Posted 2 years ago | by Ben Armstrong
Crypto.com is Solving Adoption
Wouldn’t it be great if you could convert your crypto assets into a way to buy the things you need everyday, and get useful products with Bitcoin? Today. that is possible with Crypto.com cryptocurrency cards.
Cryptocurrency is a fast-growing technology which is providing financial freedom around the world and gaining popularity rapidly, but is has been difficult to buy the things you need everyday with Bitcoin. Crypto.com has the answer, and it comes in the form of a slick new Visa debit card.
There are many reasons why using cryptos makes sense. If you do business internationally, cryptos allow you to send money fast, and not deal with exchange rates. People in advanced economies can also use cryptos to offset the risk of currency debasement, which is becoming a real issue in nations like the USA.
While cryptos make a lot of sense at a commercial and investment level, they have been hard to use like cash. Crypto.com has created an easy to use app that is paired with a Visa debit card. Once you set up your account, you will be able to use your cryptos like cash at any retailer that accepts Visa debit cards.
Card Tiers Offered by Crypto.com
Crypto.com has several tiers of Visa debit cards that come with loads of benefits, including cashback on every purchase. Keep in mind that clients can take out as much money per month as they like, the ATM limits described below simply refers to the amount that can be taken out without the addition of a 2% fee.
Midnight Blue card (Free)
The Midnight Blue card does not have any limits for the customer to stake any specific amount of MCO tokens. The Midnight Blue card can be considered an entry-level debit card product for Crypto.com users which provides 1 percent card cashback.
This card tier limits clients to withdrawals of more than $200 USD per month, or the exchange of $2000 USD without extra fees. The ATM withdrawal fee is 2% after the cap is hit, and the Interbank fee is 0.5 percent once the $2000 USD limit is exceeded. The card is also equipped with NFC technology.
Ruby Steel card (50 MCO)
To be eligible for this beautiful reddish metal MCO Debit Card you would have to lock 50 MCO tokens up for 6 months. The Ruby Steel card has the advantage of offeting clients 2% cash back on all card spending, with a $400 USD monthly withdrawal limit and an Interbank limit of $4,000 USD per month.
The Ruby Steel card also gives a referral commission of 10%, a bonus up to $100 USD, and 50% discount on investment fees. The annual ATM withdrawal limit for the Ruby Steel Card is $50,000 USD. Overall this tier is probably a pretty good choice for most personal users.
Jade Green/Royal Indigo card (500 MCO)
The Jade Green/Royal Indigo card tier becomes unlocked when a clients stakes 500 MCO tokens for at least for 6 months. These two vibrant colors cards have the same benefits and limits. The cashback rewards upgrade with this tier to 3% on purchases for the card and 0.4% for the wallet.
By getting the MCO Jade Green or Royal Indigo card the maximum amount that can be withdrawn without fees is $800 USD per month, and the Interbank cap is set at $10,000 USD with this card tier. Access to LoungeKey airport lounges is also included with this card!
Icy White card/Rose Gold card (5,000 MCO)
The Icy White & Rose Gold pretty card has impressive benefits. This tier starts at 5000 staked MCO tokens. The cashback rewards are raised to 4% on all card spending, and the wallet' cashback rate is 0.8%. Additionally, the referral bonuses get up to 20% and $80 USD each for introducing 50 friends.
Clients also get a 10% discount on Expedia bookings plus LoungeKey Airport Lounge Access including one guest. Another surprising thing is that No Extra Fee and ATM withdrawal limit $1,000 USD per month and an interbank exchange rate monthly limit of 20,000 USD.
Obsidian Black card (50,000 MCO)
The Obsidian Black card isn't one that is going to be a good fit for average consumers. Getting into this card tier will require a client to stake a minimum of 50,000 MCO tokens for 6 months. The cashback rewards grow to 5% for this black card, and to 1% for the wallet.
The referral bonuses increase to 25% and $100 USD each for 100 friends. It also offers 10% discount on Airbnb and 10% discount on Expedia. The ATM limits remains same like icy white which is $1000 USD but the monthly Interbank volume becomes unlimited.
Good News: Crypto.com is now offering 100% Spotify and Netflix rebate starting from 50 MCO for 6 months on all cards, which you can enjoy For Free!
Crypto.com has Lots of Options
In addition to offering a range of cards for its clients, Crypto.com gives its clients lots of flexibility when it comes to how they bank, and what currencies can be used!
Cryptos Connected to MCO Cards:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Ripple (XRP)
- Monaco (MCO)
Supported Currencies by MCO Cards
- Singapore Dollar (SGD)
- Euro (EUR)
- Australian Dollar (AUD)
- Hong Kong Dollar (HKD)
- Japanese Yen (JPY)
- Great Britain Pound (GBP)
A Realistic Way to Use Crypto Everyday!
Crypto.com is working to make great card products that can be used for everything from small purchases, all the way up to commercial jobs. Here at Bitboy Crypto, we know that cryptos are here to stay, and companies like Crypto.com are making the cryptocurrency revolution a reality.
You don't have to stay locked into a banking system that gives you no direct ownership over you assets anymore. Now, you can use cryptos to take care of your daily needs, and use a great looking card from Crypto.com to make it happen.
Get into Cryptos With Crypto.com Visa Debit Cards
One of the biggest perks about the platform that Crypto.com created is the fact that it allows its clients to load their Visa debit card with US dollars, which are then covered by the US Government's deposit guarantee insurance. All accounts at Crypto.com are FDIC insured, and you will have access to real-time support with most card tiers via the native app.
While there are other neobank options out there that allow users to hold derivatives that are linked to crypto prices, Crypto.com made their platform much safer. Clients on its platform hold cryptos in their own wallets, and also hold US Dollars in FDIC insured accounts.
It is difficult to find a better option in the marketplace for people that want to hold decentralized digital assets, and also want to use them to buy everyday things in the physical economy. If you want to get into cryptos, and don't want any hassles with spending you tokens in your favorite stores, check out what Crypto.com has crafted just for you!
Disclaimer: This article does contain referral links that help support the free content provided by this website