Latin American cryptocurrency exchange Ripio is testing a blockchain-linked Visa credit card that allows users to make payments with part of funds locked in a DeFi liquidity pool, CEO Sebastian Serrano said Thursday.

Ripio users will be able to make purchases using up to 30% of the amount locked in a Compound-based liquidity pool that will support bitcoin (BTC), ether (ETH), USDC, USDT and Ripio's dollar-tied stablecoin, cryptodollar (UXD), Serrano said at Ripio’s Modular Summit event in São Paulo, local newspaper Valor reported.

"We are going to do a test with users first, and there will come a time when we will open it up to everyone. It’s a proof of concept where we will have a lot to validate," he said. Customers can join a waiting list to access the card.

In 2022, Ripio introduced a prepaid Visa debit card that allows purchases to be made with cryptocurrencies and gives cash rewards in bitcoin.

Ripio operates in Argentina, Brasil, Uruguay, Colombia, Mexico, Chile, the U.S. and Spain. The company says it reached over 10 million users and 2,000 institutions.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。