Crypto.com entered the US market, and the company will offer MCO Visa cards to American customers shortly.
The cards will be issued by the Metropolitan Bank which is a new entity based in NYC and which has a publicly traded parent company – Metropolitan Bank Holding Group.
Crypto.com announced the news on Twitter.
Co-founder and CEO of Crypto.com, Kris Marszalek thanked the Metropolitan Commercial Bank for sharing their vision and said that the market demand for the cards is high.
He also said that the company is currently working to bring the cards to the customers as soon as possible.
Metropolitan Commercial Bank’s president and CEO Mark DeFazio said that the bank was pleased to work with Crypto.com and their subsidiary Foris Inc. to bring this innovative product to the US market.
“This program speaks directly to The Entrepreneurial Bank spirit that we have and seek to promote. The MCO Visa Card is unique and provides a bridge between traditional banking and cryptocurrencies in a safe and compliant way,” he said.
Coming to America! @cryptocom is excited to announce that our MCO Visa Card has received the green light for launch in the United States. Another step towards our mission of accelerating the world’s transition to #cryptocurrency. Find out more: https://t.co/93SDxFsI39 pic.twitter.com/eCInGKRq3r
— Crypto.com (@cryptocom) November 16, 2018
MCO Visa Card benefits
The MCO Visa Card was launched in Singapore. It’s a prepaid card that’s made from high-end metal, and it’s free from any monthly/annual fees. It also provides airport lounge access-, there are no fees for ATM withdrawals, there’s a tap-and-pay functionality, and it also comes without fees for foreign transactions.
Interested people are able to make a reservation on Cryptop.com Wallet & Card app. The process is straightforward, and it also involves ID verification.
Customers are also able to use the wallet to manage the use of their cards, keep track of transactions and freeze/unfreeze cards.
More than 100,000 cards have been reserved from all over the world, and the company’s entry in the markets in the US means that there are probably more reservations just around the corner.