Crypto.com has just announced that it will be expanding its existing cooperation with Visa, the global payments platform. The partnership will make Crypto.com a principal member in Visa’s Australian network.
While Crypto.com already offers its services to people in more than 30 nations, this partnership will allow Crypto.com to expand into new markets. In addition to added availability via this partnership, Crypto.com has also recently disclosed that it is planning to offer fiat lending with crypto collateral.
At the moment, Crypto.com offers its services to people in the US, Canada, and also 31 countries in Europe and APAC. With its new partnership, Crypto.com will become a direct issuer of the Crypto.com Visa Card in Australia.
Crypto.com is Expanding
Crypto.com has long been a leading force in the crypto industry and has offered hundreds of millions, if not billions of people the opportunity to use their crypto holdings like cash. The Crypto.com MCO Visa card works just like any other Visa debit card and can be used in millions of Visa locations globally.
With the announcement of the expanded partnership with Visa, Crypto.com hopes to expand its service offerings in to nations that are currently not served and also deliver new features to the markets where Crypto.com is currently operating.
Kris Marszalek, Co-founder and CEO of Crypto.com, commented,
“Having been a Visa partner for several years, we’re excited to deepen that relationship with a slew of world-firsts. Signing the global partnership with Visa and becoming a principal member with the world’s leader in digital payments affirms our commitment to accelerate the world’s transition to cryptocurrency. I’m also excited to deepen our relationship with our customers via direct-issuance of cards around the world and roll-out Spending Power — allowing them to access the value of their crypto today.”
As a part of this expansion, Crypto.com is offering clients in the EU instant virtual debit cards, so…