is the newest cryptocurrency exchange and payment service to join the Visa network. has signed a global partnership with the credit / debit card payments giant, including becoming a major contributor to the Visa network in Australia, according to a press release on Wednesday.

In a press release, said the partnership with Visa is in line with the company’s efforts to expand access to an encrypted Visa card. Visa cards are already in use in more than 30 countries around the world, including the United States and Canada, as well as in Europe and the Asia-Pacific region. plans to start issuing its Visa card directly in the country, and the company says it will use its Australian presence to further market penetration to service cards around the world.

In addition to the physical Visa card product, will also start issuing virtual cards in Europe.

Commenting on the Visa partnership, CEO Chris Marsalik said:

“Signing a global partnership with Visa and becoming a key member of the global leader in digital payments confirms our commitment to accelerating the world’s transition to cryptocurrency.”
In an official statement, the company announced the launch of its cash lending program dubbed “Electricity Costs.” With this new product, Visa cardholders will be able to use their cryptocurrency balances in their wallets as collateral for fiat currency loans and spending on trading platforms that support Visa payments.

Earlier in March, launched a $ 200 million crypto investment fund to support industry startups. is also sponsoring the Aston Martin Formula 1 racing team as the British automaker celebrated its return to the F1 track after a 61-year hiatus.

Source: CoinTelegraph