Crypto.com Card Program Receives Green Light for Canada
Crypto.com, the pioneering payments and cryptocurrency platform, announced that it is preparing to roll out the MCO Visa Card program in Canada, following launches in Singapore (Oct 2018), the United States (July 2019) and Europe (April 2020).
The MCO Visa Card is a prepaid card that features high-end metal cards with no annual or monthly fees, airport lounge access for select cards, no-fee ATM withdrawals, contactless pay functionality, and no foreign transaction fees.
Reservations for the MCO Visa Card may be made using the Crypto.com App which includes a three-minute customer onboarding process including ID verification. Using the App, customers are able to manage their card usage, transactions, and freeze or unfreeze their card with a single tap. The App also allows users to securely buy, sell, store, send, and track cryptocurrencies – allowing users to spend fiat currency converted from cryptocurrency without currency exchange fees.
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Notes: All MCO Visa Card transactions are denominated in fiat currency. All cryptocurrency exchanges to fiat currency take place before users may use their MCO Visa Card to transact on the Visa network.
Use of the Card is subject to the terms and conditions of the applicable Cardholder Agreement and fee schedule, if any. ATM bank fees may apply.