Crypto hardware wallet provider SafePal on Thursday announced a strategic investment in Swiss bank Fiat24, opening a banking gateway for users to pay for expenses with digital assets and transfer funds to other compliant banks. CoinDesk learned in a release that the firms launched a crypto-focused Visa card and in-app banking services with the dollar-pegged stable coin USD Coin (USDC) as the default deposit currency. Users can swap their coin holdings into USDC via Arbitrum. Users can set up individually owned, fully compliant bank accounts after completing the KYC and onboarding process by Fiat24 in the SafePal mobile wallet app without any account creation or management fees.
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