Slash Launches Global Cards, Enabling International Businesses to Spend in USD Without a U.S. Entity

New card offering, enabled by Rain’s infrastructure, allows businesses to spend anywhere Visa is accepted using Slash’s Global USD accounts

SAN FRANCISCO--(BUSINESS WIRE)--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.

About Slash Financial
Slash Financial, Inc. is a San Francisco-based banking platform built for modern businesses. Founded by CEO Victor Cardenas and CTO Kevin Bai, Slash combines FDIC-insured business checking, corporate cards with uncapped cashback rewards, expense management, treasury management, global payments, and stablecoin support into a single platform purpose-built for the financial workflows of modern businesses.^{3, 4} Slash serves businesses across affiliate marketing, e-commerce, healthcare, home services, crypto, and dozens of other industries. Banking and card services are provided by Column N.A., Member FDIC. For more information, visit slash.com.

¹ Slash Financial, Inc. is a fintech company, not an FDIC-insured bank. Banking services are provided by Column N.A., Member FDIC. The Slash Platinum Card is a Visa® charge card issued by Column N.A., pursuant to a license from Visa. See Slash Terms of Service.

² Digital-asset services (including the Global USD Account and USDSL stablecoin) are provided by Slash Financial, Inc. in partnership with third-party providers. See the full Global USD Account Terms of Use for more details.

³ Slash Platinum users may be eligible to receive cryptocurrency in their legal entity name. Eligible transactions will be processed by Column N.A. Other cryptocurrency options may be available through your account at Bridge Building Inc. or Layer2 Financial, Inc. For those transactions, Bridge Building Inc. or Layer2 Financial, Inc., as applicable, will convert the cryptocurrency in your account to United States Dollars (USD) and transfer the USD to your Slash Platinum account. Stablecoin custody and transfer services are provided by Bridge Building Inc and/or Layer2 Financial, Inc., as applicable.

⁴ Advertised yield reflects the highest net yield for money market funds available in Slash Treasury as of the last business day and assumes total Slash Treasury deposits of $500k+. Yields are variable and subject to change based on market conditions. See Atomic Treasury Disclosures.

See more at slash.com/legal