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Lykke launches co-branded Visa prepaid card

 Lykke, a Swiss fintech company which also operates a cryptocurrency exchange and a forex brokerage, announced the launch of Lykke Card – a co-branded Visa pre-paid card.


The Lykke Card can be used for payment of goods and services online and offline, wherever Visa cards are accepted. The card is drawing funds from the Lykke e-wallet of the exchange’s clients and can be used for converting cryptocurrencies into the equivalent amount of local currency. It can also be used for cash withdrawals from ATMs.


“It’s already easy to request a bank transfer from our wallet app,” said Igor Rumiantsev, product manager for the Lykke Card. “But the Lykke Card takes this concept one crucial step further. We aren’t just investors in a global market. We also go shopping and pay our bills. Getting immediate access to our funds, no matter what form they might take, keeps us connected to our micro world, too.”


As part of the promotional campaign, Lykke is handing out the first 1000 cards free of charge and preloaded with a welcome bonus. Otherwise, the card comes with a set of fees that include issuing, insurance, transaction fees and annual fee, if the sum spent is below EUR/USD/GBP 500 per year.


Lykke is one of the not so many cryptocurrency exchanges who offer cards to its clients. Another platform that has this service is Coinbase, again with Visa, and the Polish platform BitBay, which offers a MasterCard.


 



TAGS: lykke  card  cryptocurrency  visa 
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