LBank, one of the largest centralized cryptocurrency exchanges, has officially announced its first crypto credit card, which will be launched in the third quarter of 2023.
LBank launches first unlimited crypto credit card
LBank aims to break down barriers to cryptocurrency payments with the first unlimited crypto credit card. According to the announcement, users will be able to pay with LBank card in both virtual and physical forms. Importantly, the exchange allows any consumer payment in cryptocurrency via this card. It will also support local cash withdrawals.
About 9 million users of LBank are expected to start using this card in the third quarter of 2023. Special early access rights will be given to VIP users of the exchange. The credit card will be linked to the digital assets of LBank users. It can also be used on various payment platforms such as Google Pay. The application ensures that each charge and consumption record is displayed in detail after receiving the card, allowing users to keep track of their financial status at all times.
LBank users can consume their assets within the exchange using this card. However, the option to withdraw assets in fiat currency is provided. The card will not have the quota limitations of regular credit cards. Both consumption and withdrawal will be unlimited. LBank’s technical team stated that more detailed information on payment options, such as fee tiers, will be announced as the card rollout approaches.
LBank users can order right now
Users who want to receive the LBank credit card can now place an order on the exchange’s website. The card comes in different options, including a metal version. Select users can also get a special VIP version that provides up to 2% cash back when used. According to the official announcement:
The important point for us is that users from all over the world can order and use our credit card. Our vision is to make crypto assets safer and freer to circulate.
cryptocoin.com As we reported, LBank had previously triggered a medium-sized rally with its PAW Token listing.
About LBank
LBank is one of the largest crypto exchanges founded in 2015. It offers its users exclusive financial derivatives, expert asset management services and secure crypto trading. The platform has more than 9 million users from over 210 regions worldwide. It is a cutting-edge platform that ensures the integrity of users’ funds and aims to contribute to the global adoption of cryptocurrency.
The exchange recently formed a strategic partnership with ArkStream Capital. This collaboration focuses specifically on innovations in the Web3 space.
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