National Bank of Kazakhstan Launches Crypto Card Pilot Project
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National Bank of Kazakhstan Launches Crypto Card Pilot Project
On Tuesday, the National Bank of Kazakhstan announced the launch of one of its digital assets integration projects, the implementation of crypto cards.
These cards, which allow users to complete non-cash purchases, are linked to wallets containing cryptocurrency that can be liquidated at the time of a transaction, allowing merchants to receive money after the sale of these digital assets.
The sale of these assets will be handled by exchanges located in the Astana International Financial Center, a national financial hub. The bank also highlighted that it intends to launch additional digital assets initiatives later this year, including the issuance of stablecoins backed by national currency and the tokenization of financial assets, among others.
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