Striking the strategic partnership, Crypto.com has come together with Visa to achieve wider adoption of cryptocurrency and its payment solutions among target customer segments. This new association will enhance the adoption of the Crypto.com Visa Card and encourage more people to adopt cryptocurrency solutions for transactions and lending purposes.
Crypto.com Visa Card has already distinguished being a one-of-its-kind program that is currently available in 31 different countries of Asia-pacific and Europe. The card is quite popular in Canada and the US, and with this new association, both organizations are looking forward to expanding the reach of their card to a broad base of prospective users.
Crypto.com has been granted the principal member of Visa, which means it can now start with the Visa card’s direct issue in Australia, thereby allowing a direct relationship between the company and cardholders. Besides, Crypto.com plans to expand its reach and target new markets and countries where it is not currently offering the services. For instance, the company is planning to launch the virtual card facility in Europe very soon, and this will allow the cardholder to make the purchase without the need to carry their card physically.
Another innovative announcement from the house of Crypto.com is the creation of the concept, spending power. It is first in the industry and will benefit the cardholders of Crypto.com Visa Card. With this new facility, users can use the crypto wallet as collateral to take the loan and instantly spend the money at all places where Visa card is accepted. The highlights of the spending power concept are its low-interest rates and flexible repayment schedule, making it superior to most credit and debit card options available in the market today.
Crypto.com Visa Card was launched in November 2018 in Singapore, and later on, it made its entry into other parts of the world, including the US, UK, Canada, and Europe. Users can use the card to make payment by converting the cryptocurrency into fiat money at all places where the Visa card are accepted. The card can also be used to withdrawal cash from the ATMs, and users can avail of up to 8% back on the transactions without any limit on the upper amount. It also offers a 100% rebate on popular services such as Amazon Prime, Netflix, and Spotify and comes with zero monthly or annual fees.