PENGU token surged over 3% following the announcement of a partnership with Visa to launch the Pengu Card, a cryptocurrency debit card. This card allows users to spend digital assets directly at over 150 million merchants worldwide, offering rewards and yield on account balances. The partnership, involving Visa and KAST, aims to enhance the practicality of crypto for everyday use. The Pengu Card features three membership tiers, with rewards up to 12% and yields up to 7%. A waitlist and referral program are in place to drive community engagement, with top referrers gaining early access. Following the announcement, PENGU's trading volume increased by 56%, and its market cap reached $389 million, making it the eighth-largest memecoin. This development marks a significant step for Pudgy Penguins, expanding from NFTs into consumer finance, and highlights the potential for NFTs to evolve into functional financial products. Visa's shares also saw a slight increase, reflecting the positive impact of strategic crypto partnerships.
PENGU Token Rises Over 3% After Visa Partnership for Crypto Debit Card
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