Lama, an emerging cryptocurrency exchange, is introducing Visa cards to its user base. These versatile cards, available in physical and virtual forms, allow for the seamless conversion of cryptocurrency to fiat currency, enabling users to purchase at any establishment that accepts Visa. Alongside this convenience, the cards offer an array of exclusive advantages, including an enticing 2% Bitcoin (BTC) cashback on all transactions for those subscribed to the Gold plan.
Debuted in 2022, Lama is a regulated cryptocurrency exchange that seamlessly merges traditional banking services with crypto trading and DeFi integration. Since then, the company has introduced a series of groundbreaking products designed to facilitate smooth transfers between cryptocurrency and fiat currency. Among these offerings, Lama’s latest release of Visa cards represents a significant milestone in realizing its vision of frictionless crypto-fiat transactions.
Unlocking the Power of Crypto for Everyday Transactions
With the Lama-branded Visa cards, users gain the ability to conveniently utilize both cryptocurrency and euros for transactions at any brick-and-mortar or online establishment that accepts Visa. To sweeten the deal, users will also be eligible to earn up to 2% cashback on all their purchases, with the rewards disbursed in Bitcoin. Lama has developed a range of three Visa card plans specifically designed to cater to the varying requirements of its users.
The options begin with the Bronze card, which comes at no cost and offers a single virtual card exclusively for online transactions. Moving up, the Silver plan encompasses three virtual cards and one physical card and provides 1% Bitcoin cashback on all purchases. This plan is available for a monthly fee of €9.99. Finally, the Gold plan, priced at €19.99 per month, provides users with up to five virtual cards, one physical card, and an enticing 2% Bitcoin cashback on their transactions.
Brigham Santos, Head of Operations at Lama, said: “The Lama Visa card is an essential tool for anyone looking to make the most of their crypto assets. By using Lama Visa cards, users will easily convert and spend their digital currency at millions of merchants worldwide. This makes crypto tangible and accessible, allowing users to fully participate in the global economy.”
Lama’s Commitment to Compliance and Excellence
Visa’s crypto card program has forged partnerships with 50 prominent crypto platforms to introduce white-label Visa-branded debit cards. These innovative cards are specifically crafted to provide users with a seamless experience when utilizing digital currencies for transactions at over 70 million merchants across the globe. Lama’s inclusion in this program not only underscores the stature of its centralized exchange but also highlights its unwavering commitment to strict compliance policies, guaranteeing adherence to all regulatory standards.
With the Lama Visa card, spending cryptocurrency in daily life becomes more convenient, offering consumers a straightforward method of transitioning between fiat and digital currencies. This provides users with the dual advantage of benefiting from the potential value appreciation of holding digital assets while also ensuring the flexibility of instant access to funds when making everyday purchases.
Lama, an EU-regulated cryptocurrency exchange, is committed to bridging the gap between cryptocurrency and traditional financial services. In collaboration with Ledger, Lama leverages institutional-grade custody service technology to ensure the utmost safety and security of customer funds. With its certification as PCI DSS compliant, Lama is empowered to offer Visa cards to its users, simplifying the process of transitioning between fiat and cryptocurrencies.
