DECARDS provides a platform that allows users to convert cryptocurrency into prepaid Visa cards without the need for KYC verification, facilitating instant access to funds for everyday purchases. The service automatically converts crypto to US dollars, enabling seamless transactions at U.S.-based merchants while maintaining user privacy.
Funding
Funding not disclosed
Founders
Product
Problem
Many cryptocurrency holders face challenges in using their digital assets for everyday purchases due to limited acceptance and the need for Know Your Customer (KYC) verification processes. Converting crypto to fiat currency and accessing those funds instantly for transactions at traditional merchants remains a hurdle.
Solution
DECARDS offers a solution by enabling users to convert cryptocurrency into prepaid Visa cards without requiring KYC for transactions below specified legal limits. The platform provides a widget that can be integrated into existing applications, allowing users to purchase virtual prepaid cards directly using their cryptocurrency. The service automatically converts cryptocurrency to US dollars, facilitating seamless transactions at U.S.-based merchants. These cards can also be linked to Apple Pay, providing users with instant access to funds for everyday purchases.
Target Audience
The primary target audience includes cryptocurrency users seeking a convenient way to spend their digital assets at traditional merchants, as well as crypto platforms looking to increase user engagement and provide added value.
Features
- Off-ramp widget for integration into existing crypto applications
- Instant issuance of virtual prepaid Visa cards
- Automatic conversion of cryptocurrency to US dollars
- No KYC required for cards with a maximum face value below $1,000 (subject to legal limits)
- Cards are non-reloadable and accepted by U.S.-based merchants only
- Compatibility with Apple Pay