Crypto hardware wallet provider SafePal on Thursday announced a strategic investment in Swiss bank Fiat24 and the launch of an in-app banking gateway and virtual crypto Visa card. When a user creates a bank account in the SafePal mobile wallet, the credentials are minted as an NFT on the Ethereum-based network Arbitrum, ensuring that all related transactions are securely and transparently recorded on-chain. Additionally, crypto Visa cards are linked to third-party payment platforms such as Paypal, Google Pay, Apple Pay, and Samsung Pay. It is reported that the Visa card will be launched in parts of Europe first and then in other parts of the continent, while the in-app banking gateway will be launched outside the United States and in all non-U.S. sanctioned countries. (Coindesk)
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