Singapore’s dtcpay is working with Visa on a card that will allow ultra-high-net-worth individuals to convert their digital currencies, such as stablecoins, into fiat at real-time rates.
editorial
This content was selected, created and edited by the Finextra editorial team based on its relevance and interest to our community.
According to Dtcpay, the partnership will help bridge the gap between traditional payments and digital currencies and enable merchants to accept payments from a growing segment of UHNW customers.
Thanks to the company’s blockchain and multi-currency swap capabilities, customers can instantly convert their digital currencies into fiat and then use their dtcpay Visa Infinite card to transact at merchants.
The card will be available for public registration in the fourth quarter. dtcpay promises further offers for UHNW customers and companies in the future.
Adeline Kim, country manager for Singapore at Visa, said: “By combining Visa’s global reach with dtcpay’s Web3 expertise, we enable consumers and businesses using dtcpay to convert their digital currencies into fiat and make digital payments seamlessly.”
