DCS, Visa Launch Hybrid Fiat/Crypto Card in Singapore

By: blockhead co|2025/05/16 13:45:04

DCS Card Centre, a financial institution with a history in cashless payments, and Visa have collaborated to introduce the DeCard Visa card, a new regulated micro credit card that merges traditional finance with digital assets, launched on Thursday and available on the Apple Store and Google Play.DCS said that the card is designed to give users greater control over their spending, aligning with a "spend-what-you-have" model. This approach aims to provide an alternative to traditional credit cards, by enabling users to access the value of their existing assets.The DeCard Visa card allows users to fund their accounts with Singapore dollars (SGD) and also provides the option to utilize digital assets like USDT and USDC. This convergence is facilitated through partnerships with Monetary Authority of Singapore (MAS)-licensed Digital Payment Token (DPT) service providers, which handle the conversion of these digital assets into fiat currency. The DCS DeCard App is now available on both the Apple Store and Google Play! Ready to experience seamless digital asset spending? Download the DCS DeCard app now and unlock: Easy conversion of USDT/USDC to SGD Competitive conversion rates and high spending limits...— DeCard (@TheDeCard) May 13, 2025Other benefits include competitive single conversion costs from digital assets to SGD, eliminating additional FX fees for local spending, and potential savings of over 50% on FX transaction fees compared to typical industry rates. The card also has no annual fees, and ATM withdrawal fees are capped at SGD5 or 1% (whichever is lower). Cardholders can make cash withdrawals at ATMs worldwide, except in Singapore, and have the flexibility to fund their card via SGD transfers or select digital assets through licensed partners, with high flexible spending and top-up limits.The company cited growing adoption of digital assets in Sngapore, with ownership rising to 26% of residents in 2024 (from 24.4% the previous year). Notably, over half of these owners have used digital assets for payments, and 67% plan to increase their usage, it said, citing a study by Singapore-based crypto payment firm Triple-A. Concurrently, contactless credit, debit, and prepaid cards remain a preferred payment method in Singapore (34%), and the prepaid segment is projected to exceed US$13 billion by 2028. This reflects a consumer trend towards accessible and controlled spending solutions, DCS said.“By enabling top-ups through fiat or digital assets, we’re allowing both mainstream and Web3-savvy users to manage their money on their own terms — all within Singapore’s trusted regulatory framework. Our partnership with Visa strengthens this commitment by combining global acceptance with secure, compliant innovation,” Elsa Qiu, Chief Commercial Officer at DCS Card Centre, said.Stay ahead of the curve. Join the Blockhead community on Telegram @blockheadco

AI has become critical infrastructure, and governments and corporations are competing to control it. Centralized development and regulation are entrenching existing power structures. The Web3 community is building a decentralized alternative — distributed compute, token incentives, and community governance — before that window closes.

Vitalik wrote a proposal teaching you how to secretly use AI large models

Vitalik believes that in the AI era, users should not have to give up their identity to use an AI tool.

On the eve of the explosion of on-chain options

Options are becoming a new anchor in the cryptocurrency market.

WEEX AI Hackathon: How Did This AI Trading Winner Succeed?

A self-taught AI trading enthusiast achieved top-10 results at the WEEX AI Hackathon. Learn about the mindset, AI tools, and lessons behind this impressive performance.

One Balance to Rule Them All: Gravitas' On-Chain Prime Broker Ambition

Forty years ago, a technological revolution broke the isolation of information, reshaping Wall Street. Forty years later, Grvt aims to break the isolation of capital with an on-chain prime brokerage model.

That person who cashed out at the NFT peak is now selling a new shovel in the OpenClaw craze

A skilled person never picks the table, they eat meat with every bite.

Inter-generational Prisoner's Dilemma Resolution: The Nomadic Capital and Bitcoin's Inevitable Path

When the Baby Boomer generation collectively sells off, who will be the "bag holder" in the next asset crash?

Upstream and downstream are starting to fight, all for the sake of everyone being able to "Lobster"

「Lobster」 may not be a mature product yet, but it has already ushered in a new era of 「AI Assistants」.

Circle and Mastercard Announce Partnership, the Next Stage for the Crypto Industry Belongs to Payments

Stablecoins are transitioning from a speculative tool to real financial scenarios such as payments, cross-border transfers, and store of value.

From 5 Mao per kWh of Chinese electricity to a $45 API export: Tokens are rewriting currency units

When the same unit can both measure hashing power and facilitate payments, it ceases to be just a term and begins to evolve into a new currency of both value and influence.

Why is OpenAI playing catch-up to Claude Code instead?

Anthropic Bets Earlier on AI Programming, OpenAI Strategic Tempo Misaligned

Vitalik wrote a proposal teaching you how to secretly use AI large models

Vitalik believes that in the AI era, users should not have to sacrifice their identity to use an AI tool.