Crypto Visa Card and App Represent the Newest Components of Gleec’s Ecosystem
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The Gleec team recently announced the launch of a new top-up Visa cryptocurrency card and accompanying beta version of the Gleec card app.
Both products allow users to request virtual and physical Visa crypto cards, load digital assets and transact with a cryptocurrency of choice in more than 170 countries along with over 40 million retailers.
Physical Gleec Visa cards feature a modern, high-end design and stand apart from other offerings in the space by functioning completely free of charge, excluding delivery of the actual item (express shipping currently stands at €14.99).
All Gleec Visa card transactions are denominated in fiat currency. Crypto to fiat exchanges take place before users can load their cards for use on the Visa payments network.
The Gleec team indicates their new crypto card is designed to lower the barriers for virtual currency holders and “bring freedom into your wallet.” They say launching a card is a “natural next step” in accordance with a project mission to “promote technology solutions that improve and simplify daily lives, with focus on crypto usability.”
The integrated Gleec ecosystem hinges on Gleec Coin, a Bitcoin fork launched in 2019 and the utility coin of the blockchain-based platform.
Gleec announced the launch of its Gleec BTC digital asset exchange earlier in February, relying on Scalable Solution’s white-label software to present a platform with deep liquidity, battle-tested security, and a modular technological approach.
Payment Processors Jump On Board
Crypto cards like Gleec’s newest offering have surged in popularity over the last few months as payment industry giants like Visa and Mastercard signal openness to virtual currency and blockchain.
In mid-February, MasterCard, Island Pay, and the Central Bank of the Bahamas announced a collaboration to launch the Bahamas Sand Dollar prepaid card.
Users can convert crypto to the fiat Bahamian dollar and transact wherever Mastercard is accepted with the new card. The Sand Dollar, piloted in 2019 and deployed in October 2020, is the island’s virtual version of its fiat currency.
Mastercard executive Raj Dhamodharan says the partnership “is an example of how the private and public sector can rethink what’s possible while delivering the strongest levels of consumer protection and regulatory compliance.”
Around the same time, TTM Bank announced the release of a prepaid crypto card supporting popular virtual currencies like Bitcoin and Ethereum, among others. A press release dated February 15th indicates more than 40,000 users have already ordered the card.
Gleec’s Visa card features many benefits seen with other offerings, which include low monthly fees, the ability to withdraw from ATMs, a lack of foreign transaction fees, high spending limits (up to €10,000 per month), and compatibility with contactless technology like ApplePay.
The Gleec team indicates they are one of the few crypto top-up providers with a small list of country restrictions, claiming their card has an addressable market of close to one billion people.
Gleec’s New Card Wallet: Allowing Users To Manage Their Money
Those interested in a Gleec Visa can log onto the newly-launched beta version of the Gleec card app to onboard, verify their identity, and officially request a physical and virtual card. The app also functions as a secure wallet, permitting cardholders to buy, sell, store, and send a range of cryptocurrencies while swapping virtual currency for fiat with the push of a button.
Gleec continues to plan new product launches to further integrate the Gleec Visa, card app, and other elements of their ecosystem closer together, building on the foundation of a successful crypto market entry with Gleec Coin.
