In the world of cryptocurrency, asset security and daily spending are often difficult to reconcile. The Veera Card launched by @On_Veera offers a more balanced solution, allowing users to maintain complete control over their assets while also enabling global transactions like a regular bank card.
The core mechanisms of the Veera Card are:
1. Deposit assets such as ETH, BTC, USDT into Veera's on-chain trustless vault, with the private key always held by you, preventing the platform from misappropriating or freezing your assets. Assets are not sold but are used as collateral to generate corresponding spending limits while continuing to earn yields in DeFi protocols.
2. Transactions are processed directly through the Visa network, supporting offline POS, online payments, and Apple Pay / Google Pay, with no additional foreign exchange fees for cross-border transactions. Each transaction also offers up to 6% cashback in cryptocurrency.
On the technical side, the Veera Card adopts relatively mature solutions:
1. Layer 2 scaling: Based on Optimism/Arbitrum, providing fast transactions at low costs.
2. Privacy protection: Zero-knowledge proof technology to protect asset detail privacy.
3. Intelligent risk control: AI-driven security monitoring to prevent potential risks.
For most users, the greatest significance of the Veera Card lies in eliminating the need to repeatedly buy and sell cryptocurrency for daily expenses, avoiding high fees or risks associated with centralized platforms, and not having to lock assets completely in a wallet. The Veera Card provides a compromise, balancing security and convenience, transforming cryptocurrency from something users only dare to observe into a truly circulating daily currency.
Overall, @On_Veera's practice shows that blockchain technology is gradually moving from theoretical concepts to practical applications, especially demonstrating its unique value in daily payment scenarios. Through technological means, it balances asset autonomy with payment convenience, providing users with more diverse options and exploring new directions for the practical development of cryptocurrencies.
