KEY TAKEAWAYS
- Solid introduces the first Visa card on the Fuse platform, integrating DeFi with everyday spending.
- The Solid Card offers a non-custodial, gasless experience, allowing users to earn yield and spend globally.
- Bridge’s stablecoin infrastructure supports the card’s global rollout, enhancing real-world Web3 finance applications.
Solid has announced a significant development for the Fuse ecosystem with the introduction of the first-ever Visa card built on the platform. The Solid Card, developed in partnership with Bridge and Visa, allows users to earn yield on their balance and spend it instantly wherever Visa is accepted. This initiative marks a notable advancement in integrating decentralized finance (DeFi) with everyday spending.
A New Era for Real-World Payments on Fuse
The Solid Card aims to redefine financial transactions by combining DeFi yield generation with Visa-powered spending. Built on Fuse and utilizing Bridge’s stablecoin infrastructure, the card offers a non-custodial, gasless, and mobile-first experience. Users can earn automatically and spend effortlessly, with their balance growing in the background.
The card will initially be available as a Virtual Solid Card in the US, Latin America, and Africa, with plans to expand to more countries. A Premium card offering additional perks is also on the roadmap.
Bridge’s Role in Global Payments
Bridge, a next-generation stablecoin infrastructure platform, plays a crucial role in this development by simplifying global money movement. The platform enables companies to launch global card-issuing programs quickly across various regions, including the US, Latin America, and Africa.
Through this partnership, Solid is bridging the gap between Web3 finance and real-world use, empowering users to earn, save, and spend globally. The Solid Card allows users to complete KYC in the Solid app, issue their card in minutes, and add it to Apple Pay or Google Pay for seamless transactions.
Solid’s approach combines DeFi yield generation with Visa-powered spending, ensuring that every dollar deposited is utilized through audited, institutional-grade strategies. Users can enjoy features such as 2% cashback in FUSE, with a Premium tier offering up to 5% cashback on popular subscriptions.
The Virtual Solid Card is set to launch soon, with pre-orders already open. Users can secure their spot through the Solid app, ensuring priority placement when the card becomes available.
For more information, the announcement can be found here.
Why This Matters: Impact, Industry Trends & Expert Insights
Solid’s launch of the first Visa card on the Fuse Network signifies a major step in integrating decentralized finance (DeFi) with traditional payment systems, offering users the ability to earn yield and spend globally.
Recent industry reports indicate that the rise of non-custodial DeFi-native credit and debit cards is a significant trend. These cards allow users to borrow against crypto collateral for real-world spending, which aligns with Solid’s initiative to combine DeFi yield generation with Visa-powered spending.
A recent expert analysis highlights that the convergence of DeFi and traditional finance is imminent, creating a hybrid financial ecosystem. This supports Solid’s efforts to bridge the gap between Web3 finance and real-world use, reinforcing the significance of their new Visa card offering.
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