Popular NFT brand Pudgy Penguins announced the global launch of its cryptocurrency debit card on Tuesday, powered by payments giant Visa Inc. (NYSE:V).
New Virtual Card For Everyday Spending
Pudgy Penguins said the Pengu card will let users spend stablecoins, such as USDC (CRYPTO: USDC) and Tether (CRYPTO: USDT), or cryptocurrencies, including PENGU, directly at over 150 million merchants, with up to 12% rewards and 7% yield on balances.
The card works with Apple Wallet or Google Wallet, allowing online payments and global ATM withdrawals.
The Pengu Card have three tiers: Standard, Black, and Gold, with Gold delivering the maximum reward at …