Crypto.com has revealed that its MCO Visa card has been approved for introduction across Europe. The news will enable millions of cryptocurrency holders within the EU to utilize the popular Visa card and mobile application. As of May 15, 2020, Crypto.com’s MCO card is shipping in Europe.
The metal MCO Visa (NYSE:V) card enables holders to earn up to 5% cashback, disbursed in crypto, every time holders shop in-store or online. In a promotional video released back in March, Crypto.com teased at the introduction of its European service, before tweeting confirmation of the roll-out on May 15. In an accompanying blog post, Crypto.com explains how European residents can apply for a card within the Crypto.com app, with the onboarding process taking around three minutes. Upon taking receipt of the Visa card, shoppers can use it anywhere Visa is accepted, while earning up to 5% cashback on their transactions.
From Monaco to Europe
Formerly known as the Monaco card, Crypto.com’s MCO card is now available in the US, Europe, and multiple APAC countries. Cashback ranges from 1-5% across the five tiered MCO cards that are available to order. Up to $120,000 a year can be withdrawn from ATMs using the MCO card. The arrival of the MCO card in Europe will introduce a major player that had hitherto been absent from this lucrative cryptocurrency market.