Digital asset platform Huobi launches its own debit cards in Europe and announces plans to expand the service worldwide.
Huobi has announced a partnership with European financial services provider Solaris to launch debit cards that will convert digital currencies to fiat. The cards will be supported by the international Visa system, which will allow holders to use them all over the world.
It is reported that users who live in the European Economic Area (EEA), which includes 27 states, will have access to the card from the second quarter of this year.
This is just the first step, Solaris chief strategy officer Andrea Ramoino said, as the company plans to expand payment options for its users in the EEA and other regions in the future. So far, companies are only considering further initiatives in this direction.
Users are promised a user-friendly interface, and those using Huobi’s own HT token are rewarded in the form of cashback. In the future, the company wants to closely link its token with cards. Also, the crypto exchange intends to offer users a number of advantages of its own loyalty program.
Huobi delisted 33 different tokens in one day. The company said it feared unaccounted risks and poor trading activity.
Source: Bits

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