The Crypto-Backed MCO Visa Card Is Coming to the United States
Just weeks after launching in Singapore, Crypto.com (MCO), the payment and cryptocurrency platform formerly known as Monaco, announced today that the MCO Visa Card will be coming to the United States via a partnership with Metropolitan Commercial Bank.
Coming to America! @cryptocom is excited to announce that our MCO Visa Card has received the green light for launch in the United States. Another step towards our mission of accelerating the world’s transition to #cryptocurrency. Find out more: https://t.co/93SDxFsI39 pic.twitter.com/eCInGKRq3r
— Crypto.com (@cryptocom) November 16, 2018
According to the announcement, the MCO card features a metal design with no annual or monthly fees and connects to a companion app where users are able to store a variety of digital currencies that can be instantly exchanged for fiat in real-world transactions.
“We are thankful for the support of Metropolitan Commercial Bank in sharing our vision,” said Kris Marszalek, co-founder and CEO of Crypto.com. “The market demand for the MCO Visa Card has been overwhelming and we look forward to bringing it to customers as soon as possible. This is another important step towards our mission of accelerating the world’s acceptance of cryptocurrency.”
The US launch announcement comes several weeks after the company announced the addition of XRP to its MCO wallet, which also includes support for bitcoin (BTC), ether (ETH), Litecoin (LTC), and Binance Coin (BNB).
MCO is up over 5.3% on the news to $3.87, giving the project a $60 million market cap and making it the 64th largest coin in the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.