Quantoz Payments has become a VISA core member after a new partnership. The agreement will expand Quantoz’s ability to issue cards funded with cryptocurrencies.
Quantoz Payments acquires BIN sponsor status for VISA card issuers. The platform will now become a direct principal member of VISA and will be able to issue cards on behalf of third-party fintechs and platforms.
Through Quantoz’s intermediary, these fintech companies will be able to offer cards for spending crypto tokens and stablecoins anywhere VISA is accepted. As a cryptopolitan reportedthe use of crypto cards has expanded over the past year as many businesses look to start reliable card access as the most intuitive way to use cryptocurrencies.
Quantoz now supports virtual VISA cards
Quantoz supports the issuance of virtual VISA cards that are accepted online, in stores, and through mobile wallets. Customers can have a Quantoz balance, which will show up as an available balance on their card.
This infrastructure will enable other fintech startups to launch their own payment solutions using white label cards from Quantoz and Visa.
“Becoming a major member of Visa is a major milestone for Quantoz. This allows us to truly use regulated digital money for everyday payments while removing the complexity of fintechs and platforms,” said Arnoud Star Busmann, CEO of Quantoz Payments.
The executive continued: “By handling the regulatory, operational and technical heavy lifting, our partners will be able to launch branded card products that connect compliant digital money with one of the world’s most widely accepted payment networks.”
VISA and Quantoz focus on EU market
VISA has emerged as one of the innovative platforms supporting the value of digital assets and an easier payment experience.
“Such partnerships will help fintechs and platforms consider how regulated digital money can be integrated with established card infrastructure while maintaining strong standards of security and compliance. ” said Jos van de Kerkhof. Dutch visa country manager.
The payment system will focus on the European market, where there is growing adoption of both tokenized USD and EUR. Quantoz infrastructure can be added directly to your app products with flexible branding and pricing models.
Quantoz explores new channels for digital payments and offers both consumer and B2B solutions. The company is one of the oldest fintech companies offering crossover between cryptocurrencies and traditional payments. Quantoz Payments has been operating since 2021 after issuing its native dollar-based token, USDQ. The company also handles EURQ and EURD, which are fully regulated for the Euroeconomic Area.
The company has obtained an electronic money institution (EMI) license from the Dutch Central Bank, allowing it to legally issue electronic tokens for the euro area. The token is MiCAR compliant and backed by fiat currencies and liquid financial instruments.
