- Summary:
- Crypto.com has become Visa's associate program member in Singapore. Find out what this means and its implications for crypto enthusiasts.
Crypto.com has today announced that it has joined Visa’s associate member program in Singapore. The establishment of this key alliance will pave the way for the company to begin in-market self-issuance of the Crypto.com Visa card. Customers can use the card for regular purchases and gain access to a range of perks and CRO Rewards based on their card tier.
The need for crypto cards and how Crypto.com is leveraging them
With Crypto.com’s self-issuance of cards, Singaporean customers of the Crypto.com Visa Card may look forward to new and innovative payment capabilities and digital services being offered in the future. More than 80 million retailers across the world accept Visa, making the Crypto.com Visa Card among the most widely used crypto debit card in the world. By issuing the card themselves, the exchange’s clients will have more options for using cryptos as a payment method.
Having worked with Visa for quite some time, Crypto.com is now able to provide its customers with a number of different crypto cards. With 70 million users, it is crucial for the corporation to provide them with multiple payment options. As of this writing, Visa is accepted by more than 80 million businesses throughout the world. Debit cards that can be loaded with cryptocurrency are thus a valuable tool since they facilitate the use of digital currencies within the conventional financial system.
In the meantime, the collaboration between Crypto.com and Visa has reached a new high. The latest phase is a collaboration between the exchange and the payments processor to provide NFT incentives related to the upcoming FIFA World Cup in Qatar. In accordance with the conditions of the partnership, Crypto.com will be the only place where fans may win Visa-sponsored NFTs. The FIFA World Cup starts on November 20th 2022 and hundreds of millions of football fans will be keenly following arguably the world’s biggest sporting extravaganza. You can read more about the partnership here.