Privy partners with Stripe to launch a debit card that allows payment directly from DeFi vaults

CoinFeed June 30 news, digital asset infrastructure service provider Privy announced that developers can now issue payment cards for users directly connected to their DeFi vaults. When users swipe their card, settlement is in stablecoins, and the wallet authorizes Stripe to withdraw the share from the vault in one go, completing redemption, unwrapping, and settlement without the need for manual withdrawal steps. Privy stated that user funds in the vault will continue to earn yields until the exact moment of payment. This card is issued by Lead Bank through Stripe as a prepaid Visa debit card, and Privy has opened an early application channel for teams joining the access program.