Phantom has launched early access to its prepaid debit card in the United States, allowing users to spend stablecoins directly through Apple Pay and Google Pay.
Key Takeaways
- Phantom has started rolling out its on-chain debit card to US users, enabling stablecoin payments from its wallet.
- The card supports Apple Pay and Google Pay, with physical versions coming soon.
- Users can spend directly from their on-chain balances, with funds converted to dollars at checkout.
- Bank transfers, on-ramps, and off-ramps are integrated, but identity verification is required to access these features.
What Happened?
Phantom Wallet has begun a phased rollout of its new Phantom Cash debit card, initially available to users in the United States. This prepaid Visa card enables users to spend stablecoins directly from their Phantom wallet via Apple Pay and Google Pay, offering a seamless connection between digital assets and traditional commerce.
The wait is over.
— Phantom (@phantom) December 14, 2025
Early access to Phantom Cash debit cards will start rolling out this week.
US rollout begins now, with international coming soon ✨💳👇 pic.twitter.com/B4rcbxyqdR
Phantom Enters Everyday Payments with Debit Card Launch
Phantom, one of the most widely used crypto wallets in the Solana ecosystem, announced the launch of its debit card on December 15 via a post on X. Dubbed the Phantom Cash debit card, the product is part of a broader push to transform crypto wallets into everyday financial tools.
Key features of the card include:
- Direct stablecoin payments using balances backed by the US dollar-pegged CASH token on Solana.
- Instant conversion of crypto to fiat at the time of purchase.
- Virtual card available immediately for use in Apple Pay and Google Pay.
- Physical cards to be issued in a later phase.
- Bank transfers and fiat ramps, accessible after KYC verification.
Unlike traditional crypto cards that often require users to preload balances or convert assets manually, Phantom’s solution keeps funds on-chain until the moment of transaction. This allows for real-time conversion and maintains a crypto-native user experience.
KYC Required and Issued by Traditional Partners
To use the debit card, users must complete a Know Your Customer (KYC) process. This identity verification also unlocks additional financial features inside the app, such as direct bank account transfers and on- and off-ramps between fiat and crypto.
Phantom clarified that it is not a bank. The debit card is a prepaid Visa, issued by Lead Bank and managed by Bridge Ventures. While exact fees and supported assets are still unspecified, Phantom has noted that fees may apply depending on usage.
Beyond Storage: Phantom Evolves Into a Financial Hub
The debit card launch reflects Phantom’s ongoing evolution from a simple wallet into a lightweight financial app. Earlier this year, the platform added a Cash tab for gasless peer-to-peer transfers, username-based payments, and instant stablecoin swaps.
With more than 15 million monthly active users across Solana, Ethereum, Bitcoin, and Sui, Phantom is clearly positioning itself as a crypto super-app, challenging both decentralized and centralized platforms.
CoinLaw’s Takeaway
I think this is a huge move for Phantom and for the crypto world overall. In my experience, one of the biggest complaints from everyday users is the inconvenience of spending crypto in real life. This debit card is a real solution to that. The fact that it works with Apple Pay and Google Pay, and doesn’t need a preloaded balance, is a major user experience win.
I found it especially smart that Phantom kept funds on-chain until purchase time, which keeps the process seamless and still crypto-native. That is the kind of practical innovation we need if crypto is ever going to become truly mainstream. And for users who are already deep in the ecosystem, it means fewer steps, fewer apps, and a lot more convenience.
