Crypto.com Announces the Launch of its VISA MCO in Canada

Crypto.com, the leading payment platform for cryptocurrencies, announced the launch of its VISA card in Canada after receiving the necessary regulatory approval from the country.

Crypto.com Announces the Launch of its VISA MCO in Canada

The adoption of cryptocurrencies increases significantly

Crypto.com, the leading payment platform for cryptocurrencies, announced the launch of its VISA card in Canada after receiving the necessary regulatory approval from the country. VISA MCO cards may be reserved by citizens of Canada by completing a simple identity verification process on the Crypto.com application. Upon receiving and activating the card, each user will be able to recharge it with cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP) and MCO (native token of Crypto.com).

** Cointraker has announced in a blog post that the number of users of its platform has exceeded 100,000.

The announcement of the company is part of the expansion program of its VISA MCO card services worldwide. In 2018, the company began offering its services in Singapore and in July 2019 it launched in the United States. A few days ago, Crypto.com announced the expansion of its services in 27 countries of the European Union, among which are Switzerland, Norway, the United Kingdom and Iceland. Kris Marszalek, CEO of Crypto.com, stated that the company's goal is to expand its VISA MCO card services worldwide.

** Binance announced that they will launch their own cryptocurrency debit card.

The growth of companies offering cryptocurrency-backed financial services is a clear sign of growth in the global adoption of cryptocurrencies as a means of payment. Although it is true that traditional methods such as physical cards and the VISA transfer system continue to be used, it is clear that this is only the beginning and that the final objective is to achieve that people all over the world directly use their crypto addresses to make transfers without centralized intermediaries.