Gateio Launching Debit Card Supporting Shiba Inu Payments Across Europe
Gate Group, the parent company of crypto exchange Gate.io, has announced plans to launch its Gate Visa debit card in Europe.
The card will allow customers to pay with Shiba Inu (SHIB) and other crypto assets at all 80 million merchant stores that accept Visa.
The debit card will be launched through Gate Global UAB, the Lithuanian-based subsidiary of Gate Group.
The waitlist for the card is currently exclusive to customers in the European Economic Area (EEA), with no official timeline provided for the launch.
Users will be able to convert their crypto assets to fiat when making in-store and online payments.
Gate Group plans to release a dedicated app for the card that will allow customers to manage and track their spending.
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.
Visa recently denied claims that it plans to halt its crypto push due to regulatory uncertainty and blowouts.
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.