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MCO Cards come to Canada

Crypto.com, one of the world’s largest cryptocurrency solution providers, is expanding its reach for one of its flagship products. MCO cards will now soon be available in Canada, after the payments platform recently revealed that it had received approval by the Canadian regulators to issue MCO cards in the country. This comes on the back of the company’s MCO cards service being made available across 27 countries in the European Union, along with Switzerland, Iceland, Norway and the United Kingdom.

MCO cards are prepaid Visa cards which can be loaded with various cryptocurrencies, including Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Ripple (XRP) or even Crypto.com’s native MCO token. Such cryptocurrency credit and debit cards allow customers to use cryptocurrencies directly without having to first convert them into fiat currency, and thus are growing in popularity. With Visa as the card provider, MCO cards can be used seamlessly at any business which accepts Visa or MasterCard, with the transaction going through as it would for any card transaction. The only difference will be that the user will be making the payment in a cryptocurrency, but this will not affect the business as they will receive their payment in the fiat currency. Thus, these cards can be used like regular cards in everyday life, and thus are extremely attractive for existing cryptocurrency buyers and users, who can now use the MCO card and be able to have their crypto stashes be used for regular payments and everyday needs.

At the same time, many businesses, especially online, have already begun accepting cryptocurrencies as a form of payment. One of the sectors which has accepted cryptocurrency payments the most is the online gambling sector. Most gambling platforms across the world will offer users the option to use some form of cryptocurrency to make their payments or even cash out their winnings, and such bitcoin casino websites are extremely popular, and growing in number every single day. Some e-commerce websites and other online shopping portals have also begun offering users the option to use cryptocurrencies, and this form of payment is slowly gathering pace and becoming a mainstream and legitimate option for consumers, and not just an investment vehicle for savvy investors looking to diversify their portfolios and earn high returns.

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Canadians wanting to order their cards from Crypto.com have a very simple process to go through. The three-minute process requires them to verify their ID on the Crypto.com app, and then be onboarded as a potential customer, with the card then being shipped to them within a few days. At the same time, Crypto.com also announced that its users in the United States could begin using Apple Pay and Google Pay with their cards, making it even more seamless for those users, and allowing them more options to load their MCO cards with cryptocurrencies or the MCO tokens. Other benefits for users, including Canadians, include zero annual or monthly fees, airport lounge access for the higher-end card versions, zero-fee withdrawals from ATMs, zero foreign currency transaction fees, and contactless payments. Thus, the card is like a high-end credit card, with the added bonus of being able to use cryptocurrencies in daily life. Users can also use the Crypto.com app to track their card usage, while also being able to buy, sell, send or store cryptocurrencies, thus allowing them to convert fiat money to cryptocurrencies and vice-versa without any currency exchange fees. The card itself is made out of high-end metal, reinforcing the premium appeal of the card.

These features make the MCO card one of the leading and best options for crypto holders looking for solutions to be able to use crypto in daily life. The card makes it simple for them to be able to use their crypto like regular money, and thus use it to pay for everyday items and services, with the payments being made in fiat currency after being converted from the user’s crypto holdings. With a plethora of other features as well, the MCO card can serve as a high-end credit card for users, with the added bonus of the ability to monetize cryptocurrency holdings and make it an option for everyday use and payments.

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Sam Conley

Sam Conley is new to online journalism but she is keen to learn. She is an MBA from a reputed university. She brings together relevant news pieces from various industries. She loves to share quick news updates. She is always in search of interesting news so that she can share them as well to Sunriseread's readers who could enjoy them with their morning coffee.

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