Changelly and Cex Get New Competitor as Crypto.com Announces MCO Visa Card

When the CEO of Amazon Jeff Beroz was releasing the end-of-the-year report about the performance of the company, he made an observation of how creativity and competitiveness could improve the gains of a business.

Hong Kong-based cryptocurrency exchange Monaco, which was rebranded to Crypto.com, recently announced major news that sent waves of competition to exchanges like Changelly and Cex, since they are among the few exchanges that allow their users to purchase cryptocurrency with credit card. This announcement was made in TechCrunch in Zug, Switzerland, by the company that it has invented an enabled MCO Visa card that will be used for crypto purchase.

Kris Marszalek, CEO and co-founder of blockchain-based startup Crypto.com, made this revelation as he was at the conference to promote the card and also to educate the people on how important the card is to more than 40 million crypto locations for crypto to credit card exchange worldwide.

Marszaleck was interviewed by CNN money about the new card which he said he had just used to buy two coffees while holding up the signature obsidian black elite card. He explained that by downloading their app, which contains a wallet for both crypto and fiat currency, users will be able to use the cards anywhere Visa is accepted.

The CEO spoke of Crypto.com’s mission “to accelerate the global development, adoption, and transition to cryptocurrency,” and added that with the MCO Visa card they are not only bringing utility to holders of cryptocurrency but also providing a gateway for those interested in but as yet hesitant to get into the space because of its technical aspects or volatile nature.

The MCO Visa card is expected to be launched this summer. The card will be available initially to crypto users in US, Europe and Asia before it spreads to other continents.

Masrszeleck said, “We will strive to deliver impact worthy of the name and build infrastructure that enables growth of the ecosystem, delivering on the promise of a decentralized future.”


Contributed by: Nwaru Chukwuemeka

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