FV Bank and Visa launch new cards to merge crypto and USD

FV Bank has partnered with Visa to introduce new debit and corporate expense cards, announced at Money 20/20 in Las Vegas. The collaboration marks a significant milestone in integrating traditional banking with crypto solutions, allowing users to access and spend both fiat and digital assets globally.

These Visa cards will enable FV Bank customers in the U.S. and abroad to access and use funds from their USD and cryptocurrency balances. This includes popular digital assets like Bitcoin (BTC), Ethereum (ETH), and stablecoins such as USDC, offering global payment options at millions of merchant locations.

Fiat and Crypto Flexibility

Customers can spend or withdraw funds directly from their FV Bank accounts, either using traditional fiat or by converting crypto into local currency for everyday transactions. This allows users holding cryptocurrency in FV Bank’s custody accounts to easily convert their assets and use them in real-world purchases.

The cards, backed by Visa’s principal membership, support various payment methods, including tap-to-pay, chip, and magstripe options.

Corporate Expense Management

For corporate clients, FV Bank offers a corporate expense card that provides tools for managing business spending. Companies can set spending limits, authorize users, and track real-time expenses, all accessible via the FV Bank app.

This development is a significant step in bridging the gap between traditional finance and the growing crypto economy, enabling both individual and business users to seamlessly navigate between fiat and digital currencies.