How it works

CRE8 would partner with a payment processor or fintech (for example, companies like Stripe, Visa’s crypto program, or a specialized crypto card issuer) to issue co-branded debit cards to its users.
Users could opt to receive a CRE8 Card once they meet certain criteria ( KYC-verified, maybe a staking requirement of $CRE8 tokens to show commitment, etc., depending on how they manage issuance).
The card would be linked to the user’s crypto balance – possibly a particular asset or a combination. Often, crypto cards allow one to select which cryptocurrency to draw from. In CRE8’s case, they might default to spending stablecoins (like USDC) or $CRE8 token. If $CRE8 is volatile, users might prefer spending stablecoins or only converting $CRE8 at point of sale.
When a user swipes the card or makes an online payment, an instant conversion occurs: crypto from the user’s account is sold (likely via a liquidity provider or exchange integration) and converted to fiat to settle the transaction with the merchant. For instance, if you have 100 USDC in your CRE8 wallet and you pay a $20 grocery bill with the card, 20 USDC would be deducted and the merchant gets $20 in fiat through the Visa/Mastercard network.
The key benefit: immediate liquidity of earnings. A freelancer who earned $500 on CRE8 can directly spend it to pay bills or buy goods, without first manually withdrawing to a bank (which can take time and fees).

Last updated 3 days ago

CRE8 would partner with a payment processor or fintech (for example, companies like Stripe, Visa’s crypto program, or a specialized crypto card issuer) to issue co-branded debit cards to its users.
Users could opt to receive a CRE8 Card once they meet certain criteria ( KYC-verified, maybe a staking requirement of $CRE8 tokens to show commitment, etc., depending on how they manage issuance).
The card would be linked to the user’s crypto balance – possibly a particular asset or a combination. Often, crypto cards allow one to select which cryptocurrency to draw from. In CRE8’s case, they might default to spending stablecoins (like USDC) or $CRE8 token. If $CRE8 is volatile, users might prefer spending stablecoins or only converting $CRE8 at point of sale.
When a user swipes the card or makes an online payment, an instant conversion occurs: crypto from the user’s account is sold (likely via a liquidity provider or exchange integration) and converted to fiat to settle the transaction with the merchant. For instance, if you have 100 USDC in your CRE8 wallet and you pay a $20 grocery bill with the card, 20 USDC would be deducted and the merchant gets $20 in fiat through the Visa/Mastercard network.
The key benefit: immediate liquidity of earnings. A freelancer who earned $500 on CRE8 can directly spend it to pay bills or buy goods, without first manually withdrawing to a bank (which can take time and fees).

Last updated 3 days ago