Huobi Global Enters Into A New Partnership

December 22, 2022

Story: Divya Sinha

Huobi Global has announced plans to collaborate with Visa to issue Huobi Visa cards globally.

According to the company’s post, this aims to bring a more efficient fiat-to-crypto gateway for its users and promote the development of the crypto industry.

Initially, Huobi Visa Card will be available in several European markets and will be rolled out to other regions soon.

Justin Sun, a member of Huobi's Global Advisory Board said that this moves marks a significant milestone in Huobi’s push in making virtual assets accessible to everybody.

He added that both Huobi and Visa are both prominent leaders in their respective industries and expects to contribute towards global financial inclusion.

Cuy Sheffield, Head of Crypto at Vis a said that Visa wants to serve as the bridge between the crypto ecosystem and the global network of merchants and financial institutions.

With this card, Huobi users can conveniently convert virtual funds in their Huobi account to pay for goods and services at 80 million Visa-enabled merchants around the world.