Digital currencies and their underlying technology are increasingly becoming popular. They are gradually gaining grounds in the world. Their use cases are on the rise, and more individuals and firms are beginning to adopt them. Digital currencies, such as Bitcoin (BTC), XRP (XRP), Ethereum (ETH), etc., have seen a lot of use cases in the U.S.
More businesses are beginning to accept digital currencies as forms of payment. This has led to the development of more payment terminals and applications that support digital currency payments. One of the most anticipated crypto payment gateways is “MCO Visa crypto card,” and it is about to launch in the U.S.
Crypto.com Gets the Approval It Needs to Launch Visa Crypto Card in the U.S
Crypto.com, which was initially known as Monaco, recently achieved a great milestone. The firm recently announced that it had been given the approval to launch its debit and credit card that supports digital currencies. This would enable digital currency users to spend their digital currencies wherever Visa is accepted.
MCO Visa Card Rolls Out in the U.S after Launching in Singapore
The rolling out of the MCO Visa Card program in the U.S accompanies the recent launch of the program in Singapore back in October. The program is launched through the affiliate Foris Inc. of Crypto.com and the Metropolitan Commercial Bank. With the Wallet Application, users can manage their card usage. They will be able to carry out transactions. They can also freeze and unfreeze their credit or debit card with just a tap.
About the MCO Visa Card
According to the firm, the MCO Visa Card is a prepaid card. The card will not incur monthly or yearly fees. Customers will not be charged for ATM withdrawal fees. There will also be no foreign transactions fees. At the moment, the card supports only five digital currencies. The supported digital currencies are Bitcoin (BTC), XRP (XRP), Ethereum (ETH), Binance Coin (BNB), and MCO.
The firm said it would increase the number of supported digital currencies in the near future. The card comes in six different colors. It also features an amazing design and an aesthetic feel.
How the MCO Visa Card Works
The MCO Visa card is very easy to use. Users just need to load their digital currency onto their Visa card and convert it to their local currency. Immediately a user does that; the MCO prepaid Visa card can be used everywhere Visa cards are accepted, including restaurants, retails shops, and ATMs.
The MCO Visa card is not the first of its kind. Other cards with similar functionalities are already in existence. BitPay Card is one of such. BitPay Card is a prepaid Visa card that lets users load BTC and convert it to U.S dollars in a matter of minutes via a linked Bitcoin (BTC) wallet.
Bitcoin (BTC) Price Today – BTC / USD
# Name Price 24H % 1 $7,919.42
Wirex Visa also has similar features. It lets users convert and spend digital currencies including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and XRP (XRP) like fiat currency. So far, the total number of MCO Visa cards reserved across the globe is 100,000, according to the firm.