With availability in 31 new markets in Europe, Crypto.com’s card becomes the most widely available crypto card in the world
Today, Crypto.com announced 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 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. 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 now shipping its cards to 31 markets in Europe, including all 27 EU member states, an addressable market of nearly 530 million people.
Kris Marszalek, Co-founder and CEO of Crypto.com said: “Since we first shipped our MCO Visa card in 2018, we have been rapidly moving into new markets and growing our user base. 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.”
Crypto.com has seen significant traction in Europe recently and has taken a number of steps to expand its presence, including hiring Mariana Gospodinova as general manager of the region. The team has bolstered its regulatory compliance within the complex payments ecosystem and launched local communities supporting most EU local languages for better access to instant feedback and support. Additionally, the company earlier this month announced a new $100M insurance policy that brings Crypto.com’s total crypto insurance to an industry-record $360M, providing an additional layer of protection for its 2+ million user base. Crypto.com has already seen thousands of reservations for the MCO Visa card from users across the EU and the Crypto.com app has reached top 50 in the Finance category in the UK, France, Italy and Spain
Crypto.com’s broad European card launch comes after successful card launches in the UK and the United States. The U.S. 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 facing 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.
MCO Visa Card is issued by Wirecard Card Solutions Ltd (“WDCS”) pursuant to licence from Visa. WDCS is authorised by the Financial Conduct Authority to conduct electronic money service activities under the Electronic Money Regulations 2011 (Ref: 900051)