Visa Backed Debit Card From Huobi And Solaris Launches In EU

Visa has supported a partnership by Huobi and Solaris to allow their European users to make payments from their crypto account using Visa-backed debit cards.

Creating diverse payment options (with both fiat and digital currencies) as Blockchain innovations evolve has become part of the mission of many financial institutions. Visa, a trusted leader in the digital payment industry, is also part of this vision.

More About The Debit Card

Crypto exchange Huobi recently announced a new partnership project with European Financial services provider Solaris. The partnership would launch a debit card powered by Visa to allow users to initiate crypto-to-fiat currency payments.

Users within the European Economic Area (EEA) will have access to the debit card in Q2 of 2023. The EEA includes all the countries that make up the European Union.

Andrea Ramiono, chief strategy officer at Solaris, commented on the partnership. He said the development is the first step in the Solaris Huobi partnership, hinting at the possibility of more innovations from their collaboration. This development marks a milestone in Huobi’s efforts to make virtual assets accessible to everyone.