Crypto.com, a Hong Kong based cryptocurrency company which is a pioneer in cryptocurrency adaptation through its wallet application has finally started shipping it’s MCO Visa cards. The MCO visa card is a cryptocurrency linked metal card with rewards.
Singapore will rejoice as it will be the first country to use the crypto metal card from 22 October 2018.
The MCO Visa card gives the option to users to use their cryptos for a variety of options. These include free ATM withdrawals worldwide, tap and pay functionalities, interbank transfers with cheap rates and airport lounge access.
Co-founder Kris Marszalek highlighted the importance of MCO Visa cards for the overall cryptocurrency adoption by stating-
“We are thankful for the support of all our partners and our community. During this process, our team has grown tremendously and worked incredibly hard to achieve this milestone. It is an important step towards our mission of accelerating the world’s transition to cryptocurrency.”
If you want to reserve a MCO Visa card for yourself, all you have to do is access the mobile wallet application of Crypto.com and complete the formalities of the customer onboarding process.
Currently, the Crypto.com wallet which the MCO Visa card can be recharged with are major cryptocurrencies such as BTC, ETH, XRP, and LTC. It also accepts the native currency of Crypto.com which is MCO and popular cryptocurrency exchange Binance’s currency BNB. The inclusion of BNB suggests the rise of BNB in the cryptocurrency market.
Crypto.com was known as Monaco before the overall rebranding efforts utilizing the Crypto.com website which according to a report was bought for US$10 million.
Zero Crypted Opinion
Crypto.com’s MCO Visa Card is not the world’s first crypto metal card. A few months ago Revolut released a cryptocurrency metal card. TenX is another cryptocurrency metal card which is being developed as of now.
Singapore was chosen for the MCO visa card given the openness to cryptocurrencies in the Asian island. Singapore is growing to become Asia’s hub for cryptocurrencies similar to Malta expanding in the cryptocurrency field in Europe.
However, one thing which has not been disclosed yet is the fees. Crypto.com website mentions that it will be revealed in the terms and conditions when the card is shipped.
Image Source – Flickr