Hong Kong based company Crypto.com, previously Monaco, has created a new cryptocurrency enabled MCO Visa card. CEO and co-founder Kris Marszalek spoke about the card at the TechCrunch conference in Zug, Switzerland.
According to Marszalek, the card allows users to spend cryptos in over 40 million locations, while offering benefits that rival the world best credit card. Benefits of the card include cash back rewards, referral bonuses, and airport lounge privileges
The card available in ice white for people who purchase 5,000 MFO tokens, or obsidian black for those who purchase 50,000 MCO. Each card contains a wallet for both cryptourrency and fiat, and can be used anywhere Visa is accepted.
MCO Visa will accelerate adoption of cryptos
Marszalek spoke about the company’s mission “to accelerate the global development, adoption, and transition to cryptocurrency”. He said the MCO Visa card would provide a gateway for people who are interested in cryptos, but hesitant to use them due to the technical aspects.
The card is currently finishing testing and will soon be available in Asia, Europe and the U.S. It is expected that the official launch will take place latea this summer.