Phantom Launches Early Access Program for Cash Debit Cards in the US

Cryptocurrency wallet services strengthen fiat-crypto asset connectivity.

Phantom, a non-custodial wallet based on Solana, announced this week that it is launching an early access program for its Phantom Cash debit card in the United States.

Phantom Cash is a Visa prepaid debit card issued by Lead Bank and managed by Bridge Ventures. After completing identity verification, users can receive a Phantom debit card and register it with Apple Pay and Google Pay. Users can also deposit and withdraw funds between fiat and cryptocurrencies, as well as transfer funds directly to their bank accounts. Access is currently being granted on a rolling basis to users on the waiting list.

However, Phantom clarified that it is not a bank. The card is a prepaid Visa debit card, and various fees may apply during use. The lead bank issues the card, while Bridge Ventures manages it.

This service, initially launched in the United States, is expected to expand internationally in the future. Combining cryptocurrency wallet services with traditional financial systems is expected to increase the practical utility of digital assets and contribute to the popularization of cryptocurrency.

Joohoon Choi joohoon@blockstreet.co.kr