First, the bad news: Starting next week, the Solayer Emerald Card will no longer accept new user registrations from China, Vietnam, Turkey, Belarus, and Nepal (existing Emerald Card users will not be affected).
Deadline:
Before 2:59 PM Beijing Time on Monday (August 18)
Before 11:59 PM Pacific Time on Sunday (August 17)
Interpretation of Solayer's Emerald Card:
Core Advantages:
1. Accepts KYC with Chinese passport
2. Physical card can be applied for
3. Supports linking to Alipay
4. USD card, billing address can be filled with a US address, which can solve the majority of services and websites that require a US card for application
Fees:
1. 1% fee on deposits
2. $0.10 + 1.5% fee per transaction for non-USD payments
3. Previous card opening fee was $75, now the card opening fee is $15
Emerald Rewards Program is as follows:
Use the Emerald Card for purchases, dining, or travel. Earn 1-5% cash back or points depending on the merchant (1 USD = 1-5 points, specific multiplier determined by the merchant).
Example: A $100 purchase may earn 100-500 points. Designated merchant purchases: Activate offers from designated merchants on the Solayer platform (such as specific retailers or online platforms). Earn 5-10% double points when spending.
Example:
Spend $200 at designated merchants, after activating the offer, you can earn 2,000-4,000 points.
High-value spending: When a single transaction exceeds $500, receive an additional 2% limited-time reward (points or cash back). Example: A $600 transaction can earn base points (600 × 3 = 1,800 points, assuming a 3x multiplier) + an additional 2% ($12 or 1,200 points).
Scenario spending:
Spend $50 at a coffee shop (1% = 50 points), spend $300 at a designated merchant (5% = 1,500 points, offer activated), and purchase $600 worth of electronics (3x + 2% = 1,800 + 1,200 = 3,000 points).
Total points: 4,550 points. Redemption: Redeem points for a $50 hotel discount, while holding sUSD to earn 4% annual yield.
@SolvProtocol #BTCUnbound $SOLV