KuCard Launches Wise Monkey Rewards Card, Offering 3% Cashback, 1 Billion MONKY Rewards

KuCard, a Visa debit card developed by KuCoin, has launched the Wise Monkey Rewards Card, designed to offer real-world spending power to over 2.3 million holders of the MONKY token. This innovative card allows users to convert their MONKY tokens into fiat currency seamlessly, enabling them to spend their tokens at any location that accepts Visa and Mastercard. This integration eliminates the need for manual cryptocurrency-to-fiat conversions, providing a convenient and efficient way for users to access their funds.

The Wise Monkey Rewards Card not only facilitates spending but also enhances the utility of the MONKY token by incorporating a rewards system. This system encourages users to utilize their tokens more actively, transforming MONKY into a readily spendable currency. To drive adoption, KuCard is offering several incentives. From March 16 to March 31, 2025, users who spend at least €600 with their Wise Monkey Rewards Card will earn up to 1 billion MONKY as a reward. To be eligible, users must maintain a minimum balance equivalent to 10 USDT in their MONKY holdings.

Additionally, the “Go Bananas with KuCard” promotion provides an extra 3% cashback in MONKY, up to 10 million MONKY, for the first 500 users who make purchases in select categories. This offer presents an opportunity for users to maximize their rewards. Furthermore, VIP perks are available for dedicated MONKY holders, offering exclusive benefits that enhance the overall spending experience.

KuCard’s Wise Monkey Rewards Card stands out from typical crypto debit cards by integrating a sustainable revenue model. A portion of the transaction-generated revenue will be allocated toward buying back MONKY from the market. These tokens will then be permanently burned, reducing the supply and supporting the token’s long-term value. This deflationary mechanism aims to strengthen the Wise Monkey ecosystem and increase the overall demand for the token.

KuCard has been facilitating seamless crypto-to-fiat conversion since its launch in November 2023. The card offers compatibility with popular mobile payment systems like Google Pay and Apple Pay, allowing users to make transactions globally. KuCard automatically converts cryptocurrency into local currency at the point of sale, ensuring efficient and cost-effective transactions. Initially launched within the European Economic Area, KuCard is actively working to expand its reach to other regions, furthering the broader adoption of blockchain technology and digital currencies.