At Money 20/20 in Las Vegas, it was stated that FV Bank and Visa are working together to make new debit cards and business expense cards
FV Bank’s new Visa cards allow customers to spend cash and digital assets anywhere. This is the first time banking and crypto solutions have been combined for people and businesses.
The bank says these cards will let FV Bank customers in the U.S. and worldwide access and spend money from their traditional USD and digital asset balances. This will give them payment options at millions of places around the world.
Users of these cards from FV Bank can either use regular money to pay for things or digital currencies like Bitcoin, Ethereum, and stablecoins like USDC to get cash out of their bank accounts.
This means that people holding cryptocurrency in custody accounts at FV Bank can now quickly convert their assets and use them in real-world transactions. The bank’s main Visa membership also gives cardholders access to several payment ways, such as chip, magstripe, and “tap to pay.”
For business clients, FV Bank’s app makes it easy to handle expense cards that let them set spending limits, authorize specific users, and track expenses in real-time.