Crypto.com announced today that it has begun shipping its MCO Visa Cards to 31 countries in Europe, making it the only crypto card provider offering cards in Asia, the full EU, and the United States.
Crypto.com’s broad European card launch comes after its successful introduction to the UK and the United States.
Crypto.com’s MCO Visa card was one of the first on the market when it launched in Singapore in 2018, and is now the most widely available card in the world, according to the firm.
Since then the market for crypto cards has accelerated, as a wide range of companies have expanded their offerings or released cards of their own.
Starting today, Crypto.com is shipping its cards to 31 markets in Europe, including all 27 EU member states, an addressable market of nearly 530 million people.
What Does 2021 Hold for the Markets? HYCM CEO SpeaksGo to article >>
Kris Marszalek, co-founder and CEO of Crypto.com said that since the firm first shipped its MCO Visa card in 2018, it has been rapidly moving into new markets and growing its user base.
End-to-end crypto ecosystem
“Crypto.com has separated itself from the pack by focusing on building an end-to-end crypto ecosystem that features high levels of security. Our user-friendly app acts as a single hub to manage all of your crypto financial needs; once cards are paired with the app, users can buy, sell, and earn crypto and get an instant loan. As our fiat support matures, our cards will be even better positioned to take over the world,” Marszalek said.
Crypto.com noted that it has seen significant traction in Europe recently. A number of steps were taken to expand its presence, including hiring Mariana Gospodinova as general manager of the region.
The US card supports both crypto and fiat top ups and is now compatible with Apple and Google Pay. Fiat top ups give users a choice to hold onto their crypto portfolio. But by spending fiat, one can earn up to 5% of cash back in crypto. Addressing the needs caused by Covid-19, the card program has increased essential purchases cash back up to 10% for the metal card tier and 5% for the plastic card tier.
Crypto.com offers five tiers of MCO Visa cards that feature no annual or monthly fees, 100% rebate on Spotify, Netflix and Amazon Prime, airport lounge access for select cards, no fee ATM withdrawals, tap-and-pay functionality, and competitive interbank rates.