Recently, I've been busy researching some WEB3 projects and have met many related individuals, including a guy who studies U Cards. After chatting for a couple of days, I have a rough understanding of the situation regarding U Cards. Although I don't personally need these while abroad, considering the many webmasters in the country, I thought I would recommend it to you all.
What is a U Card?#
A U Card can be simply understood as a USDT credit card. Unlike regular credit cards, this type of card does not have a credit limit and can only be used after recharging. That's right, you recharge USDT into it, and when you spend, it settles in the local currency. Currently, the U Cards I know of are from Mastercard and Visa. I heard there used to be UnionPay U Cards, but they disappeared quickly. Today, we will only talk about Mastercard and Visa.
What is the use of a U Card?#
U Cards are very useful for webmasters. When you earn U from ad networks or CPS, you can transfer the U to your U Card after settlement. You don't even need to cash out; you can directly use this card for spending. You can buy houses and cars offline, and online, you can link it to WeChat, Alipay, or OnlyFans without any issues! Additionally, you can purchase foreign servers; many foreign servers do not support cryptocurrencies, but you can settle directly with the U Card since it is a credit card that is universally accepted abroad! You can also use it for advertising, purchasing foreign software and services; everything can be handled with the U Card, eliminating the need to find someone to pay on your behalf!
Is the U Card safe? Will it be frozen?#
The safety of the U Card depends on the issuing company. Mastercard and Visa are foreign institutions, and companies that have the ability to issue such cards generally possess financial licenses. Foreign laws differ from domestic ones; in the domestic context, if I say I will check you, I can check you however I want. In foreign countries, however, the police can only investigate if there is a certificate issued by the local prosecutor's office! This means that the risk of a company running away is far greater than the risk of the police investigating! So, there is no need to worry about safety, but don't store too much money on the U Card; just use it as a transit tool, after all, even Lehman Brothers went bankrupt!
As for freezing, it is unlikely to be frozen unless you really do something outrageous. Theoretically, cards issued by Mastercard and Visa are very unlikely to be frozen! Even if they are frozen, the U inside is likely retrievable, as foreign countries place great importance on personal property protection.
Is KYC required?#
Of course, it is! But... see the introduction below!
The card I'm introducing today was recommended by a friend I met in the WEB3 circle. Here, I will briefly introduce the classification and features of this card:
- Mastercard physical U Card: After purchase, fill in your address, and it will be delivered to your home via SF Express in China. You can recharge USDT, withdraw cash from domestic ATMs, and use it for purchases in offline stores. It can be linked to WeChat and Alipay, and can also be used for online spending, such as buying servers or other services, and purchasing ads. The card issuance fee is only 138 U, and the annual fee is just 10 U, which is very cost-effective.
- Mastercard and VISA virtual cards: This type of virtual card means there is no physical card; it is operated directly through an app. The downside is that you cannot withdraw cash from ATMs, but the advantage is convenience. It can also be linked to WeChat and Alipay, and even Apple and Google Pay, covering all online spending. The card issuance fee varies by level, with the lowest fee being only 10 U.
- The biggest concern for those operating in gray areas is the KYC issue, which can basically be ignored here. All cards can be registered using anonymous email addresses, and KYC issues for physical cards can also be resolved with his help.
For U Card applications and detailed introductions, please visit his website: https://www.usdtcard.org