Another cryptocurrency project with a Visa card.
A Visa payment card for blockchain and FC Barcelona fans will appear on the market. Chiliz and Socios are behind the project.
- Chiliz and Socios will have their Visa card.
- The card is currently being tested, but it will hit the market soon.
Visa card for blockchain fans
Chiliz and Socios are platforms that issue tokens for fans of sports teams. Their most famous project is the FC Barcelona token - FC Barcelona Fan Tokens (BAR). Now they will offer users their Visa payment card.
Alexandre Dreyfus, CEO of Chiliz i Socios, told Cointelegraph that the card is currently being tested by a limited pool of users. It will be released on the regular market at the beginning of the third quarter of 2020 and will initially be available in 26 countries of the European Economic Area.
FC Barcelona Fan Tokens and other rewards will be awarded for using it during daily purchases.
Users will be able to top up their balance and make payments in British pounds and euros.
Card for tokens
Dreyfus added that special tokens will be needed to purchase the card. Details have not yet been released.
Cards are emerging now, shortly after Socios obtained a valid regulatory license to issue loyalty and payment cards at the end of July 2020.
Chiliz and Socios companies, as a kind of business duo, are strengthening their position on the market. As you can see, their appetites extend beyond the role of token issuers to fans. In July, the largest Brazilian cryptocurrency exchange, Mercado Bitcoin, launched the Chiliz (CHZ) token. In June 2020, Chiliz and Socios sold the aforementioned FC Barcelona fan tokens worth $ 1.3 million in less than two hours.
It can be suspect that this is not the end of Socios and Chiliz's innovative ideas.
It is worth adding that Litecoin will also have its Visa card.
