After spreading its tentacles across Europe, Crypto.com is now set to add Canada to the list of countries it caters for.
Crypto.com announced this after gaining certification from the regulatory bodies. This is expected to kick off very soon.
This would mean Canadians can top up their MCO Visa Cards with cryptocurrencies such as Bitcoin, Litecoin, Ether, XRP and MCO, which is Crypto.com’s token.
The process for obtaining one is easy. With the Crypto.com App, it takes less than five minutes.
Canada is one of the 27 selected countries to get this favor from Crypto.com. Others include Norway, the UK, Iceland and Switzerland. Singapore and the US are already benefiting from this.
Crypto.com believes its card is one of the most widely used across the globe. The CEO, Kris Marszalek, says they won’t rest until everybody in the world can have access to it.
Crypto cards present brighter hope for cryptocurrencies
The importance of debit and credit cards for cryptocurrencies cannot be overemphasized. At least, they will make transactions easier without having the need to exchange it for fiat currencies.
There is almost no globally recognized merchant that does not accept card payment either from MasterCard or Visa. Having a crypto card developed with the help of either of these giant companies will help cryptocurrencies to be more widely accepted.
Cryptocurrency debit and credit cards are now becoming more common as they allow users to spend cryptocurrencies without going through the process of manually exchanging them into fiat currency.
Few months ago, (in February 2020), Coinbase took a similar step by partnering with Visa to create its own debit card.