• Voyager Digital Introduces the USDC-Linked Debit Card

  • Voyager Digital, a cryptocurrency platform, announced Tuesday the launch of a USDC-linked debit card that will pay up to 9% in annual rewards to its customers.

    Voyager says that additional features for its debit card will include no annual fees and asset lock-up to earn rewards, with users able to access their assets through ATMs.

    The card will offer annual rewards of up to 9% on all USDC holdings of $100 or more, which will be paid out monthly to cardholders. According to the company, USDC holders will receive this percentage back in crypto (additional USDC) in their Voyager accounts annually based on their average monthly balances.

    Members of a Voyager Loyalty program can earn up to 10.5 percent additional rewards on USDC, depending on their level of membership.

    The card’s association with USDC is a more consumer-driven, transactional approach than bitcoin or ether, according to CEO Steve Ehrlich in an interview. Attaching a debit card to bitcoin or ether “seems to be a little bit off of what consumers want,” Ehrlich said, adding that many consumers prefer to hold cryptocurrency rather than trade it.

    “We like to portray ourselves as crypto for all,” Ehrlich said.

    Ehrlich stated that Voyager will eventually launch a comparable product in Europe. Coinify, a payment company, was purchased by the company in August. Given its customer base in the United States, Voyager Digital’s immediate focus is on launching the USDC card in the United States.

    Metropolitan Commercial Bank will be the card’s issuing bank, with Usio serving as program manager and processor.

    Voyager claims to have recently surpassed 1 million funded accounts and 2.7 million registered users.

    What's your reaction?
    Happy0
    Lol0
    Wow0
    Wtf0
    Sad0
    Angry0
    Rip0