SafePal card: Opening up a seamless connection between cryptocurrency and daily consumption.
A revolutionary bank card solution launched by Binance's Web3 wallet brand, chosen by over 20 million users worldwide.
In the digital economy era, having a tool that can manage crypto assets and seamlessly connect to traditional finance becomes increasingly important. The SafePal card, an innovative product launched by Binance's top Web3 wallet brand, perfectly addresses this need.
This debit card launched in collaboration with the Swiss compliant bank Fiat24 not only supports multi-currency consumption but also allows direct binding to Alipay and WeChat, enabling users to easily use cryptocurrency for daily consumption in mainland China.
What is the SafePal card?
SafePal was established in 2018 and is a Web3 wallet brand incubated by Binance, also receiving investment from Animoca Brands and Temasek's Web3 fund Superscrypt.
As a pioneer of the new generation of non-custodial crypto wallets, SafePal provides a full ecological solution of hardware wallets, software wallets, and browser plugin wallets. In 2023, SafePal strategically invested in the Swiss compliant bank Fiat24 and will launch a service integrating bank account opening and MasterCard in early 2024.
This is not an ordinary prepaid card, but a genuine combination of a Swiss bank account and MasterCard. Each user will receive a Swiss offshore bank account (with an independent IBAN) and a MasterCard that supports multi-currency consumption after successfully applying through SafePal.
Core functions and advantages.
1. Seamlessly connect the crypto world with traditional finance.
The SafePal card supports direct top-ups using the stablecoin USDC (Arbitrum) and can be linked to Alipay and WeChat for online and offline consumption in mainland China. This means you can:
· Online consumption: Shop on mainstream e-commerce platforms such as Taobao, Meituan, JD.com, and Pinduoduo.
· Offline payment: Complete payment by scanning the merchant's QR code or personal QR code.
· International services: Pay for international services such as Twitter Blue V certification, ChatGPT membership, Apple Store, etc.
2. Multi-currency account support.
The SafePal card supports four currency accounts: US dollars (USD), Chinese yuan (RMB), euros (EUR), and Swiss francs (CHF). Users can choose the corresponding currency account based on the consumption scenario to avoid exchange fees effectively.
3. Compliance and security assurance.
· Fiat24 is a licensed and compliant bank regulated by the Swiss Financial Market Supervisory Authority (FINMA).
· SafePal has a record of 7 years without any security incidents, and the wallet code is fully open-source and audited by professional organizations.
· Uses NFTs to represent bank account ownership, allowing users to manage accounts through wallet addresses instead of mobile phones or emails, reducing barriers to use and protecting privacy.
4. Highly competitive fee structure.
Compared to other crypto cards, the SafePal card has significant advantages in terms of fees:
Fee type SafePal card Traditional crypto card.
Account opening fee Free $5-$20.
Annual fee None Some charged.
Foreign exchange handling fee 0-1% 0-5%.
ATM withdrawal fee 2-3% 1.5-5%.
Cryptocurrency conversion fee 0.5-1.5% 0.5-2%.
Data source.
Currently in the promotional period, the recharge rate is only 0.6%-1%, and a low fee policy will also be maintained in the future.
How to use the SafePal card.
Application process.
1. Download the SafePal app: Download the SafePal App (version 4.8.3 or above) from official channels.
2. Complete KYC verification: Submit identification documents (Android phones support ID cards, while Apple phones are recommended to use passports).
3. Apply for a bank card: Select the MasterCard service in the app, and you can choose a virtual card (immediate use) or a physical card (requires mailing).
4. Recharge assets: Transfer supported cryptocurrencies (such as USDC) to the SafePal wallet.
5. Set payment currency: Choose the default cryptocurrency for consumption, and the system will automatically convert it to the local fiat currency during transactions.
Usage restrictions.
It should be noted that payment platforms have some usage restrictions on international cards:
In addition, transactions over 200 yuan may incur a 3% handling fee (handling fees for WeChat and Alipay are subsidized for amounts within 200 yuan).
Who is particularly suitable for using the SafePal card?
1. People who frequently travel internationally and need multi-currency payment.
2. Holders who wish to use cryptocurrency for daily consumption.
3. Users with a security awareness who need to separate transaction assets and consumption assets.
4. Residents in areas with insufficient traditional banking services.
5. Users who need to purchase international services (such as Twitter Blue V, ChatGPT membership, etc.) but cannot use Chinese bank cards.
The essential difference from traditional U cards.
Most U cards on the market are essentially prepaid cards or point cards, where users transfer stablecoins to the platform, and the platform allocates a consumption limit. This centralized model has potential risks of fund misappropriation or platform collapse.
The SafePal card is completely different:
· A real bank account: Each user has an independent Swiss IBAN account, just like a traditional European bank account.
· Funds are safer: Regulated by Swiss FINMA, with higher fund security and operational transparency.
· More comprehensive functions: Not only can it be used for consumption, but also for bank remittances, currency exchange, and other operations.
Summary.
The SafePal card is a revolutionary product that connects the world of cryptocurrency with traditional finance, addressing the pain points of daily consumption for crypto asset holders, providing users with compliant, secure, and convenient channels for the free entry and exit of fiat and cryptocurrency.
By entering my exclusive invitation code: 286927 during application, you can get a hardware wallet worth $69.99 for free.
