WhiteBIT and Visa Launch the First-Ever Debit Card for Crypto Payments with Cashback for All Users

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As a seasoned analyst with over two decades of experience in the financial industry, I find myself consistently impressed by innovative solutions that bridge traditional finance and emerging technologies. The WhiteBIT Nova card is one such solution, and it catches my attention as an intriguing development that could potentially revolutionize the way EU residents interact with cryptocurrencies.

As a researcher exploring digital currencies, I’ve found an exciting tool called the WhiteBIT Nova card. This card empowers EU residents like myself to dive into cryptocurrency spending instantly, without needing an initial deposit. Plus, it offers a built-in 10% cashback feature for every user, making it a rewarding choice for anyone venturing into the crypto world.

On December 10, 2024, in Vilnius, Lithuania – WhiteBIT, a leading European cryptocurrency exchange, teams up with Visa payment system and a PSP provider to unveil the first debit card facilitating crypto transactions, offering cashback advantages to all. Known as WhiteBIT Nova, this Visa debit card revolutionizes everyday spending by allowing users to effortlessly spend their digital assets while earning incentives. Designed for daily use, the WhiteBIT Nova card simplifies the process of incorporating cryptocurrencies into one’s regular lifestyle.

Volodymyr Nosov, WhiteBIT’s CEO, expressed his views on the release: “The WhiteBIT Nova card represents a significant leap towards making cryptocurrency a viable option for everyday purchases, particularly in Europe, a vital region for our expansion. Our aim is to encourage the widespread use of blockchain technology by connecting digital assets with conventional spending methods. This card not only improves accessibility but also offers a more inclusive and advantageous financial journey for all users.

Wallester AS, a prominent payment service provider in Europe, is duly authorized as a Payment Institution by the Estonian Financial Supervision and Resolution Authority (Finantsinspektsioon) and holds the status of an official Visa Principal Member, enabling them to issue and offer their cards.

Key advantages of WhiteBIT Nova card:

  • 0% Fee Card Service: This Visa-compatible card does not charge any fees when you open or close it, and there are no ongoing costs for keeping it active. Plus, there’s no initial deposit needed to activate the card, so users can start using their debit card right away without having to make any upfront payment.

  • Physical and Digital Cards: Users can choose between a digital version or a plastic card. The physical card offers additional spending limits and allows ATM withdrawals. Plastic cards can be ordered immediately, with delivery taking up to 10 business days and costing up to €10. 

  • Multiple Cryptocurrency Compatibility: The WhiteBIT Nova debit card is designed to work seamlessly with various digital assets such as USDC, Bitcoin, Ethereum, Ripple, Solana, Near Protocol, Cardano, Avalanche, WhiteBIT Token, and Dogecoin. This feature empowers users by offering them diverse options when using their cryptocurrency for transactions.

  • This credit card stands out by offering cashback as a regular benefit to all users, which they can receive in either Bitcoin (BTC) or WhiteBIT Coin (WBT). The cashback rates vary across different categories: groceries (1%), food and dining (3%), pharmacy items (3%), taxis (3%), pet supplies (5%), and subscriptions (10%). Users have the flexibility to pick up to three preferred categories, and they can adjust these choices daily to optimize their cashback earnings.

  • Friend Referral Rewards: Users get 1 USDC for every friend that signs up and activates their card using a provided link, but the total reward is capped at 50 USDC.

Beyond these attributes, the WhiteBIT Nova card effortlessly syncs with Apple Pay, enabling safe and hassle-free contactless cryptocurrency transactions.

For EU residents, the convenience of a debit card is accessible through the WhiteBIT platform. It’s straightforward to establish this virtual card. Once verified, you can promptly utilize it for transactions. The daily spending limit for the WhiteBIT Nova card amounts to 10,000 EUR equivalent, while the monthly one extends up to 25,000 EUR.

To learn more about the WhiteBIT Nova debit card and make an application, please check out their official website. If you’d like to handle the card easily, don’t forget to download the WhiteBIT app on either your iOS or Android device.

About WhiteBIT  

WhiteBIT, established in 2018, ranks among the leading European cryptocurrency exchanges. It provides access to over 600 trading pairs, more than 300 digital assets, and supports nine fiat currencies. The company boasts partnerships with FC Barcelona, FC Trabzonspor, ESL Faceit, and VISA. WhiteBIT’s mission is to foster the global adoption of blockchain technology on a massive scale.

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2024-12-10 18:00