What Happened?
Solayer, a Solana-based staking platform, has released the Emerald Card for crypto users to spend and earn rewards. This card allows onchain transactions, integrating with Apple Pay and Android Pay, making it easy for users to pay without traditional bank accounts. Initially available to 40,000 community sale participants, the card supports Solana Virtual Machine wallets and plans to expand to other blockchains.
Who Does This Affect?
The Emerald Card primarily targets crypto enthusiasts who are looking to integrate their digital assets into daily spending. It’s available in over 100 countries, including the U.S., offering wider access to global Solana and crypto communities. Users can benefit from the card’s ability to build onchain financial reputations and receive various rewards.
Why Does This Matter?
This launch could significantly impact the crypto market by providing a seamless bridge between digital currencies and everyday expenses. By eliminating centralized exchanges and preloading fiat, the Emerald Card introduces a more direct use of cryptocurrencies. Additionally, integrating real-world asset-backed sUSD stablecoins could enhance confidence and usability of crypto in broader financial systems.