Many companies are starting to realize the opportunity that cryptocurrencies present and are looking to incorporate digital assets into their operations.
One of these corporations is VISA, the world's largest payment network has launched an exclusive VIP crypto credit card named 'bitcoin black' in the United Arab Emirates.
According to the press release, only 10.000 people globally have this card and it allows them to convert Bitcoin as well as other major cryptocurrencies into cash.
It is known that the card is secured with the owner's cryptocurrency and offers premium benefits such as Unlimited spending anywhere in the world, as well as up to 10% rewards in exclusive SPND tokens.
Commenting on this development, bitcoinblack CEO Prakash Chand explained:
“The people who are rich in crypto need a way to spend crypto easily. (…) Bitcoinblack is perfectly suited for high-net-worth individuals who want to use their cryptocurrency for business or pleasure anywhere in the world, including over 140 countries where Visa is accepted. "
A number of luxury watch makers are now allowing customers to purchase their products with cryptocurrencies, including high-end brands like Tag Heuer, Hublot , and Breitling.