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

China's AI Compute Power Counterstrike
The cost itself is the progress.

Global Assets Plunge: Hormuz, Chips, and a South Korean Holiday
The Dollar Wins, Everyone Else Loses

Bloomberg has reported twice, Hyperliquid once again in Wall Street's radar
Weekend Front-Running

Trump Backs Crypto Bill, SEC Halts Leveraged ETF, What Is the English-Speaking Crypto Community Talking About?
What Was Hot in the Last 24 Hours Among Expats?

OpenClaw Floods Into Polymarket, Some Making Tens of Thousands Per Month
Are you ready to venture into Polymarket and dive into the shrimp farming craze?

Understanding Trump's "Warfare Playbook": Ten Signals Investors Must Know
Debriefing Trump's series of conflicts over the past year, this article outlines ten stages of Trump's conflict strategy, revealing the underlying logic between war, market fluctuations, and eventual negotiation.

Iranian Missile Heading Toward UAE, Claude Also Within Range
On March 1st, an Iranian missile struck an Amazon data center in the UAE. On the same day, Claude experienced a worldwide outage.

Successive Core Team "Heroes" Depart, Has Aave's DAO Dream Crumbled?
「This is not a matter of right or wrong, but rather a situation where existing governance mechanisms have not provided an effective resolution when interests and positions are misaligned.」

Is This the Year of the Robot? A Deep Dive into Robotics Projects
What are some noteworthy projects in the Robotic Race track?

When AI Takes Over Money: Bitcoin Becomes the "First Choice," Fiat Is Left Out
AI's view on "what makes a good currency" is already quite consistent.
AI Trading in Live Markets: 4 Lessons From a WEEX Hackathon Top 10 Finalist
AI trading meets real markets. Explore 4 lessons from a WEEX Hackathon Top 10 finalist on surviving volatility, trusting AI models, and building smarter crypto trading systems.

MegaETH Co-founder: 48 Hours After Leaving Dubai, I Reassessed the Entire Crypto Space
In an era of technological upheaval, rather than pursuing the "legitimacy" co-opted by power, it is better to sharpen the blade and build parallel systems that truly expand individual sovereignty.

Web3 Winter Mass Exodus: Resignations, Closures, Transformations, and Acquisitions
The intense collision between technology and capital, products and markets, vision and reality, each story reflects the confusion and unwillingness of the market participants.

Key Market Information Discrepancy on March 4th — A Must-Read! | Alpha Morning Report
1. Top News: Strait of Hormuz Emerges as Flashpoint in US-Iran Standoff, US Stocks Trim Losses, Asia-Pacific Markets Open Sharply Lower, Cryptocurrencies See Slight Recovery
2. Token Unlock: None

During the weekend market closure, Hyperliquid more accurately predicted the Gold reopening price than Binance
When markets are closed and real-time pricing is needed due to geopolitical risks, Hyperliquid takes the lead and is closer to the eventual futures reopening price.

OpenClaw thrusts crypto project Venice.ai into the spotlight as its token VVV surges over 500% in a single month
Openclaw Founder Advises Young People "Not to Waste Time on Cryptocurrency," Yet in its official documentation, it lists the cryptocurrency project Venice.ai as a recommended model provider.

Different Rulings in Similar Cases: Why can Uniswap go free while Tornado Cash cannot?
Time and tide wait for no man.

In the next 5 years, Vitalik will expand Ethereum in this way
Short-term and long-term, execution, data and status
China's AI Compute Power Counterstrike
The cost itself is the progress.
Global Assets Plunge: Hormuz, Chips, and a South Korean Holiday
The Dollar Wins, Everyone Else Loses
Bloomberg has reported twice, Hyperliquid once again in Wall Street's radar
Weekend Front-Running
Trump Backs Crypto Bill, SEC Halts Leveraged ETF, What Is the English-Speaking Crypto Community Talking About?
What Was Hot in the Last 24 Hours Among Expats?
OpenClaw Floods Into Polymarket, Some Making Tens of Thousands Per Month
Are you ready to venture into Polymarket and dive into the shrimp farming craze?
Understanding Trump's "Warfare Playbook": Ten Signals Investors Must Know
Debriefing Trump's series of conflicts over the past year, this article outlines ten stages of Trump's conflict strategy, revealing the underlying logic between war, market fluctuations, and eventual negotiation.