New Free Metal Card With Crypto Perks to Be Launched in the US

On November 16, the Hong Kong-based blockchain startup Crypto.com announced that it is planning to issue its prepaid card, MCO Visa Card, in the United States.

The company says the card has been approved for launch in partnership with its local bank partner Metropolitan Commercial Bank.

Its metal cards promise up to two percent token rewards with its native MCO token, airport lounge access, tap-and-pay functionality, as well as competitive interbank rates.

Convert crypto to fiat with a few tapsAccording to Crypto.com, users of the MCO Visa Card can easily convert their crypto to fiat using the mobile wallet to be spent at over 40 million locations worldwide, online and offline.

The company highlights that users need to exchange crypto to fiat currency first via Crypto.com's Wallet before transacting.

The company began shipping cards to Singapore users in October, and says it currently has reservations for over 100,000 cards.

The company's official announcement quotes Mark DeFazio, President and CEO of Metropolitan Commercial Bank, who said that they are pleased to work closely with Crypto.com, as "The MCO Visa card is quite unique and provides a bridge between the traditional banking and cryptocurrencies in a safe and compliant way."

Card reservations are made through a Crypto.com's Card & Wallet App available for iOS and Android users.

Crypto Credit, which is not yet released, will allow customers to "Spend crypto without selling."

Crypto.com Co-Founder and CEO Kris Marszalek said, "Our vision is to put cryptocurrency into every wallet, and the upcoming card roll out in the United States is a huge step in that direction.