Phanotm Wallet, a Solana-native self-custody crypto wallet, announced its debit card and CASH stablecoin in early October 2025. Analysts described the prominent crypto wallet as a new super, as it unites everyday money functions into a single platform rather than simply being a wallet. The platform has now launched its much-awaited on-chain virtual debit card for US customers.
As of now, access to the virtual debit card is limited, and users may have to wait as the launch rolls out in phases.
What to expect from Phantom Wallet’s virtual Visa debit card
Eligible users can use the debit card through Phantom’s Cash or CASH stablecoin. In other words, users can spend their Phantom Cash balance online, in apps, and in stores where Apple Pay, Google Pay, and Visa are accepted.
According to an official statement from Phantom, users will need to complete the know-your-customer verification (KYC) to get the Phantom debit card. Notably, the card is not available in New York and Alaska.
With the new virtual debit card, users can convert USD added from a US bank account into CASH stablecoin within the Phantom Wallet. This process, known as on-ramp, does not require users to go out of the platform to do the conversion or add USD from a bank.
Likewise, users can do off-ramps, meaning they can convert the CASH stablecoin back to USD automatically and withdraw funds back to their bank accounts. In the off-ramp process, users do not have to cash out on a separate exchange; instead, the process is carried out on the platform itself.
In short, users can:
- Spend on-chain CASH stablecoins
- Pay online, in-store, and in-app wherever Visa, Google Pay, and Apple Pay are accepted
- See on-chain transfers
- Carry out on-ramp and off-ramp functions
- Move funds through direct bank transfers
The daily spending limit of the debit card is $2,000. After a review, users can apply for a higher limit and spend up to $5,000, subject to Phantom’s approval.
Crypto enthusiasts should not mistake Phantom as a bank; the platform executives said in an X post. They also added: “The Prepaid debit Visa card is issued by Lead Bank and managed by Bridge Ventures, LLC.”
Why crypto industry describe Phantom Wallet as a super app?
As mentioned, in the blockchain realm, Phantom is combining multiple money features into one place. The crypto app bundles built-in token swap, earn or stake features, CASH stablecoin, debit card, support for multiple chains, direct bank transfers, NFT management, and much more.
Phantom signals distribution and power, becoming the default app where investors can enjoy most of the crypto features within the same app ecosystem.
Usually custodial exchanges like Coinbase, Binance, and Crypto.com have their own debit card; however, crypto wallets like MetaMask, Rainbow, and Trust Wallet do not have a debit card like Phantom Wallet.
The crypto community on X appears excited to see the debit card launch, with users expected to jump on to the new feature. Some users opined, “this feels like the future”, and “bullish”, whereas other people are waiting for the debit card to launch in Europe.
An X crypto user floated a question, asking Phantom about any plans to address security concerns over debit cards in the crypto space, given that debit card scams and frauds are already notorious in the digital sector.
