Slash Financial, Inc., the banking platform1 built for modern businesses, today announced the launch of its Global Cards product, a new card offering that enables international businesses to spend globally without requiring a U.S. entity, such as a Limited Liability Company (LLC) or Employer Identification Number (EIN). Issued on the Visa network and enabled by Rain’s global stablecoin-powered card infrastructure, the card enables businesses to transact wherever eligible Visa transactions are supported — delivering a user experience indistinguishable from a traditional card, with all stablecoin processes fully abstracted.
The launch builds on Slash’s existing Global USD product,2 which gives foreign businesses access to accounts that enable them to store, send, and spend funds in U.S. dollar terms without needing to establish a U.S. entity. Historically, access to U.S. financial infrastructure — including card issuance — has required international companies to navigate complex and costly entity formation processes.
“Every hour and dollar spent navigating entity formation, foreign exchange fees or fragmented payment tools is time and money a business could be putting toward growth,” said Victor Cardenas, CEO and co-founder of Slash Financial. “Global Cards helps companies reduce the cost and complexity of managing card-based spend across borders.”
With Global USD, businesses can receive and send USD seamlessly across borders, with underlying transactions powered by Slash’s proprietary stablecoin, USDSL. Payments received via ACH or wire are converted into USDSL and transmitted via blockchain to the user’s wallet, while outbound payments follow the reverse process. To the end user, these transactions appear as standard USD transfers, without the friction or fees typically associated with cross-border payments.
The Global Cards product extends this infrastructure by introducing a card layer for Global USD accounts. Through its partnership with Rain, Slash enables Global USD customers to access Visa cards that operate on top of Slash’s USDSL stablecoin. Rain provides the payment infrastructure that enables seamless transaction authorization and settlement behind the scenes while maintaining a familiar card experience for users.
Slash’s Global Cards offering is available now. Businesses can get started at slash.com/globalcards.
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