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Kazakhstan “Going Big”: Instant Crypto to Fiat Card!

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The National Bank of Kazakhstan (NBK) just launched a crypto card project on June 3, 2025, allowing users to spend cryptocurrencies like Bitcoin anywhere card payments are accepted, with instant conversion to tenge (Kazakhstan fiat currency)!

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This is a pioneering move, positioning Kazakhstan as a regional digital financial hub.

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How does the Crypto Card work?

Linked crypto wallet: The card connects to wallets on licensed exchanges at the Astana International Financial Center (AIFC), such as Binance.

Instant conversion: Crypto is sold on the AIFC market at the time of transaction, converting to tenge for cashless payments or withdrawals.

Participating banks: 5 major banks (Halyk, Forte, Freedom, RBK, Altyn) have joined the trial since June 5.

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Impact on the market?

Increased liquidity: Users can easily spend crypto, promoting the circulation of digital assets.

Innovative model: Connecting traditional banking and blockchain, reducing price volatility risk for sellers.

Bigger plans: NBK is advancing tenge stablecoin, tokenizing real estate and securities, aiming for a comprehensive digital financial ecosystem.

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What do you think? Is Kazakhstan leading the crypto wave? Comment now!

#KazakhstanCrypto #CryptoCard #Bitcoin #ToTheMoon

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