Leading industry tandem specializing in blockchain-based fan tokens, Chiliz.net and Socios.com, are rolling out their Visa debit card.
In line with an official announcement published earlier on 14th Aug., the socios.com Visa debit card permits global fans to “be more than a fan” – earn fan tokens-powered financial rewards and club-related benefits from making purchases processed via the card.
The CEO at Chiliz and Socios, Alexandre Dreyfus, said that the new debit card is now being tested by a limited pool of users. Consistent with the officials, the Socios.com visa is expected to roll out for mainstream users in early Q3 2020.
As per the announcement, the Socios.com Visa debit card will be initially available within 26 countries within the European Economic Area. Alongside featuring rewards in fan tokens like FC Barcelona Fan Tokens [BAR], the card will support payments for goods and services almost like any traditional credit card. Users will be able to top up the balance and make payments with the British pound and Euro.
While the official announcement also added that the new card will be available to all users on Socios.com, Dreyfus emphasized that fans will require to obtain fan tokens to order the card. The min amount of tokens for ordering has not been disclosed yet by the company.