FV Bank and Visa launch new cards to merge crypto and USD

FV Bank and Visa have partnered to introduce new debit and corporate charge cards, announced at Money 20/20 in Las Vegas.

FV Bank’s new Visa cards mark a first in integrated banking and crypto solutions for individuals and businesses, allowing customers to spend fiat and digital assets globally.

According to the bank, these cards will allow both U.S. and international FV Bank customers to access and spend traditional USD and digital asset balances and offer global payment options at millions of locations.

Fiat or crypto

With these cards, FV Bank customers can spend or withdraw cash from their bank accounts through traditional funds or by converting digital assets such as Bitcoin (BTC), Ethereum (ETH) and stablecoins such as USDC (USDC).

This means that users who hold cryptocurrency in FV Bank’s custody accounts can now instantly convert their assets and use them in real-world transactions. The bank’s core Visa membership also gives cardholders access to a variety of payment methods, including tap-to-pay, chip and magstripe.

Corporate customers benefit from charge cards that allow companies to set spending limits, authorize specific users and track spending in real time, all of which can be managed through FV Bank’s app.