Polygon Partners With hi To Launch Web3 Debit Card
The team at Polygon Studios is partnering with the neo-banking app hi to support the launch of a new customizable Web3 debit card, as announced this morning.
The custom cards are officially branded as "NFT Debit Mastercards," and allow the holder to spend both crypto and fiat at 90M merchants across the world. The cards are customizable wherein holders can connect their Polygon wallets, select an NFT, and attach it to the debit card as a featured image. Those without any NFTs can claim a free one from Polygon or upload an image and mint it as an NFT.
The program leverages crypto-native concepts like staking as a part of its rewards program. Cardholders are eligible for different tiers of rewards based on how much HI (the native company token) they have staked. For example, staking 10,000 HI (~$2,000) unlocks the Silver tier, which provides 5% spend reward and a 20% earn booster. The top Diamond tier requires 10M staked HI, and comes with 10% spend reward and a 30% earn booster.
To get started, interested participants can navigate to polygon.hi.com, where they will be instructed to download the hi App and create a free account. From there, users will need to select a tier and can then customize their card.
hi is a fully licensed crypto exchange providing trading support across 100+ cryptocurrencies, along with a savings product and now the new Debit Card. It is operated by the hi Foundation, a Singapore-based non-profit, and its leadership team features Sean Rach (formerly of Crypto.com), Sam Christian, and Alec Erasmus.