Recently, I've been busy researching some WEB3 projects and have met many related people, 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 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'll 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 advertising networks or CPS, you can transfer the U to your U Card after settlement. You don't even need to cash it 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, for purchasing foreign servers, many foreign servers do not support cryptocurrency, but you can settle directly with the U Card since it is a credit card and widely 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’ll check you, I can check you, no questions asked. In foreign countries, however, the police can only investigate if there is a certificate issued by the local prosecutor's office! This means 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 do something truly 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 a high emphasis 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’s a brief introduction to the classification and features of this card:
- Mastercard physical U Card: After purchasing, fill in your address, and it will be delivered to your home via domestic SF Express. USDT can be recharged, and you can withdraw cash from domestic ATMs or directly swipe the card for purchases in offline stores. It can be linked to WeChat and Alipay, and online spending is also available, such as buying servers or other services, and the card issuance fee is only 138 U, with an annual fee of just 10 U, which is very cost-effective;
- Mastercard and VISA virtual cards: This type of virtual card means there is no physical card, and 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 needs. The card issuance fee varies by level, with the lowest issuance fee being only 10 U;
- The biggest concern for those doing gray operations is the KYC issue, which can basically be ignored here. All cards can be registered with anonymous emails, and KYC issues for physical cards can also be resolved through him.
For U Card applications and detailed introductions, please visit his website: https://www.usdtcard.org