The world’s largest payments network—Visa’s crypto-powered black card, bitcoinblack, has been launched in the UAE to offer its members a no-spend limit.
bitcoinblack is only available to 10,000 members worldwide by invitation. To become a cardholder, applicants must first request an invitation from the VISA bitcoinblack official website.
bitcoinblack CEO Prakash Chand said, “bitcoinblack is perfectly suited for high net worth individuals who want to use their crypto for business or pleasure wherever they are in the world, including the 140+ countries where Visa is accepted.”
Visa’s bitcoinblack, which was launched in 2021, allows members to convert their bitcoin and other major cryptocurrencies into spendable cash.
Members can earn up to 10% back in exclusive $SPND tokens. These tokens can be redeemed at a guaranteed 1:1 value in the Haute Living Luxury Marketplace (an online boutique that will be launched in 2 weeks).
Also Read: Visa Unveils Crypto Enabled Cards in Latin America
Kamal Hotchandini, Chief Luxury Officer of bitcoinblack commented saying, “We’re very excited because in addition to being able to spend rewards on incredible luxury items, the marketplace will also allow members to purchase experiences that our team at Haute Living Magazine have created exclusively for them. These are one-of-a-kind events not found anywhere else in the world.”
