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Huobi Global announced plans to work with Visa to create Visa cards for Huobi Visa users worldwide.
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The company posted that this will provide a faster fiat-to-crypto gateway for users and encourage the crypto industry's growth.
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The Huobi Visa Card is initially available in several European markets. It will soon be expanded to other countries.
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Justin Sun, a Huobi's Global Advisory Board member, stated that these moves mark a significant milestone for Huobi’s push to make virtual assets available to everyone.
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He said that Visa and Huobi are both leaders in their respective fields and that he expects to contribute to global financial inclusion.
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Cuy Sheffield, Head of Crypto at Visa, stated that Visa wants to be the link between the crypto ecosystem and the global network of merchants and financial institutions.
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This card allows Huobi users to convert virtual funds from their Huobi accounts to pay for goods or services at 80 million Visa-enabled merchants worldwide.
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