Chinese payment company UnionPay has entered a partnership with Korean payment company Danal to launch a virtual prepaid card that supports cryptocurrency. As noted in a by South China Morning Post, the new virtual card will be accessible through Danal’s crypto wallet PayCoin and its token PayCoin.
According to the report, the prepaid card will be available by the end of 2020. Upon successful launch of the card, users will be able to pay UnionPay’s 30 million merchants in 179 countries and regions using the virtual prepaid card.
Speaking to South China Morning Post, a UnionPay representative revealed that the cardholders could top up the digital coin or fiat currency.
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