Solayer has launched the Emerald Card, a crypto rewards Visa debit card. It integrates SolanaID for an efficient user identity system and will be available in over 100 countries. Users can earn crypto rewards, airdrops, and staking benefits through the card. Initial access is granted via a community sale, competing in a market with other crypto debit cards.
Solayer has announced the launch of its crypto rewards Visa debit card, named the Emerald Card, uniquely designed for cryptocurrency users. This card will utilise the Solayer Infini Solana Virtual Machine (SVM) on its Layer 1 blockchain, ensuring robust functionalities.
Available in over 100 countries including the United States, the Emerald Card will support both Apple Pay and Android Pay. This integration aims to facilitate seamless transactions for cardholders.
A rewards programme linked to the card will be introduced shortly. This programme will enable users to earn cryptocurrencies, receive airdrops, and access staking opportunities, making it an attractive option for crypto enthusiasts.
The Emerald Card will incorporate SolanaID, developed by Bulgarian company Digitalsocial, to authenticate users. This system allows users to consolidate multiple wallets into a single identity, which can be leveraged for personalised rewards, discounts, and tailored access based on individual trading profiles.
According to Ben Showard, the Head of Growth at SolanaID, the Emerald Card represents a significant advancement in integrating off-chain spending with on-chain reputations. It aims to enhance the user’s digital identity while allowing access to real-world spending capabilities.
Initially, the Emerald Card will be available to 40,000 users through a community sale, with additional registration opportunities anticipated in the future. While it joins the growing market of crypto debit cards, it will face competition from established names such as the Solana SolCard, Gnosis Pay, and offerings from Avalanche and MetaMask.
