27th May 2020, 11:30:46 AM
Crypto spending is getting closer to Main Street with several blockchain-based companies making efforts to strike deals with traditional financial players like VISA and Mastercard.
Crypto.com is one of those firms that has recently announced an expansion to 31 new markets in Europe. Among others, Crypto.com has a deal with VISA that allows it to issue cards to its customers all around the world, from Asia to the United States, and now to Europe.
Crypto.com has been in the market for several years & was initially branded as Monaco at the time it raised over $26 million via an Initial Coin Offering or ICO, in mid-2017.
The progress was slow but, eventually, the start-up rebranded itself to Crypto.com and began issuing VISA cards in Asia, before expanding to other continents.
Crypto VISA and Mastercard, in general, have been available since 2017 but the companies behind the financial products suffered some setbacks due to regulation issues before taking a step back and rethinking their strategies.
In 2018 and 2019, most crypto card issuers made efforts to regulate themselves by following both the international financial standards like the Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations, as well as the regional & local rules.
Now, in 2020, all Bitcoin & crypto HODLers have the luxury to spend crypto much more conveniently compared to the very early adopters. They can now use a variety of VISA and Mastercard virtual & physical products to buy goods, subscribe to a variety of services, and yes even deposit on their favorite online casino platform.
There is no visible difference between spending crypto with a VISA or Mastercard and spending your local fiat currency online. All retailers, service providers, and online casinos like 777slotsbay will automatically accept your crypto card like any traditional VISA or Mastercard.
Compared to the traditional products, your crypto card is usually linked to a wallet app where you can transfer Bitcoin & all the major altcoins. From the app, you can buy & sell your cryptocurrency and top-up your card with funds that you can use anywhere VISA and Mastercard are accepted.
The transaction is as safe & reliable as any other traditional card payment.
Till now, Crypto.com card products generically called MCO VISA Card were available in all major Asian markets, in the United States, and in the United Kingdom.
In a recent blog, the crypto company announced a massive European inclusion: a total of 31 new markets where the cypherpunks can order the cards, including all 27 EU member states.
With MCO VISA Card, you can now top-up your balance not only with crypto & fiat but also with world-renowned payment services like Apple & Google Pay.
If you use the MCO VISA Card more, you will also have the chance to enter Crypto.com’s loyalty program that rewards you up to 5% cashback in crypto, as well as free premium subscriptions to services like Spotify, Netflix, or Amazon Prime.
You don’t need to worry about unreadable addresses and conversions; just choose VISA as your payment method of choice and complete the deposit as you would with a traditional fiat-based VISA card. And since you’re almost ready to make a deposit at 777slotsbay, do NOT forget to check out our exclusive Casino Bonuses page.
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