Hong Kong-based cryptocurrency platform Crypto.com announced on Friday its MCO Visa card is now shipping to a total of 31 countries in Europe. The platform claims it is the only crypto card provider offering cards in Asia, the full EU, and the U.S.
Crypto.com reported its 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. The platform is now shipping its cards to 31 markets in Europe, including all 27 EU member states, an addressable market of nearly 530 million people.
Crypto.com also reported that its broad European card launch comes after card launches in the UK and the U.S. It was noted that the U.S. card supports both crypto and fiat top-ups and is now compatible with Apple and Google Pay. Crypto.com further explained:
“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 added it 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.