Crypto.com to Offer Crypto-to-Fiat Visa Debit Cards in Singapore and Hong Kong

Crypto.com, formerly known as Monaco, has applied to issue cryptocurrency Visa debit cards in Hong Kong, the blockchain startup said yesterday.

Crypto.com to Ship Over 100,000 Cryptocurrency Visa Debit Cards to Customers Globally
The Hong Kong-based firm is scheduled to ship more than 100,000 cards to customers worldwide over the next two months, reports the South China Morning Post.

Starting with Singapore, where it holds a stored-value facility license from the Monetary Authority of Singapore (MAS), the rollout of the Visa debit card taps an unexplored market. It will offer fiat and crypto wallets supporting BTC, ETH, LTC, MCO, and BNB on the side of virtual currencies, as well as the USD, SGD, and HKD on the side of fiat.

Kris Marszalek, co-founder and CEO of Crypto.com, explained how the company’s Visa debit card, which is issued in partnership with Germany’s Wirecard Bank, addresses the need for easy, secure, and affordable crypto-to-fiat transactions and withdrawals.

Read more here: https://www.newsbtc.com/2018/09/06/crypto-com-to-offer-crypto-to-fiat-visa-debit-cards-in-singapore-and-hong-kong/