Key Takeaways:
- Lama offers physical and virtual Visa cards to its users, allowing them to convert cryptocurrencies into cash instantly and spend them at any location that accepts Visa
- The Lama Visa cards can be used to spend Euros at both physical and online stores globally where Visa is accepted
- Lama combines cryptocurrency trading, DeFi technology, and traditional banking services
Cryptocurrency exchange Lama offers physical and virtual Visa cards to its users. This service, where cryptocurrencies can be converted to cash instantly, provides the opportunity to spend in all places accepted by Visa. The cards include many different benefits, and the Gold plan reimburses users 2% of all their spending in Bitcoin.
Founded in 2022, Lama combines the power of crypto trading and DeFi technology with traditional banking services. Since its inception, it has exhibited many innovative products for all transfers between cryptocurrency and fiat. Lama’s new Visa cards are an important milestone for achieving the company’s vision and goals.
Euros can be spent with Lama-branded Visa cards in all physical and online stores where Visa, the world leader in digital payments, is valid. To encourage users, up to 2% of all spending will be refunded in Bitcoin.
Lama has created three different Visa card plans that will provide advantages to all users.
Bronze Plan
- Free to use.
- Limited to a single virtual card for spending online.
Silver Plan
- Costs €9.99 per month.
- Includes up to three virtual cards.
- Includes one physical card.
- Offers 1% BTC cashback on all purchases.
Gold Plan
- Costs €19.99 per month.
- Includes up to five virtual cards.
- Includes one physical card.
- Offers 2% BTC cashback on all purchases.
According to Brigham Santos, the Head of Operations at Lama, Lama Visa cards will serve as an excellent and innovative tool for individual users looking to maximize their use of crypto. Visa cards, which are valid in more than 200 countries and territories around the world, will provide great convenience to Lama users. This strategy makes cryptocurrencies concrete and easily accessible, allowing consumers to actively participate in the global economy.
Visa’s crypto card program includes collaboration with 50 of the biggest cryptocurrency platforms to develop white-label Visa-branded debit cards. These are intended to make it simple to spend digital cash at 70 million merchants throughout the world. Lima’s acceptance into this program reflects both the quality of its centralized exchange and its stringent compliance policy, which ensures that all regulatory standards are met.
Lama Visa Card is suitable for daily use and provides consumers with an intermediary service that easily converts between fiat and cryptocurrencies. As a result, all users can use both cryptocurrency and Visa card with peace of mind and access their digital assets whenever they want.
What is Lama?
Lama is a legal EU cryptocurrency exchange aimed to bringing crypto and mainstream financial services together. Through its cooperation with Ledger, Lama employs institutional quality custody service technology to keep customer assets safe and secure. Lama is able to issue Visa cards to its consumers since it is PCI DSS compliant, making it easier to transfer between fiat and crypto.
