Bahamas-based cryptocurrency exchange FTX announced it would be teaming up with Visa to roll out crypto debit cards across 40 new countries. FTX successfully introduced a Visa debit card in the US earlier this year and will now be focussing the rollout on South America, Europe, and Asia. These debit cards enable the owner to pay for goods and services just like a card linked to a bank account, except payments will be taken in cryptocurrency. As Visa operates with 80 million merchants globally, this will prove to be beneficial for both parties.
This collaboration shows that big names in banking are beginning to seriously acknowledge the rate at which cryptocurrency is being adopted. Visa stated it believes digital currencies will have a “lasting impact on the future of financial services and money movement.” FTX said the partnership further expands the “connection between digital assets and the global financial ecosystem.” Surely, we can expect to see further alliances being drawn up very soon in the future. FTX has much in the pipeline, including hosting Crypto Bahamas in April 2023.
Uniglo is another project marrying traditional with digital finance. Uniglo is the first fully asset-backed, community-driven crypto project. The GLO Vault stores assets such as collectibles, antiques, rare cars, and precious metals like gold alongside cryptocurrency and NFTs. Therefore, holders benefit from the steady appreciation of artifacts and treasure and the more volatile digital assets. The Vault will benefit from bullish and bearish markets, and users can vote for the assets they wish to purchase. Assets will be bought from the treasury, backed by buying and selling taxes, meaning each time GLO is used, its holders benefit from amassing more wealth for the whole community. Also, Unlike fiat, more coins won’t be printed. GLO uses a dual-burn mechanism to burn tokens continuously and limit supply. Scarcity is innate, making it both deflationary and prepped for growth.
GLO’s unique Ultra Burn mechanism protects against major price fluctuations, supporting stable prices and therefore making it an ideal choice for use as payment. GLO is approaching the final stages of its ICO, so be quick if you wish to get in early on this innovative new project.
Join Presale: https://presale.uniglo.io/register
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.