SafePal, a decentralized crypto wallet, has launched a Visa virtual bank card, teaming up with Swiss bank Fiat24. This initiative promises decentralized and confidential asset storage, though the bank will maintain custody of user credentials.
This initiative offers a residency visa and a pathway to citizenship to 1,000 individuals who invest $1 million in Bitcoin or Tether in the country.
The company’s successful testing of this technology lets users now handle gas fees using their credit or debit cards. This trial took place on the Ethereum Goerli testnet.
