Railsbank powers Visa debit card

Friday 14 August 2020 12:07 CET | News

Railsbank, the global open banking platform, has announced that its customer Chiliz, the blockchain fintech provider for sports and creators of the fan voting and rewards app, has launched the Visa Debit Card.

The card, which is powered by Railsbank’s platform, will be available to all users on empowers users to ‘Be More Than A Fan’, allowing them to vote in club polls and earn rewards through digital assets known as Fan Tokens. Partners include FC Barcelona, Juventus, Paris Saint-Germain, Atlético de Madrid, AS Roma, Galatasaray, CA Independiente, UFC and esports team OG. As many as 50 more sporting organisations are primed to join the platform before the end of 2020 - starting with four new clubs on August 25th. 

The Visa debit card will allow users to make deposits into their EUR or GBP wallet on, topping up their balance and making payments for goods and services as with any traditional payments card. The card includes an IBAN and will initially be available in the EEA, before expanding over time to additional markets. Visa Debit Card owners will also receive a unique global ID number linked to their KYC verified ID, that will allow fans to redeem club and sponsor related rewards and discounts. The ID will be visible within the app.

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Keywords: Railsbank,, Visa, debit card, payments , reward, Chiliz
Categories: Banking & Fintech
Countries: World
This article is part of category

Banking & Fintech