Crypto.com has signed a new business deal with Visa Inc (NYSE:V). This Hong Kong-based payment and cryptocurrency platform targets unveiling fiat lending against bitcoin. If possible, it will apply the same to the rest of the cryptocurrencies. According to Crypto.com, the Crypto.com Visa Card will streamline the service delivery and offer customers a great experience. Crypto.com I set to enjoy principal membership. In other words, the cryptocurrency platform will be able to tap into Visa’s network in Australia.
Crypto.com has witnessed significant growth so far
Crypto.com was launched in November 2018 in Singapore and has since then made tremendous steps in the business world. For example, the Crypto.com prepaid Visa Card featured among the most competitive cards linked to bitcoin.
Sources point to the Crypto.com prepaid Visa Card as one of the most effective Visa programs, and that is based on its coverage. The program covers about 31 markets spread out across the U.S, U.K, Europe, and Canada. It was in July last year that the Visa program launched in the U.S.
Crypto.com plans fop brighter days ahead
Crypto.com targets user experience improvement with its leading services, starting with how they will quickly make crypto conversions into their supported fiat currencies. Some examples of supported fiat currencies include the British pound, U.S. dollar, euro, and others.
Crypto.com says it is impressed with the steps it has made so far, considering customer empowerment. The platform pointed to how users make payments with their debit cards and also make cash withdrawals. However, the users will only accomplish the above activities in areas where the Visa is accepted.
The Visa principal membership is a step in the right direction because it sets Crypto.com on the path to engaging in the direct issuance of the Crypto.com Visa Card. The platform has its eye fixed on Australia, with plans to expand out to other new markets. Sources indicate that the company is currently focusing on strategies to ship cards in Korea, Middle East, Latin America, Japan, Africa, and Turkey. The company’s goal is to expand beyond the China borders.