Crypto.com, a cryptocurrency exchange and app, announced today that citizens from Canada can now apply for its visa card as the company planned to ship cards to Canada in January next year. Crypto.com launched visa cards across different locations worldwide in recent years, and the exchange aims to take advantage of the rapidly growing Canadian market with the latest initiative.
Though the Hong Kong-registered company launched its visa card in Singapore in October 2018, the company made headlines with the launch in the US in July 2019. The latest destination for crypto.com was Europe as the platform launched its card in the region in April this year.
According to the official announcement, the card has no annual or monthly fee and users can withdraw from ATMs without any charges. Additionally, the company outlined that the card is free from foreign transaction charges.
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“Customers can reserve a card in the Crypto.com App, which has a three-minute onboarding process that includes ID verification. Applicants will be notified when their card is ready to ship, and check on its issuing status in the App,” the official announcement states.
Canadian Crypto Market
Canada has gained massive popularity in recent years as a hub for crypto companies including exchanges, staking networks and mining pools. Finance Magnates earlier reported about crypto mining company, VBit setting up a bitcoin mining facility in Canada. Recently, IBC Group partnered with a Canada-based decentralized Ethereum staking network, CanETH to stake more than $10 million worth of Ethereum to support Ethereum 2.0.
While talking about the importance of Canada for the company, Kris Marszalek, CEO of crypto.com, said: “Canada is a tech-savvy, innovative country that has always been warm to cryptocurrencies. Our Crypto.com Visa Cards will provide the country’s residents with the most rewarding debit card on the market. This launch represents the latest milestone in our march to bring the cards to every country.”