Crypto Exchange Lama Issues Visa-branded Cards With 2% Bitcoin Cashback

Visa cards are being distributed to crypto exchange Lama’s consumers. The physical and digital cards make it possible to instantaneously convert cryptocurrency to fiat and use it everywhere Visa is accepted. The cards come with some unique advantages, such as a 2% BTC reward on all purchases for the Gold plan.

Lama, a licensed cryptocurrency exchange, debuted in 2022 and offers standard banking services along with crypto trading and DeFi connectivity. Since then, the business has released a variety of ground-breaking products designed to allow easy crypto-fiat transfers. The launch of Lama’s new Visa cards is a significant step in that direction.

Users of the Lama-branded Visa cards may make purchases at any physical or online merchant that accepts Visa. Additionally, one may earn up to 2% cashback on all purchases, which will be given in bitcoin.

Three Visa card programs designed specifically to fulfill user demands have been created by Lama. The first of them is the Bronze card, which has a single virtual card limit and is free to use. Up to three virtual cards, one physical card, and a 1% BTC reward on all transactions are included in the Silver plan. Monthly fees are €9.99. Up to five virtual cards, one physical card, and 2% BTC cashback are all included in the €19.99/month Gold plan.

Brigham Santos, Head of Operations at Lama, said: “The Lama Visa card is an essential tool for anyone looking to make the most of their crypto assets. By using Lama Visa cards, users will easily convert and spend their digital currency at millions of merchants worldwide. This makes crypto tangible and accessible, allowing users to fully participate in the global economy.”

Visa’s crypto card program includes partnerships with 50 of the top crypto platforms to provide white label debit cards using the Visa logo. These are intended to facilitate the use of digital money among the 70 million merchants throughout the globe. The fact that Lama was accepted into this program is a credit to both the stature of its centralized exchange and to the tight compliance guidelines it follows to make sure it complies with all legal criteria.

With the Lama Visa card, customers have an easy way to convert between fiat and crypto, making it simpler to use cryptocurrency in daily life. Users may therefore benefit from having both the advantages of owning digital assets and the security of knowing that they can quickly access their funds when they need to make a regular payment.