Singapore’s dtcpay is collaborating with Visa to launch a card that allows ultra-high-net-worth individuals to convert their digital currencies, including stablecoins, into fiat currencies at real-time rates.
Dtcpay emphasizes that this partnership will facilitate the integration of traditional payments with digital currencies, enabling merchants to cater to a growing segment of ultra-high-net-worth customers. With its blockchain technology and multi-currency swap capabilities, dtcpay enables customers to instantly convert their digital currencies into fiat. They can then use the dtcpay Visa Infinite card to make transactions at various merchants.
The card is set to be available for public registration in the fourth quarter, with dtcpay promising additional offerings for ultra-high-net-worth customers and businesses in the future. Adeline Kim, Visa’s country manager for Singapore, stated, “By combining Visa’s global reach with dtcpay’s Web3 expertise, we are empowering consumers and businesses using dtcpay to seamlessly convert their digital currencies into fiat and make digital payments.”