Secured Credit Card System
Loompay offers secured credit cards that let you spend crypto as fiat. All cards are denominated in USD.
How to issue a card:
The Loompay Secured Card is issued seamlessly through the Loompay.io platform with a fully automated, on-chain system.
Upon sign-up or wallet connection, each user receives a pre-issued card and wallet—ready to activate in seconds.
1. Issuance Flow
The user signs in via wallet or email.
Upon login, Loompay automatically creates a secure wallet and a pre-issued card profile for the user.
The virtual card is automatically activated with an initial monthly spending limit of $2,000.
After successful KYC verification, the card’s spending limits are instantly upgraded, enabling full global usage.
Card Types
Virtual Card: Instantly issued and activated after login. It can be used for online payments or added to mobile wallets for contactless transactions.
Physical Card: Available after KYC verification and shipped within 5–10 business days. Ideal for in-store purchases and ATM withdrawals.
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