Users can select either a digital or physical debit card and enjoy up to 10% cashback on selected purchases made with cryptocurrencies. The debit card will support 10+ major cryptocurrencies including Bitcoin, Ethereum, XRP and Dogecoin.
WhiteBIT, one of the leading cryptocurrency exchanges in Europe, announced a strategic partnership with VISA to launch the first-ever debit card with cashback for crypto payments for all EU users. The WhiteBIT Nova card allows EU residents to start spending cryptocurrencies directly on their card with no deposit required, and enjoy up to 10% cashback on select purchases.
Announced Tuesday, the WhiteBIT Nova card is a collaboration between the VISA payment system and PSP provider, aiming at transforming how users in Europe spend their digital assets. In addition, the team aims to empower users to spend their digital assets while earning rewards seamlessly. According to Volodymyr Nosov, CEO of WhiteBIT, the move will enable users to easily integrate crypto payments into their daily lives while growing adoption rates and utility.
“The WhiteBIT Nova card is a major step in making cryptocurrency a practical choice for everyday transactions, particularly in Europe, a key market for our growth,” Nosov stated in a speech on the launch. “We are committed to fostering the mass adoption of blockchain technology by bridging the gap between digital assets and traditional spending. This card not only enhances accessibility but also offers a more inclusive and rewarding financial future for all users.”
The WhiteBIT Nova debit cards will be offered by Wallester AS, the leading card issuing platform in Europe. The company is regulated and authorized as a payment institution by the Finantsinspektsioon (Estonian Financial Supervision and Resolution Authority) and doubles up as an official Visa Principal Member.
A New Dawn For Crypto Payments In Europe
Founded in 2018, WhiteBIT has grown into one of the largest regulated exchanges in Europe and has become a regular sighting across some of the biggest football giants across the continent. The exchange offers 600+ trading pairs, 300+ digital assets, and 9 state currencies. It is the official crypto partner for FC Barcelona, FC Trabzonspor, ESL Faceit, and now is a partner to VISA.
As stated above, the WhiteBIT Nova debit card aims to revolutionize everyday spending, giving crypto users a direct medium to spend their money. Apart from seamless spending, the debit card also includes key features that prime it to lead in crypto payments across Europe.
First, there are no fees associated with opening or closing the Visa-enabled card, nor any charges for holding it. Furthermore, no initial deposit is required for activation, allowing users to begin utilizing their debit card immediately without any upfront commitment.
Users can also select a digital or physical card. The physical card offers users additional daily spending limits of up to 10,000 EUR equivalent, while the monthly one is 25,000 EUR. The physical card can be ordered immediately, with delivery taking up to 10 business days and costing up to €10. Users can also make ATM withdrawals using the physical card.
Crucially, the WhiteBIT Nova card supports multiple cryptocurrencies for spending at any VISA merchant. The card supports all major cryptocurrencies and digital assets including USDC, BTC, ETH, XRP, SOL, NEAR, ADA, AVAX, WBT, and DOGE, giving users flexibility in how they spend their crypto.
The card is the first to offer cashback as a standard feature to all cardholders, paid in BTC or WBT (WhiteBIT Coin). Categories include groceries (1%), food/restaurants (3%), medicine (3%), taxi (3%), pet supplies (5%), and subscriptions (10%). Users can select up to three categories and adjust them daily to maximize their rewards.
Moreover, users can also receive a bonus of 1 USDC for every friend who registers and activates their card using their referral link, with a maximum referral bonus of 50 USDC. Moreover, each user who applies for the WhiteBIT Nova card via the referral link will also receive a 1 USDC bonus.
Finally, the card can also be linked with other digital payment services such as Apple Pay, allowing faster, convenient and secure contactless payments using crypto.
