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Crypto.com (MCO) reached the July 15 milestone to distribute crypto-spending cards to US-based users. The MCO cards unveiled their new design based on user demand and will be carried by Metropolitan Commercial Bank.
The MCO cards will carry no monthly or annual fees, and up to 5% cashback, along with airport lounge perks.
Kris Marszalek, Co-Founder and CEO of Crypto.com said:
“We are thrilled to announce our U.S. launch date and unveil our new card range with the Frosted Rose Gold card. Unrivaled perks and incredibly powerful Crypto.com App make the MCO Visa card a must-have card for every cryptocurrency holder in the U.S.”
The central hub for crypto spending is still the Crypto.com app, which can be used to reserve a card, and also verify one’s identity. The exchanges of crypto-to-fiat also happen through the Crypto.com app, to be able to load the VISA card. Otherwise, users can pay in a peer-to-peer fashion using cryptocurrency, through the Crypto.com chain.
Crypto.com, formerly Monaco, had a delay of around a year to launch its new cards, after the loss of the WaveCrest provider made the old cards unusable.
Following the news, the market price of MCO still sank toward $4.88, down 12% on the week, following a Monday sell-off across all coins. Cypto.com Chain (CRO) sank to the $0.07 range after touching 10 cents, following a token sale and Huobi International listing. Traders also noticed volumes that increased sharply just before the Huobi listing announcement:
The MCO card news arrives at a time of a shifting attitude for digital assets. Bitcoin (BTC) dragged down all prices as it sank below $10,200, with predictions of returning to the $9,000 tier.