The Visa-approved program will be available to both new and existing users residing in the European Economic Area (EEA) from Q2 in 2023. They will be able to select and spend from a range of different digital assets linked to their card at the point of sale, via their Huobi trading account.
This card functionality will remove friction from the user experience, saving time for Huobi users when it comes to on/off ramp fiat and digital assets between accounts and cards. Huobi VISA card holders who pay with Huobi’s platform token Huobi Token (HT) will be rewarded with cashback benefits in accordance with their card levels. Solaris will be providing full end-to-end processing and issuing capabilities for the program, including Visa BIN sponsorship.
Justin Sun, a member of the Huobi Global Advisory Board, said: “Huobi highly values our user experience and continuously works to drive improvement for users. This partnership will help us deliver a better experience to our users.”
The Huobi-branded Visa debit cards will offer users a range of loyalty benefits and are powered by Solaris’s Buffer card issuing and secondary authorisation technology. Buffer enables cardholders to make payments via a primary fiat account by connecting to a wallet of value (e.g. digital asset) held in a secondary account to deliver a frictionless payment experience. In the future, the card will be deeply binded with Huobi’s platform token Huobi Token (HT) to offer more benefits to card holders.
Andrea Ramoino, Chief Strategy Officer at Solaris said: “We are excited to be partnering with a market-leading virtual asset exchange to deliver frictionless crypto- to-fiat point-of-sale spending to the Huobi community, through our market-leading Buffer technology. This is just the first step in our partnership as we look ahead to delivering more payment options to users in the EEA region and beyond.”
Hashtag: #Huobi
The issuer is solely responsible for the content of this announcement.
About Huobi
Founded in 2013, Huobi is one of the largest virtual asset exchanges in the world. Huobi serves millions of users across international markets. Since its establishment, Huobi has committed to providing first class virtual asset investment services. Huobi’s robust infrastructure, product innovation and capital strength provides a truly customer-centric and secure trading environment to help our international users to achieve their investment objectives. Please refer to Huobi’s official website for more information: 
www.huobi.com
About Solaris
Solaris, provides award-winning B2B, banking and payment solutions. One of the FT1000: Europe’s Fastest Growing Companies in 2018, 2019 and 2020. Solaris has offices in the UK, Lithuania and India – and recently completed a merger with Berlin- based Solaris to become Europe’s undisputed leader in Banking-as-a-Service. Solaris benefits from a full license suite, including FCA and Bank of Lithuania e- Money Licenses which cover the EEA, and a full UK consumer credit license. Solaris is a Principal Visa and Mastercard member with full sponsorship and processing capability.
Services
STAKEHOLDER ENGAGEMENT
Stakeholder mapping, analysis, engagement and communication needs to be detailed to avoid business losses or even worse, a crisis. How can you do this effectively to prevent failure? ...
BUSINESS INTELLIGENCE
Data-driven business decisions have never been as crucial, especially in this era. MGBF leverages off, technology, experience and market presence to aid businesses in making accurate decisions. ...
GOVERNMENT RELATIONS
MGBF provides comprehensive strategic advice and results-focused solutions to solve clients' problems in business-government relations so they can focus on their core business. ...
BUSINESS & BROADER MARKET ACCESS
A critical business challenge is meeting the right decision-makers and potential buyers through the best channel and platform. How will you improve your business competency? ...
Upcoming Events
NETWORKING: LEADING UP TO THE “ASEAN’S FOOD SECURITY NEXUS 2023”
A series of networking sessions with various business associations and trade organisations exploring high-value opportunities for business leaders and entrepreneurs looking to build the relationships that matter.
ASEAN’S FOOD SECURITY NEXUS 2023
This integrated event will include a forum, dedicated business matching, site visits, a gala dinner and golf. The focus will be on regional food security issues and trends in the context of the supply chain, agriculture technology and trade regulations and policies.
INDUSTRY DIALOGUE: THE TWO-WHEELER MARKET – MOBILITY, ESG AND THE ASEAN SUPPLY CHAIN
The ASEAN two-wheeler market represents more than 25 per cent of the global market and growing exponentially. What are the business opportunities for Malaysia especially in the context of mobility, ESG and supply chain?
NETWORKING: BUILDING A RESILIENT FUTURE FOR CRITICAL INDUSTRIES
MGBF is hosting a networking session focusing on building a resilient future for critical industries as part of the networking series leading up to ASEAN's Food Security Nexus 2023.
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