Gate, a cryptocurrency and financial services platform, has announced a partnership with Visa to launch a crypto-linked payment card across 40 or more countries and territories. The card enables users to convert their digital assets to fiat currency at the point of sale for purchases wherever Visa is accepted.
The card operates by automatically converting cryptocurrency holdings into local currency when users make transactions online or in-store. Cardholders can apply for and manage their cards through the Gate app, which consolidates payment services alongside their existing account management.
Visa operates a global payments network spanning more than 175 million merchant locations across more than 200 countries and territories. The partnership connects Gate's digital asset services with Visa's infrastructure to expand payment options for cryptocurrency users. Currently, more than 160 stablecoin-linked Visa card programs operate globally, with payment volume increasing nearly 200 percent year-over-year.
Gate, founded in 2013, serves more than 61 million users and supports trading across 5,300 or more cryptocurrency assets and 12,800 or more stock assets. The platform also provides access to traditional financial assets including metals, stocks, indices, forex, and commodities. Gate was among the first platforms to implement 100 percent Proof of Reserves.
The crypto card integrates with Gate Money, the platform's financial services application launched globally. Gate Money consolidates digital assets, fiat currencies, stocks, ETFs, precious metals, and banking services within a single interface. Eligible users can apply for global bank accounts and manage transfers, conversions, and payments in one application.
The product aims to simplify cryptocurrency use in everyday spending scenarios, allowing digital asset holders to access a broader range of commercial use cases without manually converting their holdings to traditional currency.
