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BitcoinBlack Launches Its No Limit Visa Crypto Credit Card In UAE
Card holders get exclusive access to a mansion on the Turks and Caicos Islands, special charter deals provided by Momentum Jets, exclusive private events, as well as 1,300+ airport lounges around the world.
Cryptocurrency credit card company BitcoinBlack has recently launched its no limit Visa crypto credit card. Access to the card is limited to 10,000 high-net-worth individuals, and applicants must share their net worth, credit score, and annual income in US dollars, among other information in order to be considered.
“Secured by the holder’s crypto, the card is billed as a gateway to a world of luxury goods and services and one-of-a-kind members-only experiences,” states the press release issued by BitcoinBlack on July 4.
More specifically, the holders of the BitcoinBlack Visa crypto credit card get exclusive access to a mansion on the Turks and Caicos Islands, special charter deals provided by Momentum Jets, exclusive private events, as well as 1,300+ airport lounges around the world.
The card rewards every purchase with a cashback of up to 10% in the form of the Spend token ($SPDN). The token can be converted to other cryptocurrencies or redeemed at the Haute Living Luxury Marketplace at a guaranteed 1:1 value to the USD.
“We’re very excited because in addition to being able to spend rewards on incredible luxury items, the marketplace will also allow members to purchase experiences that our team at Haute Living Magazine have created exclusively for them. These are one-of-a-kind events not found anywhere else in the world.” said Kamal Hotchandini, Chief Luxury Officer of BitcoinBlack.
Also Read: 3 Best Cold Storage Wallets For Crypto In 2023
BitcoinBlack was founded in 2021 by Prakash Chand, a serial entrepreneur based out of Toronto. Prakash is known largely for his medical information website Ask The Doctor, which used a Cardano-based token, called AskToken ($ASK).
Despite what some cryptocurrency news outlets have reported, BitcoinBlack is not owned by Visa Inc. The financial and payment cards company merely lets BitcoinBlack use its payment network to facilitate transactions.
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PayPal & TerraPay Join Forces For Cross-Border MENA Payments
The collaboration will be especially helpful in regions where traditional banking infrastructure is limited or inconsistent.
PayPal has teamed up with TerraPay to improve cross-border payments across the Middle East and Africa. The move is designed to make it easier and faster for users to send and receive money internationally, especially in regions where traditional banking infrastructure can be limited or inconsistent.
The partnership connects PayPal’s digital payments ecosystem with TerraPay’s global money transfer network. The goal is to streamline real-time transfers between banks, mobile wallets, and financial institutions, significantly improving access for millions of users looking to move money securely and efficiently.
Through the partnership, users will be able to link their PayPal accounts to local banks and mobile wallets using TerraPay’s platform. This means faster transactions and fewer barriers for individuals and businesses across the region.
“The Middle East and Africa are at the forefront of the digital transformation, yet financial barriers still limit growth for many,” said Otto Williams, Senior Vice President, Regional Head and General Manager, Middle East and Africa at PayPal. “At PayPal, we’re committed to changing that […] Together, we’re helping unlock economic opportunity and build a more connected, inclusive financial future”.
For TerraPay, the deal is a chance to scale its reach while reinforcing its mission of frictionless digital transactions.
“Our mission at TerraPay is to create a world where digital transactions are effortless, secure, and accessible to all,” said Ani Sane, Co-Founder and Chief Business Officer at TerraPay. He added that the partnership is a major milestone for enhancing financial access in the Middle East and Africa, helping businesses grow and users move funds with fewer limitations.
Also Read: A Guide To Digital Payment Methods In The Middle East
The integration also aims to support financial inclusion in a region where access to global banking tools is still uneven. With interoperability at the core, TerraPay can bridge the gap between different financial systems — whether that’s a mobile wallet or a traditional bank — making it easier to send money, pay for services, or grow a business across borders.
As the demand for cross-border payment options continues to rise, both PayPal and TerraPay are doubling down on their commitment to provide reliable, secure, and forward-looking financial tools for the region.
PayPal & TerraPay Join Forces For Cross-Border MENA Payments
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