Leading crypto payment platform Crypto.com announced that it has received regulatory approval for its Visa card program in Canada and will soon launch Visa MCO cards in the country.
Visa MCO cards are prepaid cards that can be reloaded with crypto currencies, including Bitcoin (BTC), Ether (ETH), Litecoin (LTC), XRP and the native Crypto.com MCO token.
The company said citizens of Canada can now book their crypto cards through a three-minute customer enrollment and ID verification process in the Crypto.com application.
Crypto.com claims that its card is the “most widely available“ after its expansion in Europe
This comes just days after the company announced that it was expanding its Visa MCO card services in 27 countries across the European Union, as well as in Switzerland, the United Kingdom, Iceland and Norway. The company added services for Singapore in 2018 and launched in the United States in July 2019.
After its expansion into European countries, the company claimed that its card was the most widely available crypto-currency card in the world. In a conversation with Cointelegraph, Crypto.com CEO Kris Marszalek said his ultimate goal was to make his card available worldwide.
Kryptomoney Goes Plastic – Coinbase’s Visa Approved Solution Suggests Growth
Crypto cards can massively impact adoption
Kryptomoney credit and debit cards are now becoming more common, as they allow users to spend kryptomoney without going through the process of manually exchanging it into fiat currency.
A look at the best P2P exchanges available to swap your crypts
Today, millions of merchants around the world accept card payments, and Visa and MasterCard are the most common providers of payment services. By working with these payment solution providers to develop form of speeches / for another month / token sale last month / a fan-centric cryptocurrency / went into liquidation / first to report / as low as $3,867 / what is a blockchain? / revealed in mid-june / bitcoin satoshi vision or credit cards, crypto companies can make crypto payments as easy as fiat payments, facilitating adoption.
In addition, in February 2020, the crypto coin company Coinbase became a principal member of Visa, giving the company the authority to issue its own debit cards without having to rely on any third party.