DCS, Visa Launch Hybrid Fiat/Crypto Card in Singapore
By: blockhead co|2025/05/16 13:45:04
0
Share
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
You may also like

What are the common traits of people who founded a $5 Billion+ company before the age of 23?
Trauma, Neurodiversity, Cross-Domain Skills. These characteristics, which may appear as "flaws" on a traditional resume, could instead be the most important signals

Why Hasn't $160 Billion Stripe Gone Public?
The Rise of Private Placements, with Companies like Stripe Rewriting Fundraising Logic.

All the AI News You Need to Know is Here, Lyrical Officially Launches AI News Feed
Users can access key information in real time without switching pages

Bitwise: Why Bitcoin Is Destined to Impact a Million Dollars?
When people talk about Bitcoin, they often overlook one key thing.

Amid Geopolitical Turmoil, Tokenized Gold Emerges Alongside Round-the-Clock On-Chain Markets
When the stock market is closed, the on-chain becomes the sole trading and pricing outlet.

Who Longs War on Polymarket?
The Rug Pull War rages on, with the potential to earn up to 4x gains on your bet

Hong Kong Crypto Ecosystem 2.0: Stablecoins, RWA, and the New Battleground for Financial Institutions
Hong Kong is no longer just a bystander in the cryptocurrency industry, but may become the core hub of the compliant cryptocurrency market in the Chinese-speaking world and even the entire Asia-Pacific region.

Polymarket Arbitrage Bible: The Real Gap is in the Mathematical Infrastructure
While retail investors are still engaged in simple probability addition, top quantitative teams are systematically harvesting millions of dollars in arbitrage profits on Polymarket using hardcore mathematical infrastructure such as integer programming and Bregman projections.

Crypto Barbarians Jupiter Series: Still Owes the Market an Answer
This entrepreneurial team from Singapore and Malaysia has indeed demonstrated its product execution capabilities to the market over the past three years, but they have also fully arbitraged every regulatory gray area with their business logic.

Bank Card Payment vs. Stablecoin Payment: Which is More Suitable for AI Agents?
Using bank cards to serve humanity and relying on stablecoins for high-frequency micro-trading with machines: Setting aside camp biases, a mixed payment architecture is the ultimate goal of AI entities in business.

Zuck is really out of touch! He actually acquired a dated Lobster-based social platform?
The asset pool Meta can now touch is not on the same level as it was in 2012

Key Market Information Discrepancy on March 11th - A Must-See! | Alpha Morning Report
1. Top News: Iran Reportedly Plants Mines in the Strait of Hormuz, Trump Warns of "Unprecedented" Military Strike
2. Token Unlock: $IO

How to Deal with Trump? Accept this "Art of the Deal Playbook"
The U.S. macro research firm The Kobeissi Letter deconstructs its "10-Step Conflict Pattern": Verbal Pressure, Friday Night Raid, Market Triple Bottom Exploration, Conditional Downgrade... concluding with a single "trade" paper.

AI Computing Power Arms Race Intensifies: This Startup Aims to Mine Bitcoin in Space
The next battleground for AI computing power is extending into space, gradually becoming a new frontier in commercial storytelling.

Claude Code launches the /btw feature, Musk X Money set to launch soon, what's the English community talking about today?
What have foreigners been most interested in over the past 24 hours?

Polymarket Arbitrage Bible: The Real Edge is in the Math Infrastructure
Predictive Market-Making Quantitative Arbitrage Logic.

What Is OpenClaw? How The AI Agent Could Automate Crypto Trading Through APIs
OpenClaw is a rapidly growing AI agent on GitHub that can automate tasks and even execute crypto trades through exchange APIs. Learn how OpenClaw works, how it connects to exchanges, and the risks traders should understand before using AI trading agents.

Morning News | Tencent is building an AI intelligent entity for WeChat; Meta announces acquisition of Moltbook; Nvidia plans to launch the AI agent open-source platform NemoClaw
Overview of Important Market Events on March 10
What are the common traits of people who founded a $5 Billion+ company before the age of 23?
Trauma, Neurodiversity, Cross-Domain Skills. These characteristics, which may appear as "flaws" on a traditional resume, could instead be the most important signals
Why Hasn't $160 Billion Stripe Gone Public?
The Rise of Private Placements, with Companies like Stripe Rewriting Fundraising Logic.
All the AI News You Need to Know is Here, Lyrical Officially Launches AI News Feed
Users can access key information in real time without switching pages
Bitwise: Why Bitcoin Is Destined to Impact a Million Dollars?
When people talk about Bitcoin, they often overlook one key thing.
Amid Geopolitical Turmoil, Tokenized Gold Emerges Alongside Round-the-Clock On-Chain Markets
When the stock market is closed, the on-chain becomes the sole trading and pricing outlet.
Who Longs War on Polymarket?
The Rug Pull War rages on, with the potential to earn up to 4x gains on your bet