Lama joined other crypto trading platforms including Gate.io, Crypto.com and Bybit to provide crypto debit cards to customers.
Crypto Exchange Llama Launches Its Own Branded Card Visa Inc (NYSE: V). According to a press release shared with Coinspeaker, these cards could enable instant conversion of cryptocurrencies to fiat currencies, allowing users to carry their digital assets and euros everywhere Visa accepts them.
Llama offers both physical and virtual Visa cards to cater to the diverse preferences of its user base. The physical card can be used for personal transactions just like a traditional debit or credit card. On the other hand, virtual cards can be used for online shopping and digital transactions.
Along with this facility, the cards come with several exclusive benefits, which include an attractive 2% Bitcoin (BTC) Cashback on all purchases for users subscribing to the Gold plan. This unique feature sets Llama apart from traditional banking rewards programs, allowing customers to earn bitcoin while making everyday purchases.
To meet the diverse needs of its users, LAMA has developed three Visa card schemes that offer different features and benefits. These plans are aimed at providing flexibility and choice to the users based on their preferences and usage patterns.
The entry-level plan offered by Lama is a Bronze card. It is a free plan that provides users with a virtual card to spend online. While it has a limited feature set, it is a practical solution for consumers who primarily transact online and need a basic card to aid their digital spending.
The second is the Silver plan, which is designed for users who need additional card options and advanced benefits. For a monthly fee of €9.99, users can enjoy three virtual cards, one physical card and 1% BTC reward on all purchases.
Lastly, the Gold plan is a premium offering, which provides users with a comprehensive set of features and benefits. Priced at €19.99 per month, this plan includes five virtual cards, one physical card and 2% BTC cashback.
llama brand
LAMA, as a registered EU crypto exchange, is dedicated to bridging the gap between crypto and mainstream financial services. The platform strives to create a seamless and secure experience for users by working with industry-leading service providers and adhering to high compliance standards.
One of the key aspects that sets Llama apart is its partnerships Ledger, a renowned provider of institutional-grade custodial services. By leveraging the technology of Ledger, Llama ensures that customer funds are stored in a safe and sound manner.
In addition, Llama has obtained certification for Payment Card Industry Data Security Standard (PCI DSS) compliance. This certification demonstrates Llama’s commitment to adhering to the highest security standards in handling cardholder data.
Llama joins other crypto firms to issue payment cards
Notably, Llama joins other crypto trading platforms including Gate.io, Crypto.com and Byte to offer crypto debit cards to customers. According to an earlier report, the parent company of Gate.io cooperated With electronic payment facility Visa to launch a crypto card for European users.
Meanwhile, Crypto.com has operated a debit card scheme for years, while ByBit only recently cooperated Together mastercard inc (NYSE: MA) on a similar product. Notably, Visa’s crypto card program includes collaborations with 50 of the largest crypto platforms to develop white-label Visa-branded debit cards. They aim to make it easy to spend digital currency with 70 million merchants around the world.
Benjamin Godfrey is a blockchain enthusiast and journalist who loves to write about real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies drives his contributions to well-known blockchain-based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
Bitcoin Crypto Related Post