, first-serve basis for users who have completed KYC verification and begun staking on KingSwap. To request a KingSwap Visa debit card, users can sign up here and complete ID verification. Applicants will be notified when their card is ready to ship.
Read More: GlobalFintechSeries Interview with Konstantin Richter, CEO & Founder of Blockdaemon
KingSwap Visa Debit Cards are loaded with fiat rather than digital assets, and all transactions are denominated in fiat currency. Use of the card is subject to terms and conditions of the applicable cardholder agreement, and may be subject to fees such as ATM fees.
KingSwap was founded by a team of experienced leaders in banking, finance, and crypto, including Dr. Anish Mohammed, who has advised and worked for companies including HSBC, Lloyds, and Zurich, and was an early advisor to Ripple and Ocean Protocol; Dunstan Teo, Chief Architect of the Fido Protocol and President of Sanctum Pte Ltd.; and Ho Chin Shin, who previously worked as a director at Standard Chartered Bank; Nomura, Japan’s largest investment bank; and the Bank of Singapore.
Read More: Evaluating The Future of B2B Payments