James Atkins
Editor
Editor
The UAE has become the first country in the world. Where a Visa VIP crypto credit card for Bitcoin billionaires and millionaires is now available.
The Bitcoin Black Card, as it is called, is a joint venture between Bitcoin.com and UAE-based crypto startup BlockPay. It was first announced in November last year but is only now becoming available to the public.
To get one of these cards, you need to have Bitcoin or Ethereum worth at least $1 million (3,67 million AED) stored in a Bitcoin.com wallet. You will also need to pay a yearly membership fee of $999 (3,67 thousand AED).
According to Bitcoin.com, the card has “no limits” on spending and can be used anywhere.
The bitcoinblack is available to only 10,000 members worldwide. And will allow owners of Bitcoin or other major digital assets to exchange them for spendable cash.
With this, the card allows “the gateway” to be opened up to holders of cryptocurrency. Allowing them access to the realm of premium products and services.
The Bitcoin card’s press release mentions several high-end perks, including a no-limit spending option on one’s card. At any Visa-accepted location and the freedom to use their preferred payment method.
Cardholders will receive up to a ten percent bonus on the money they spend. They can spend these bonuses at the famous Haute Living Luxury Exchange.
Which is an online store with high-end luxury watches, cars, purses, charter jet deals, and private mansion access.
The CEO of bitcoinblack is Prakash Chand, better known as “Dr. Crypto” on Twitter. The card received a lot of recognition since its inception in 2021, according to Dr. Crypto. His tweet to the winner of a giveaway he announced on July 2.
Chand’s first investment in Bitcoin was in 2011 and says he was particularly interested in the Visa card.
After seeing a rise in crypto-rich people wanting a product. That offers them the greatest way to spend their money and get rewarded while doing so.
The Bitcoin Black Visa card is a new way to spend your Bitcoin. The card, which is available in the UAE, offers users ‘no-limit’ spending and rewards for using Bitcoin.
The card is the brainchild of Chand Dhanani, CEO of Bitcoin Black. And was created to make it easy for Bitcoin holders to spend their Bitcoin. The card is available in both physical and virtual forms.
To use the card, simply load Bitcoin onto the card and then use it like any other Visa card. The card can be used anywhere that accepts Visa, including online.
The Bitcoin Black Visa card also offers rewards for using Bitcoin. For every purchase made with the card, users will earn Bitcoin Cashback.
“bitcoinblack is ideal for high-net-worth individuals who wish to utilize bitcoin in any country where Visa is accepted, including the 140+ countries where it’s available,” he states.
“You just load your crypto through the web app or the soon-to-be-available secure bitcoinblack wallet app. And you have immediate access to the luxury world,” Chand says.
The card which is currently available to select clients in the UAE. Will soon be rolled out to other countries in the Middle East and Asia. BitcoinBlack is also in the process of applying for a license to operate in the United States.
With the BitcoinBlack card, there are no limits on spending or withdrawals. And holders can use their crypto to make purchases anywhere in the world where Visa is accepted.
The card also comes with several perks and benefits, including access to exclusive events and discounts at luxury retailers.
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I have been writing copy for blockchain-related projects since 2017. I understand the importance of being able to communicate clearly and effectively with both technical and non-technical audiences. By leveraging my understanding of the crypto industry trends, I can help increase adoption in this rapidly evolving landscape.
