DeCard Visa Launches: Spend Traditional & Digital Assets in One Card
A new card, DeCard Visa, has been launched by DCS Card Centre in collaboration with Visa. This card combines traditional finance with digital assets, allowing users to spend what they have, including their digital assets like USDT and USDC.
The DeCard Visa card, available for download on both Apple Store and Google Play, offers users a range of benefits. It has no annual fees, and ATM withdrawal fees are capped at SGD5 or 1% of the transaction amount, whichever is lower. Cardholders can withdraw cash at ATMs worldwide, except in Singapore.
The card enables users to fund their accounts with Singapore dollars (SGD) and digital assets. This aligns with a 'spend-what-you-have' model, allowing users to access the value of their existing assets. Users can potentially save over 50% on FX transaction fees compared to typical industry rates, as the card offers competitive single conversion costs from digital assets to SGD, eliminating additional FX fees for local spending. The card offers high flexible spending and top-up limits, with funding possible via SGD transfers or select digital assets through licensed partners.
The launch of the DeCard Visa card comes amidst the growing adoption of digital assets in Singapore, with 26% of residents owning them in 2024. This card, a regulated micro credit card, merges traditional finance with digital assets, providing users with a convenient and cost-effective way to manage and spend their funds.
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