Crypto.com Gets Approval To Launch MCO Visa Card Supporting Bitcoin & Ethereum In The U.S

by | Nov 19, 2018 | Bitcoin, Cryptocurrency, Cryptocurrency News

Crypto.com | Visa Crypto Card | Bitcoin | Ethereum | U.S. | MCO
With the ever-increasing popularity of cryptocurrencies, the use cases of the digital token have also observed a significant rise, especially in the U.S. Crypto.com,  initially known as Monaco, recently announced that they have received the necessary approvals to launch the MCO Visa Card that will support cryptocurrencies. The said card will enable the user to spend their digital currencies wherever a Visa card is accepted. Cryptocurrencies have now been recognized as a mode of payment by various businesses. Among the emerging payment terminals and application, one of the most anticipated crypto payment gateways is the MCO Visa Card.

MCO Visa Card

Back in October, MCO Visa Card program was successfully launched in Singapore. The U.S. version is launched in partnership with Foris Inc. of Crypto.com and the Metropolitan Commercial Bank. The user can manage their card usage through the wallet application. They can carry out transactions, freeze or unfreeze their credit or debit card with just a tap. The firm states that the MCO Visa Card is a prepaid card and will not incur monthly or yearly fees. In addition, the users will not be levied any ATM withdrawal fees or foreign transactions fees. Currently, the card support five digital currencies, Bitcoin (BTC), XRP (XRP), Ethereum (ETH), Binance Coin (BNB), and MCO. The platform assures that support for other digital currencies shall be added soon. Interestingly, the card has a top-notch design and aesthetic feel and comes in six different colours.

How does it work 

With an easy to use interface, the User just needs to load their digital assets into their Visa card and convert it to their local currency. Immediately after it the MCO prepaid Visa card can be used everywhere Visa cards are accepted, including restaurants, retails shops, and ATMs. Other Cards with similar functionalities are also available in the market, such as BitPay Card, a prepaid Visa card that lets users load BTC and convert it to U.S dollars in a matter of minutes via a linked Bitcoin (BTC) wallet. Another example is Wirex Visa, it lets users convert and spend digital currencies including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and XRP (XRP) like fiat currency.

Read more: Bitcoin News: World’s First Bitcoin ETF Approved By Switzerland

Arshmeet Hora The idea of expressing one’s views and reviews through words is beyond intriguing. What started as a creative let out has now become a passion and a profession for Arshmeet K Hora. In her own words ” with every word, every article that I write, my passion towards this medium has grown stronger.”  Arshmeet covers latest crypto news and updates as well as what happening new revolving around Blockchain Technology.

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