News

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.

Published

2 years ago

July 8, 2022

David Morelo

BitcoinBlack

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.

bitcoinblack no limit visa credit card

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.

Related Topics:Bitcoin Cryptocurrency United Arab Emirates

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Mamo Completes $3.4M Funding Round To Enhance Fintech Services

The startup will use the influx of cash to expand into Saudi Arabia and across the wider GCC while improving its product offering.

Published

1 day ago

July 25, 2024

Nour Nasir

Mamo

UAE-based fintech Mamo has announced the completion of a $3.4 million funding round that will help the startup extend its market presence and improve its product offering. Investors included 4DX Ventures, the Dubai Future District Fund and Cyfr Capital.

Mamo’s platform offers “payment collection, corporate cards and expense management” to help small and medium-sized businesses consolidate and streamline their operations. With the latest influx of capital, Mamo will further develop its comprehensive suite of services and begin testing its product lines in Saudi Arabia, further extending its footprint across the GCC.

Imad Gharazeddine, co-founder and CEO of Mamo, stated: “We’ve been in the market for a while now and are incredibly proud of what our team has achieved. The holistic and expansive nature of our product offering has helped us continue to grow sustainably. This additional funding will allow us to reach our medium-term goals even faster. The support from new and existing investors is a testament to our strong expertise and the ability to deliver on our customer promise”.

Daniel Marlo, General Partner of lead investor 4DX Ventures, added: “We have immense trust in Imad’s vision, leadership and Mamo’s innovative approach to provide a user-friendly and comprehensive financial solution for SMEs that makes financial management more accessible and efficient. We are proud to partner with them and support their mission”.

Also Read: A Guide To Digital Payment Methods In The Middle East

Amer Fatayer, Managing Director of Dubai Future District Fund’s investment team, also commented: “Mamo’s localized product lines serve as an infrastructure for SME payments and spend management in UAE, a segment that is underserved by the country’s current banking infrastructure. The team has taken a product-first approach to consolidating SMEs’ financial journeys and building a fintech solution deeply embedded in a business’s core operations”.

To date, Mamo has raised around $13 million in investment funding and now boasts a team of 30 people. The company’s intuitive financial services platform has allowed over 1,000 businesses to consolidate their financial operations and significantly reduce payment fees.