RATE Group | Asia’s First Cryptocurrency Visa Debit Card Coming To Singapore
41282
wp-singular,post-template-default,single,single-post,postid-41282,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Asia’s First Cryptocurrency Visa Debit Card Coming To Singapore

05 Sep Asia’s First Cryptocurrency Visa Debit Card Coming To Singapore

Posted at 17:52h in Cryptocurrency News by

[ad_1]

A Hong Kong based blockchain startup is preparing to roll out the region’s first cryptocurrency Visa debit card. It has applied for licenses and plans to issue 100,000 cards starting in Singapore over the next two months.

Crypto.com, previously known as Monaco before a name change in July, also plans to apply for money lending licenses in Singapore and Hong Kong before expanding its crypto debit card services to include crypto backed money lending. Company co-founder and CEO, Kris Marszalek, said;

“To holders of cryptocurrencies, having the peace of mind that you can readily convert back into fiat currencies and cash out is very important. Not all exchanges support crypto-to-fiat transactions, and even if you hold your digital assets at the exchanges’ wallet, the withdrawal process is also complicated. We believe our product addresses a real need, and enhances trust in digital assets,”

According to the SCMP holders of the firm’s crypto debit cards and users of its crypto…

[ad_2]

Source link