Huobi Partners with Solaris to Launch Crypto Debit Card in Europe
Recently, Huobi, the world's leading virtual asset exchange, announced a partnership with Solaris to launch a new debit card, Huobi Visa, which will open up a channel for transferring cryptocurrencies to fiat currency, and users can use it directly at sales outlets that support Solaris around the world Digital assets are consumed. It is reported that Solaris is a European compliant encryption payment technology provider and a major member of Visa. This cooperation aims to expand the usage scenarios of the Huobi Visa card, comprehensively improve the user's payment experience, and promote the development of the virtual asset industry.
Huobi Visa Card is scheduled to be opened to new and old users in 30 countries in the European Economic Area in the second quarter of 2023. At that time, cardholders will be able to select and consume a series of virtual assets associated with their cards at the point of sale through the Huobi transaction account.
The launch of the Huobi Visa card saves time for Huobi users to deposit and withdraw legal currency and digital assets between platform accounts and debit cards, and greatly improves payment efficiency and user experience. Cardholders use the Huobi platform token HT to pay, and will also receive cashback benefits according to the cardholder level. Solaris will provide complete end-to-end processing and issuance capabilities for this, including sponsorship of Visa BINs and more.
Justin Sun, member of Huobi Global Advisory Committee, said: "Huobi attaches great importance to the improvement of user experience and is constantly striving to improve it. The cooperation with Solaris will help us provide users with a better experience."
It is reported that Huobi Visa card is issued by Buffer equipped with Solaris, and provides secondary authorization technical support. Buffer allows cardholders to connect to wallets holding digital assets through a secondary account to make payments in the main fiat currency account to provide a more convenient payment experience. In the future, the card will be deeply bound with the Huobi platform token HT to provide cardholders with more benefits.
Andrea Ramoino, Chief Strategy Officer of Solaris, said: "We are delighted to cooperate with Huobi, a market-leading virtual asset exchange, to provide the Huobi community with fast, smooth and frictionless cryptocurrency-to-fiat consumer payments through our industry-leading Buffer technology .This is just the first step in our partnership, and we look forward to offering even more payment options to users in the EEA and beyond."
About Huobi Founded in 2013, Huobi is one of the world's leading virtual asset exchanges, providing services to millions of users in the international market. Since its establishment, Huobi has been committed to providing first-class virtual asset investment services. Huobi's strong infrastructure, product innovation and capital strength provide a truly customer-centric and safe trading environment, helping international users achieve multiple investment goals.
secondary title
About Solaris
Solaris, a B2B, banking and payment solutions provider, is one of the fastest growing companies in Europe in 2018, 2019 and 2020. With offices in the UK, Lithuania and India, Solaris recently merged with Berlin-based Solaris to become Europe's leading banking-as-a-service leader. Solaris has a full suite of compliance licenses including the FCA covering the European Economic Area and the e-money license of the Bank of Lithuania, as well as a full UK consumer credit license.
Solaris, as a principal member of Visa and Mastercard, has full sponsorship and processing capabilities.
