Tron founder Justin Sun on Thursday said crypto exchange Huobi Global has partnered with financial services giant Visa to launch the Huobi Visa Card. The goal of the partnership is to establish a more efficient and convenient channel between fiat and crypto. Moreover, boost the adoption of crypto across the globe.
Huobi Partners With Visa
In an official announcement on December 22, Huobi revealed that it has partnered with Visa for launching the Huobi Visa card to promote the virtual asset industry.
Initially, the Huobi Visa Card will be offered in the European market. The card will be rollout in other regions subsequently. Justin Sun asserts the Huobi Visa card launch is a significant milestone for the company as well as for the crypto community. He tweeted:
“In the future, Every Huobi user will automatically obtain a citizen of the Dominica universe, and visa card enjoying the freedom of identity, financial freedom. Travel around the world with one card in hand!”
The launch will contribute to the promotion of virtual assets globally. Moreover, provide access to virtual asset services to everyone and increase global financial inclusion.
“We are very pleased to be able to cooperate with such an innovative platform as Huobi, and hope that Visa can become a bridge between the cryptocurrency ecosystem and our global network of merchants and financial structures,” said Cuy Sheffield, Head of Cryptocurrency at Visa.
The Huobi Visa card will be linked with the Huobi account of users. Virtual asset balance in Huobi account can be used to make payments at over 80 million Visa-supported merchants around the world. In addition, the card offers benefits such as cashback in Huobi Token (HT), rebate and airdrop coupons, and Huobi Earn product investment privileges, etc.
Visa has been at the forefront of crypto partnerships and believes in the future of cryptocurrencies. In early December, Visa proposes Ethereum integration will allow users to make transactions without the involvement of third parties.
Huobi Token (HT) Price Jumps
After the news surfaced, Huobi Token (HT) price jumped almost 3%. Currently, the HT price is trading at $5.42, with a 24-hour low and high of $5.19 and $5.49, respectively.
However, the HT price shows volatility as the crypto market sentiments remain mixed.