There are many jokes on Binance Square these days. Use U to buy groceries, coffee, and breakfast, and your mother will no longer worry about the withdrawal problem.
It seems like you can travel the world with a U card, but the important question is whether you can earn U first and then spend it in your life. There is a joke in the cryptocurrency circle: make money in the cryptocurrency circle, spend it in the cryptocurrency circle, and once you leave, you want to take it home.
So what exactly is the U card that everyone is talking about? Is it really that magical? Has it been popularized in daily life in China? Can one card link encrypted assets with real life?
What is Solayer's Emerald Card?
#Solayer 's Emerald Card is a cryptocurrency financial card based on the Visa network that allows users to directly use digital assets (such as USDC) for global consumption, perfectly bridging decentralized finance (DeFi) and traditional payment systems.
Solayer is a project in the Solana ecosystem dedicated to improving the performance of blockchain networks through hardware acceleration technology.
Solana itself is known for its high throughput and low latency.#Solayer无限硬件加速 , can process thousands of transactions per second, but with the surge in the number of users and application scenarios, scalability challenges still exist.
Through its unique "InfiniSVM" (hardware-accelerated Solana virtual machine) architecture, Solayer aims to achieve millions of TPS (transactions per second), bringing the processing power of blockchain networks to unprecedented heights.
Relying on its InfiniSVM technology, Solayer has built a high-performance blockchain infrastructure, claiming to be able to achieve millions of transactions per second (TPS), providing fast and secure on-chain transaction support for Emerald Card.
If you hold crypto assets, you don’t need to convert them into fiat currency. You can use the on-chain Visa debit card to consume on-chain income in real life.
The exchange of cryptocurrencies and fiat currencies avoids many processes and steps, reduces transaction fees at each link, and promotes the use of stablecoins in daily life.
As the number of cryptocurrency users increases in the future and the use scenarios of cryptocurrency in daily life increase, the use of stablecoins is likely to become a more important demand.
From the official introduction, the consumption scenarios of Jade Card in mainland China are still very limited. As a netizen said, a breakfast shop owner asked, "Are you using WeChat or U payment?" It is too early to tell, but we may as well wait and see.
So how do you get Solayer's Emerald Card?
Solayer adopts a phased issuance and whitelist mechanism. Whitelist users can apply directly, and non-whitelist users need to pay US$75. Applicants must be at least 18 years old and have completed KYC.
On the Solayer official website (app.solayer.org) or app, click the "Card" tab to enter the registration page.
Currently, it is mainly a virtual card that can be bound to Apple Pay, Google Pay or LINE Pay. The physical card has not yet been withdrawn, and it will support ATM withdrawals and more offline scenarios.
Due to regulatory and compliance requirements, it is not possible to apply for or use the Emerald Card in some countries, regions and certain states in the United States, and there is basically no specific usage scenario in China.
But if you travel abroad, it may come in handy in countries or regions supported by the Emerald Card, saving you the trouble of exchanging local currency.
What are the usage scenarios of Emerald Card?
Offline consumption.
In areas and cooperating commercial institutions supported by the Emerald Card, it becomes very convenient to use the card to buy Starbucks, shop at supermarkets, and pay at restaurants.
Online shopping.
If you need to place an order on Amazon, eBay or other e-commerce platforms, you can check the card number, expiration date and CVV of the virtual card in the Solayer app with an Emerald Card, enter it on the payment page, and pay directly with USDC. You no longer have to worry about not having a Visa credit card.
Yield combined with DeFi.
If you hold an Emerald Card, you can also convert temporarily idle USDC into sUSD in the Solayer application, and earn an annualized return of 4-5% by holding it. You can redeem it for USDC for consumption at any time when needed.
Use your rewards.
By using Emerald Card to shop or participate in Solayer activities, you can accumulate Emerald points, which are equivalent to the point rewards of traditional credit cards. The more you spend, the more points you get.
In the future, you can participate in the Emerald Rewards program and redeem $LAYER tokens, airdrops (such as $BTC from Nubit, $NUBI from Nubila), or discounts on Nansen products.
Solayer’s Emerald Card is a breakthrough on-chain Visa card that combines the convenience of blockchain with real-world payments through USDC settlement, sUSD earnings, and Emerald Rewards, providing players and users with a simple, secure, and rewarding experience.
If you are a web3 player and have consumption and payment needs, Solayer's Emerald Card is also a good choice.
In the future, with the popularization of the crypto market and the increase in user demand, on-chain Visa cards will lead crypto payments into the mainstream driven by technology, scenarios and reward mechanisms.
