RECOMMENDATION - Crypto.com MCO VISA CARD

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Crypto.com is a pioneering payments and cryptocurrency company with a mission to accelerate the world’s transition to cryptocurrency. Crypto.com is working towards this goal with its portfolio of consumer products, including the Crypto.com Wallet & Card App, the MCO Visa Card, Crypto Invest, Crypto.com Chain, as well as Crypto Credit. The Crypto.com Wallet allows users to buy, sell, and pay with cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Binance Coin (BNB) and Crypto.com’s MCO and CRO Tokens.

The MCO Token Sale was conducted from May 18 to June 18, 2017 and raised over US$26.7 million. The MCO Token is traded on (21) of the largest global cryptocurrency exchanges. The MCO Token price is available online on the following widget.

On August 23, 2017, Crypto.com partnered with Binance to list the MCO Token on the Binance exchange, the first time the MCO Token was available for exchange. The MCO Token is now available on 21 cryptocurrency exchanges.

By December 2017, the MCO Token traded US$1B in volume - ranking #35 globally by monthly trading volume.
MCO Visa Card
Monaco visa card

The MCO Visa Card is live in Singapore as of October 2018.

Card Range: On August 31, 2017, Crypto.com unveiled five card options. The full portfolio includes Midnight Blue (classic plastic card), Ruby Steel, Rose Gold, Space Gray (Visa Platinum metal cards) and Obsidian Black (Limited Edition Visa Platinum metal card). On July 6, 2018, the portfolio was updated to remove the Rose Gold and Space Gray cards and add Jade Green, Icy White and Royal Indigo as Visa Platinum metal cards.

Visa Program Manager: Crypto.com announced on October 31, 2018 that they had received approval to begin issuing Visa cards to Singapore residents, allowing card holders to use the cards as payment at merchants accepting Visa.

Airport Lounge Access: Crypto.com has partnered with Collinson Group for the provision of LoungeKey™ to add airport lounge access for MCO Visa Obsidian Black, Icy White, Jade Green and Indigo Blue cardholders.

No Annual/ATM Fees: Crypto.com cards are free: card holders are not required to pay any monthly, annual or shipping fees. No ATM fees (subject to tiered usage limits).

More Travel Rewards: The MCO Visa Card allows eligible card holders to earn up to 5 percent crypto (MCO Token) cashback on all transactions, 100% purchase rebate on standard subscription plans for Spotify, Netflix, and 10% back on Expedia, and Airbnb.

Tap and Pay: Unlike many metal cards, users will be able to use the near-field communication (NFC) tap-and-pay functionalities for payments with their MCO Visa cards.

MCO Purchase and Hold (6 Month): The MCO Visa Cards are only available to MCO Token holders. The Ruby Steel card is available with a 6-month deposit of 50 MCO, while the Royal Indigo and Jade Green cards are available for a 6-month deposit of 500 MCO. Icy White cards are available with a 5,000 MCO 6-month deposit, and Obsidian Black cards are available to reserve for those depositing 50,000 MCO for 6-months.

Private: Crypto.com’s concierge service, Private, caters to the MCO Visa Platinum Obsidian Black and Icy White cardholders. Its services are tailored to the needs and interests of high-net-worth clients in the crypto space.

Platinum Referral Rewards: To participate in the program, each user starts by reserving a MCO Visa Card which requires the staking of MCO Tokens based on the card reserved. Each user can then invite friends to the Crypto.com App and gift them MCO Tokens with special referral links. Users are able to gift up to 10,000 USD to up to 100 friends, the equivalent of 100 USD per referral.
Wallet

Crypto.com’s mobile app was introduced on August 31, 2017 for card reservation for both Android and iOS users to download via Google Play Store and Apple Store. The current Wallet App began closed beta testing on March 12, 2018 and launched May 16, 2018. Through Crypto.com’s Wallet & Card app, users can purchase bitcoin, ether, Litecoin, Ripple, Binance Coin, MCO tokens, and USDM to hold as investments or use as forms of payment. The app also accompanies the MCO Visa Card to track and manage transactions.

On October 4, 2018, Crypto.com introduced EUR bank transfers from accounts in the Single Euro Payments Area (SEPA).

On February 21, 2019, Crypto.com launched its Vortex Trading Engine which pools liquidity from major exchanges globally and routes orders to them to ensure the best execution price with no fees and no markups.
Crypto Invest

On October 11, 2018, Crypto.com launched Crypto Invest after announcing the feature on CNBC Asia’s Squawk Box in January 2018.

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