Crypto.com signed a global partnership with Visa and selected as a major member
Crypto.com, a cryptocurrency payment and financial platform, announced on the 19th that it has entered into a global partnership with Visa, the world’s largest credit card company, and has been selected as a major member of the Australian Visa Network.
Through this partnership, Crypto.com plans to take the lead in adopting cryptocurrency payment solutions around the world by expanding the scope of its Visa Card service.
Crypto.com Visa Card is the industry’s largest Visa card program currently available in the United States, Canada, 31 European countries and the Asia Pacific region. As a key member of Visa, Crypto.com will be able to issue Crypto.com Visa cards directly in Australia.
Crypto.com said, “We plan to further expand the issuance of Crypto.com Visa cards to markets and customers that do not yet support the Visa card issuance service.”
Crypto.com plans to provide virtual cards in Europe starting this month, allowing users to make payments immediately without waiting for physical card delivery.
In addition, Crypto.com plans to launch a’Spending Power’ service that allows you to borrow cryptocurrency as collateral through Crypto.com Visa Card.
Through the Spending Power service, cardholders can borrow cryptocurrencies from Crypto.com wallets as collateral, and make instant payments like cash at all Visa merchants.
Crypto.com explained, “With Spending Power’s low interest rates and flexible repayment period options, Crypto.com Visa Card will become a card that is unmatched by other credit and debit cards.”
Kris Marszalek, Crypto.com Co-Founder and Chief Executive Officer (CEO), said, “We are pleased that Crypto.com, which has been a Visa partner for several years, has a deeper relationship with Visa.” “We will become a major member of the world leader in payment and accelerate the popularization of cryptocurrency.”
He added, “Through the Spending Power service, Crypto.com card users will be able to use their cryptocurrency more efficiently.”
“Digital currency has the potential to further expand digital payments,” said Cuy Sheffield, Director of Cryptocurrency, Visa. “We want to work with companies that realize this vision.” “It will be faster and easier for people around the world to use digital currency,” he said.
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Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.