Rain is a regulated cryptocurrency exchange founded in 2017 by Abdullah Almoaiqel, AJ Nelson, Joseph Dallago, and Yehia Badawy, headquartered in Manama, Bahrain. In 2019, Rain Management W.L.L. became the first crypto-asset service provider licensed by the Central Bank of Bahrain, and the company has raised funding from investors including Coinbase Ventures and Kleiner Perkins.
The Rain Card is a crypto debit card offered by Rain, available in 100+ countries. There is no annual fee to hold this card.
It is a strong fit for privacy-conscious users who want to keep custody of their keys while spending. It runs on the Visa / Mastercard network and requires standard identity verification.
Note: Corporate/B2B stablecoin payments infrastructure. NOT for US individuals. Direct Visa membership + Mastercard Principal Member (announced May 2026). $250M Series C (Jan 2026) at $1.95B valuation (17x increase in 10 months), led by ICONIQ; total funding >$338M. Plans on-chain settlement with Mastercard for selected flows using regulated stablecoins. $3B+ annualized volume. Powers cards for Phantom, Avalanche, and others.
Other crypto cards in the same region or category that may suit your spending profile:
The Rain Card is a crypto debit card offered by Rain. It is available in 100+ countries and allows users to spend cryptocurrency at merchants worldwide.
The Rain Card has an annual fee of $0.
The Rain Card is available in 100+ countries. Its availability status is "Global".
The Rain Card is a debit card. You need to load cryptocurrency onto the card before making purchases.
Yes, the Rain Card is a non-custodial (self-custody) card. This means you retain control of your private keys and your crypto is not held by a third party. Funds are only converted at the point of sale, reducing counterparty risk compared to custodial alternatives.
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