A new feature has been rolled out by Zypto, allowing holders of Pi coins to convert them into funds usable on a Visa debit card. This update will allow users to spend Pi like regular money for shopping, online purchases, and paying bills.
While this feature enhances usability for Pi holders, Visa isn’t directly involved in the Pi coin conversion part. Zypto serves as the middleman, converting the Pi internally through its system and loading the equivalent funds onto the card it issues.
According to Zypto, users can transfer Pi coins from their Pi Wallet into the Zypto app. Once in the app, Zypto converts the coins into usable funds, which are then linked to the Visa debit card offered by Zypto. This card is accepted wherever Visa payments are accepted online and in stores.
It’s worth noting that the Zypto Visa card isn’t tied into Visa’s core network for handling cryptocurrencies. Zypto handles the Pi conversion on its own, and Visa doesn’t back or process Pi coin payments. The setup ensures that Pi remains a digital asset, while only the fiat-equivalent funds move through the standard Visa infrastructure for transactions.
The Zypto app also houses a decentralized finance (DeFi) wallet compatible with major blockchains like Bitcoin, Ethereum, BNB, Polygon, Base, Solana, Tron, and SUI. Through this wallet, users can swap crypto across different chains, access decentralized exchanges, and purchase crypto within the app.
To boost wallet security, Zypto has introduced Vault Key Cards (VKCs) in the form of metal cards that serve as cold storage devices. These cards use NFC technology and fingerprint scanning to keep part of a user’s wallet recovery words offline and safe.
Recently, Zypto has added the SUI network and the Aftermath Finance swap protocol to its platform. These new integrations follow partnerships with MoneyGram and the Stellar Development Foundation for a project that allowed users to swap Stellar-based USDC for local cash, or vice versa, at designated MoneyGram locations.
