New changes are being made to services on the app and DeFi. Over the past few months, we have seen changes to crypto earn rate, cashback rewards, stake rewards, new tokens added for recurring buy, new measures introduced for wallet security, and integration with other innovative projects

Just when we thought we have seen the last of the changes to cashback rewards on Visa card, makes another minor tweak to rebates. The new modification affects reimbursement on certain merchants for the visa cards.

New changes to Visa card reimbursement rewards

Previously, Jade green, Royal Indigo, and Ruby steel Visa cards offered 100% reimbursement on Spotify and Netflix subscriptions. With the new changes, based on the card tier you hold, you can only get up to 5% reimbursement when you use these merchants. card tier activated before 23rd July 2022 will enjoy the previous card reimbursement rate till 23rd January 2022 ( 6 months).

Private visa card tier users (Icy white, Frosted Rose Gold, and Obsidian) will continue to enjoy the existing rate when dealing with the listed merchants. So, the new changes don’t affect the private members’ card tier and they will continue to enjoy full reimbursement on their cards

Top-up fee for Visa card users in the U.S has announced a change to its top-up fee for U.S users. Formally all visa card top-up means; debit card, fiat wallet, and crypto wallet were free. While topping up your visa card via fiat wallet and crypto wallet for U.S users is still free, they now have to pay a fee to top up their cards using debit cards.

The new changes to topping up visa cards using debit cards will be effective from August 12, 2022.  

Further expansion to other countries (Cyprus and Singapore)

As part of’s goal to expand its crypto products and services across different countries, the platform has received a green light from two new countries; Cyprus and Singapore.

Expansion to Cyprus

The Cyprus Securities and Exchange Commission (CySEC) has given a regulatory license to With this certification, will be able to comply with local laws and provide a range of products and services to consumers in Cyprus.

According to Kris Marszalek, Co-Founder, and CEO of, “Europe is a key location for, and our continuing development in the market is a tribute to our dedication to compliance and engagement with regulators.” “As we reach out to more clients, our registration in Cyprus is the next critical step in our ongoing success.”

Possible expansion to Singapore

The Monetary Authority of Singapore (MAS) has granted’s application for a Major Payment Institution License preliminary approval. Once granted, this license would allow to provide consumers in Singapore with a variety of payment services that fall under the Payment Services Act, including services for Digital Payment Tokens (DPT).

According to Kris Marszalek, co-founder, and CEO of, “The Monetary Authority of Singapore sets a high regulatory bar that fosters innovation while protecting consumers, and their in-principle approval of our application reflects the trusted and secure platform we have worked diligently to build.” “We look forward to advancing our presence in Singapore, a thriving market for fintech innovation known for its well-regulated business environment, and to continue our collaboration with the MAS.”

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