Cryptocurrency exchange LBank has announced the launch of the first unlimited crypto credit card.
The card will be available in both physical and virtual forms and aims to break the boundaries of crypto payments.
LBank’s crypto credit card allows its users to make any purchase and payments directly with cryptocurrencies granted by the exchange. The card will also support local cash withdrawals.
The exchange’s nine million users are expected to have access to its new service in Q3 2023, with its VIP users enjoying early-access privileges.
The press release further states the card will have no spending or withdrawal limits and may be used on payment platforms such as Google Play. No information regarding fees and charges is currently available, but such information will be announced before the card’s release.
LBank’s founder, Eric He, commented:
For us, an important point is that users from all over the world can order and use our credit card. Our vision is to make crypto assets safer and circulation freer. Launching our own credit card is a significant step towards achieving this goal.
The LBank credit card can be ordered from the exchange’s website and is offered in various options, including a metal version.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.