VISA, the world’s largest payments network, has launched an exclusive VIP crypto credit card called ‘Bitcoinblack’ in the United Arab Emirates.
The card, which was first introduced in 2021, is only available by invitation to 10,000 users worldwide and allows them to convert Bitcoin (BTC) and other cryptocurrencies into spendable cash.
The card, according to reports, is secured by the holder’s cryptocurrency and offers premium perks such as a no-limit speding anywhere Visa is accepted, as well as rewards up to 10% back in special SPND tokens.
As a result, owners of this exclusive card will be able to spend their rewards on a variety of luxury items in Bitcoinblack’s Haute Living Luxury Marketplace, which is described as “a curated online boutique that includes luxury watches, purses, cars, charter jet deals, private mansion access, and more” and is set to launch soon.
As companies increasingly target millennials, making luxury goods available via cryptocurrency isn’t a novel idea. Some of the world’s most prestigious watchmakers, including Tag Heuer, Hublot, and Breitling, are now accepting cryptocurrency payments for their products.
Summited by HotQA