Fintech company Bitlocus has partnered with Striga, an Estonian fintech company to offer crypto-friendly debit cards to its customers across the European Economic Area (EEA) and the rest of the world.
The crypto-enabled debit cards, according to Bitlocus, would allow customers to spend their cryptocurrencies in the same way that they spend traditional currencies anywhere Visa is accepted.
The Bitlocus card platform, which is backed by the Visa network, connects people all over the world as well as over 70 million merchant locations. Customers will be able to spend their crypto coins on POS (Point of Sale) devices, make online transactions, and withdraw cash from ATMs, according to Bitlocus.
According to Bitlocus, the crypto cards will help both retail and business customers. While the card will allow any users can make payments using tokens listed on the Bitlocus exchange, it will also allow commercial clients to put their logo on the card.
Bitlocus’ Chief Executive Officer, Andrius Normantas, commented on the news, saying: “The card is a logical fit with the rest of Bitlocus’ product line. Digital currencies and the crypto ecosystem, in general, are gaining traction, and we want our clients to get as much advantage as possible from this transition “.
Striga’s CEO, Bernardo Magnani, also commented on the relationship, saying: “Our work with Bitlocus has been crucial in the growth of Striga as a company, dating back to when we were running our own crypto card program under the name Lastbit.
We’re honored to have been chosen by Bitlocus to power their ambitious crypto-enabled card program, and we’re looking forward to the next phase of our collaboration.”
Bitlocus announced that it is ready to launch both virtual and real cards, and that registration for the waiting list will begin soon.
Bitlocus, which was launched in 2018, has remained a DeFi investment platform for fiat-based investors. The Terra-based DeFi investment platform was created to make it simple for traditional investors to gain access to the rapidly growing DeFi market.
Bitlocus launched its innovative B2B products in September of last year, including a white-label exchange, crypto mass payouts, IEO launchpads, crypto payment gateway, and custom pair (with fiat) token listing services, all of which are designed to meet the needs of crypto projects of any size and scale.
Bitlocus accomplishes this through a variety of solutions that give fiat consumers access to the yields offered by DeFi platforms and protocols like Aave, Compound, Venus, and Sushi. Bitlocus offers such products through a dashboard for accessing DeFi yields, allowing ordinary investors to reap the benefits of DeFi.