Quantoz Payments became a VISA principal member after a new partnership. The agreement will expand the ability of Quantoz to issue crypto-funded cards.
Quantoz Payments will receive the status of a BIN-sponsor for VISA card issuance. The platform is now a direct VISA principal member and will be able to issue cards on behalf of third-party fintechs and platforms.
Through the mediation of Quantoz, those fintechs will be able to offer cards to spend crypto tokens or stablecoins wherever VISA is accepted. As Cryptopolitan reported, crypto card usage expanded in the past year as the most intuitive way to spend crypto, with many companies seeking to launch reliable card access.
Quantoz to support virtual VISA cards
Quantoz will support the issuance of virtual VISA cards, which can be accepted online, in-store and through mobile wallets. Customers can hold Quantoz balances, which will be represented as a spendable balance on the card.
With this infrastructure, other fintech startups will be able to launch their own payment solutions using the Quantoz and Visa white-label cards.
“Becoming a Visa principal member is a major milestone for Quantoz. It allows us to make regulated digital money truly usable in day-to-day payments, while removing the complexity for fintechs and platforms,” said Arnoud Star Busmann, CEO of Quantoz Payments.
The executive continued: “By handling the regulatory, operational and technical heavy lifting, we enable our partners to launch branded card products that connect compliant digital money with one of the world’s most widely accepted payment networks.”
VISA and Quantoz to focus on the EU market
VISA has emerged as one of the innovative platforms, supporting the value of digital assets and an easier payment experience.
“Partnerships like this help fintechs and platforms explore how regulated digital money can integrate with established card infrastructure, while maintaining strong standards for security and compliance,” said Jos van de Kerkhof, Visa Country Manager for the Netherlands.
The payment systems will focus on the European market, which has grown its adoption of both tokenized US dollars and euros. The Quantoz infrastructure can be added directly to app products, with flexible branding and fee models.
Quantoz is researching new pathways for digital payments, offering both consumer and B2B solutions. The company is among the oldest fintechs to offer a crossover between crypto and traditional payments. Quantoz Payments has been operational since 2021, after issuing USDQ, its native dollar-based token. The company also carries EURQ and EURD, fully regulated for the Euro economic area.
The company holds an Electronic Money Institution (EMI) license from the Dutch Central Bank and can legally issue electronic tokens for the Euro Area. The tokens are MiCAR-compliant and are backed by fiat and liquid financial instruments.
Source: https://www.cryptopolitan.com/quantoz-payments-becomes-visa-member/
