The company Visa has entered into an exclusive partnership with cryptocurrency broker Ripio. Attracting investors and supporters of digital investments, the Ripio Card will be launched with support from global payments giant Visa.
The product developed in partnership is an international prepaid card with Bitcoin cashback. The news was announced by the broker this Tuesday, 23 August, for an exclusive launch on Brazilian soil. Nonetheless, users will be able to use the balance of their digital wallets on the crypto platform for various purchases around the world.
The card will be accepted in more than 80 millions of establishment chains. For that, the Ripio Card will function as a fiat currency. I.e, similar to converting Dollar to Real, for example. Like this, the conversion will be automatic of cryptocurrencies in the purchase amounts, in the respective official currencies of the transaction.
Card functionality
With this new feature, investors will no longer need to sell Bitcoin and then send the balance to the broker's app, o Ripio Wallet App. This happens because Ripio Card's proposal is to facilitate Bitcoin transactions, making access to cryptos safer and simpler.
Furthermore, Subscribing to the card does not require credit analysis. Reasons like these made Visa's management believe that innovation will be much more convenient and attractive for investors.
investment of 1,5 million
Digital correct Ripio launched the card as a strategy to expand its portfolio of services and products. For that, declared investment of around 1,5 million to develop and implement the new product with Visa.
According to the Global Head of the Ripio Group, Henry Teixeira, the objective is to conquer 250 thousand new customers by December this year, also including those who are starting to research or invest in digital assets.
For that, the broker launched a promotion valid until 31 October. Users who subscribe to the card will receive 5% cashback on any purchase made, reversed into Bitcoin credits available in your wallets. The promotional limit will be R$ 250,00.
