By
Temitope Olatunji
March 27th, 2024
Founded in 2011, Blockchain.com has grown to over 80 million users globally, with over $1 trillion in crypto transactions.
Blockchain.com, one of the leading cryptocurrency trading platforms, has announced that its highly anticipated Visa card is out for grabs to limited users initially. According to the announcement, the Blockchain.com Visa card already has 50,000 sign-ups on the waitlist, all from the United States.
The Blockchain.com Visa card has been developed in collaboration with Visa Inc (NYSE: V) and Marqeta Inc (NASDAQ: MQ). Consequently, users can rest assured of state-of-the-art technology when initiating crypto transactions.
“As one of the crypto industry’s oldest and most trusted platforms, we’re excited to roll out the natural next step to make crypto easy to use in the real world and accessible to as many people as possible,” said Peter Smith, Blockchain.com CEO and Co-Founder. “This is a prime example of digital assets making their mark on the existing financial services industry as we shape the future of (mainstream) finance.”
Blockchain.com Pushes Cryptocurrency Adoption
Founded in 2011, Blockchain.com has grown to over 80 million users globally, with over $1 trillion in crypto transactions. In the past decade, the company has made tremendous gains in the global cryptocurrency market. Moreover, the company has received several regulatory approvals from different jurisdictions.
Cryptocurrency adoption has been happening so fast that market strategists forecast significant price volatility in the near future.
For instance, Marqeta’s 2022 State of Money Movement study revealed that 38 percent of the United States consumers surveyed said they own digital assets.
The study found that approximately 93 percent of cryptocurrency owners in the United States hold them like assets. However, there is significant demand for consumers to use cryptocurrency as a currency for exchange.
Interestingly, approximately 82 percent of consumers surveyed globally said they would be interested in a debit card where they could use cryptocurrency to make everyday purchases.
“At Visa, we believe for crypto adoption to grow, it must be easily accepted everywhere,” said Cuy Sheffield, Head of Crypto at Visa. “We’re excited to partner with leading crypto wallets and exchanges like Blockchain.com to unlock more ways consumers can use their crypto for everyday purchases.”
After a successful rollout in the United States, Blockchain.com has noted that global users can expect the Visa card by next year. Moreover, Blockchain.com is available in over 200 countries and territories globally.
The cryptocurrency market has recorded a bump toward a $1 trillion market cap in the past 24 hours. According to market data provided by Coingecko, Bitcoin price is up approximately 3 percent in the past 24 hours to trade at around $20,778.