Gate Partners with Visa to Launch Crypto-linked Card Across 40 Countries and Territories, tell me about this news today

Gate Partners with Visa to Launch Crypto-Linked Card Across 40+ Countries and Territories

Leading cryptocurrency exchange Gate has officially partnered with global payments giant Visa to roll out a crypto-linked card program across more than 40 countries and territories. The initiative bridges digital asset liquidity with traditional point-of-sale infrastructure, allowing cardholders to spend their crypto balances directly for everyday online and in-store purchases wherever Visa is accepted worldwide.

Key Highlights of the Gate and Visa Partnership

• Global Merchant Reach: The card links Gate accounts directly to Visa’s global network, granting users instant spending access at more than 175 million merchant locations across 200+ countries and territories.

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• Real-Time Crypto-to-Fiat Conversion: Instead of requiring manual off-ramping or pre-conversion to bank accounts, supported cryptocurrencies and stablecoins held in a user’s Gate balance automatically convert into local fiat currency at checkout.

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• 40+ Initial Markets: The rollout targets over 40 jurisdictions, with localized eligibility, regulatory compliance, and supported digital assets tailored by region.

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• Integrated In-App Management: Cardholders can apply for, activate, and manage both virtual and physical versions of the card directly through the Gate app, with compatibility for mobile payment systems like Apple Pay and Google Pay.

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• Broader Financial Ecosystem: The card functions alongside Gate’s wider financial infrastructure (including the Gate Money suite), aimed at unifying digital assets, bank transfers, and routine consumer payments within one dashboard.

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Why This Matters for the Crypto and Payments Industry

1. Eliminating the Off-Ramp Friction: Historically, spending digital currencies required withdrawing to a centralized bank or using slow peer-to-peer exchanges. This partnership delivers instant liquidity at the point of sale, bypassing intermediary conversion steps.

2. Growing Institutional Backing for Stablecoins: Visa noted that over 160 stablecoin-linked card programs are currently live worldwide, with overall settlement and payment volume surging nearly 200% year-over-year. This partnership reinforces Visa’s aggressive strategy to serve as the bridge between Web3 balances and real-world merchant rails.

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3. Enhanced Utility for Digital Assets: By offering automated conversion and fraud-prevention protections standard to Visa products, the card increases mainstream adoption for both major tokens (such as BTC, ETH, and USDT) and platform ecosystem tokens for daily commerce.

   Gate.com