Embily USA is launching a refillable crypto debit card that will further close the gap between digital currencies and traditional finance: enabling an open financial ecosystem accessible to everyone.
Embily USA announced that it had joined Visa’s Fintech Fast Track program, speeding up the process of integrating with Visa and allowing Embily to more easily leverage the reach, capabilities, and security that VisaNet, the company’s global payment network, offers.
Through the Fast Track program, Embily will gain access to Visa’s payment network and achieve faster onboarding times, expediting the process by which the business can scale.
Embily will be available as a physical or digital prepaid card that consumers in the United States can load with a handful of cryptocurrencies (BTC, ETH, USDC, USDT). The cryptocurrencies are then liquidated using a third-party exchange—allowing the funds to appear in USD and ready to be spent anywhere in the world that Visa is accepted, in just a few minutes. Shop online and offline with millions of merchants around the world, and withdraw cash from any ATM. Clients can also pay contactless by adding the Embily card to Apple or Google Pay.
“We are excited to have the opportunity to ramp things up with the help of Visa. This is another major step towards our launch. Be on the lookout for what the future may hold.” Joe Sasenick, CEO, Embily USA.
Visa’s Fintech Fast Track Program provides startups like Embily the ability to access Visa’s growing partner network with experts who can guide in helping them get up and running in the most efficient way possible. Learn more about Visa’s Fintech Fast Track program at https://Partner.Visa.com.
“By joining Visa’s Fast Track program, exciting Fintechs like Embily USA gain unprecedented access to Visa experts, technology, and resources,” said Terry Angelos, SVP and Global Head of Fintech, Visa. “Fast Track lets us provide new resources that are rapidly growing companies need to scale with efficiency.”