Gateio Launching Debit Card Supporting Shiba Inu Payments Across Europe

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Gate Group, the parent company of crypto exchange Gate.io, has announced plans to launch its Gate Visa debit card in Europe.

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The card will allow customers to pay with Shiba Inu (SHIB) and other crypto assets at all 80 million merchant stores that accept Visa.

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The debit card will be launched through Gate Global UAB, the Lithuanian-based subsidiary of Gate Group.

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The waitlist for the card is currently exclusive to customers in the European Economic Area (EEA), with no official timeline provided for the launch.

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Users will be able to convert their crypto assets to fiat when making in-store and online payments.

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Gate Group plans to release a dedicated app for the card that will allow customers to manage and track their spending.

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Visa’s Head of Crypto, Cuy Sheffield, has expressed support for the card, stating that it will serve as a bridge between the crypto ecosystem and Visa's network of merchants.

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Visa recently denied claims that it plans to halt its crypto push due to regulatory uncertainty and blowouts.

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The crypto card will become the latest in a line of newly-introduced crypto and Shiba Inu payment solutions, including Binance's crypto card in Argentina.

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