Lama, the cryptocurrency exchange, has started issuing its customers with Visa credit cards. The cards can be used instantly to convert cryptocurrency into fiat currency and are available in physical and virtual forms. On top of that, you can use them everywhere that accepts Visa. The cards come with interesting benefits, one of which is a cash refund of 2% in BTC on all purchases made with the Gold plan.
What Lama’s Visa card gives you
Lama is a cryptocurrency trading platform that blends standard banking services with crypto trading and DeFi integration, and its regulators are in the European Union. Through its partnership with Ledger, the company has access to institutional-grade technology for its custody service, ensuring the safety of its customers’ money at all times. The company has released a number of cutting-edge products designed to facilitate instant crypto-fiat transactions.
Lama Visa cards will make it simple for customers to convert and spend their digital currency at millions of locations across the world. In this way, users are able to fully participate in the global economy, without any limitation, whether they are using fiat currency or crypto.
Lama’s inclusion in Visa’s crypto programme is a reflection of the reliability of its centralised exchange and the firm’s commitment to a comprehensive compliance strategy. Users get the benefits of owning digital assets while still having fast access to their assets for making regular payments, thanks to a straightforward method of exchanging fiat for cryptocurrency.
Lama offers three different Visa card packages to suit different customers’ needs. The first tier, Bronze, offers free access but only a single virtual card that can be used for online purchases. With the Silver plan, you get one physical card and up to three virtual cards, plus 1% cash back in BTC for all of your purchases. Also, there is a monthly fee of €9.99. The Gold package costs €19.99 per month and offers 2% cashback in BTC in addition to five virtual cards and one physical card.