Crypto.com Set to Expand its MCO Visa Card Into the U.S Market
The U.S market is inarguably the most important market any business can aim to expand into. As a result of this, a Hong-Kong based crypto and blockchain startup, Crypto.com has announced plans to expand its prepaid VISA cards to the United States. The card, MCO Visa Card, is currently only available to residents of Singapore.
Crypto.com Partners with Metropolitan Commercial Bank
Based on a recent report from Crypto.com, which has partnered with the Metropolitan Commercial Bank, it will be making its ATM card accessible to U.S residents soon enough. According to the content found on the startup’s official website, the MCO Visa Cards is a high-end metal card with no annual or monthly fees.
The webpage also made it known that no fees will be charged on ATM withdrawals. It also stated that some selected cards will have airport lounge access. Along with this, the MCO Visa Cards does not charge foreign transaction fees and it has a tap-and-pay functionality.
How to Get a Card
Crypto.com made it known that any U.S resident interested in reserving the ATM card, can do so using the Startup’s official wallet or the Card App.
The process is expected to take about five minutes to set up at most. Through the wallet App, users can manage their card usage, transactions as well as freezing and unfreezing their cards. Since the card functions principally using VISA’s network, cryptos need to be converted to FIAT before the card can be used. This is because VISA only functions with FIATS.
Kris Marszalek, Co-Founder and CEO of Crypto.com, has expressed his delight as regards the collaboration between the startup and the Metropolitan Commercial Bank, towards its expansion into the U.S market. He made this know through a statement which states that:
“We are thankful for the support of Metropolitan Commercial Bank in sharing our vision. The market demand for the MCO Visa Card has been overwhelming and we look forward to bringing it to customers as soon as possible. This is another important step towards our mission of accelerating the world’s acceptance of cryptocurrency.”
