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Seeking Alpha 2021-12-06 20:00:11

Embily's U.S. arm joins Visa's fast track program to launch Bitcoin card: Bitcoin Magazine

The U.S. unit of Europe-based fintech Embily, Embily USA, joins Visa's (NYSE:V) Fintech Fast Track program to launch its prepaid debit card product in the country, the companies told Bitcoin Magazine. Embily will introduce U.S. customers physical or digital prepaid cards that can be loaded with Bitcoin (BTC-USD) and other cryptocurrencies. Embily expects to have a product fully launched in Q1 of next year, Bitcoin Magazine notes. "By joining Visa's Fast Track program, exciting Fintechs like Embily USA gain unprecedented access to Visa experts, technology, and resources," Visa SVP and Global Head of Fintech Terry Angelos, said in a statement sent to Bitcoin Magazine. "Fast Track lets us provide new resources that rapidly growing companies need to scale with efficiency." Shares of V gain 3.6% during the last hour of trading. Previously, (July 7) Crypto-linked card usage exceeded $1B in the first half of this year.

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