SafePal launches crypto-friendly banking gateway and Visa card, allowing users to pay for daily expenses with cryptocurrencies

SafePal announces strategic investment in Swiss bank Fiat24 and launches a virtual encrypted Visa card with an in-app banking gateway and link. The bank gateway and Visa card will first be launched in selected regions of Europe and then expanded to the entire continent and other countries (excluding the United States and countries subject to US sanctions). Users will be able to use cryptocurrency to pay for daily expenses and seamlessly transfer funds to other bank accounts in compliance. The virtual Visa card supports third-party payment platforms such as Paypal, Google Pay, Apple Pay, and Samsung Pay, enabling smooth and seamless payments. After creating a bank account in the SafePal mobile wallet, the voucher will be minted as an NFT on Arbitrum (an Ethereum Layer 2 solution), and all related transactions will be broadcast on the chain.