HomeNewsMajor Fintech Firm to launch crypto-linked Visa Cards in Australia

Major Fintech Firm to launch crypto-linked Visa Cards in Australia

The global fintech firm Crypto.com is set to accelerate its growth in Australia as the firm announced the direct issuance of the Crypto.com Visa Card down under.

The global cryptocurrency platform Crypto.com is set to accelerate its growth in Australia. Starting with the direct issuance of the Crypto.com Visa Card in Australia, the company is unveiling a raft of new initiatives and a senior appointment to boost engagement as the local market becomes ripe for disruption.

Moreover, the firm noted that it is focused on increasing the practical use of cryptocurrency in everyday life by offering an accessible, secure, and regulatory-compliant crypto platform. Beginning this month, Crypto.com will also start offering virtual cards in Europe, allowing users to instantly begin spending without waiting for the physical card to be in hand.

Cardholders will be able to access crypto in their Crypto.com crypto wallet as collateral for a loan and instantly spend fiat anywhere Visa is accepted. And also, with low-interest rates and flexible repayment options, Spending Power will make the Crypto.com Visa Card unmatched among credit and debit cards.

Furthermore, a significant part of this plan is the appointment of industry veteran Karl Mohan. And to appoint him as its new General Manager for Asia-Pacific (APAC). Based in Melbourne, Mohan joins Crypto.com with over two decades of experience in financial services. And in payment, and business consulting, including the launch of ZipPay globally. 

“Australia is ripe to adopt cryptocurrency and blockchain technology.” – Karl Mohan

In addition to this, He threw in some statistics like every one in five in Australia are currently holding crypto in their portfolio. By saying this, he told us the aims of the company; And they are committed to working collaboratively with regulators now and into the future.

Available in more than 30 countries across North America, Europe, and Asia, the Crypto.com Visa Card is among the world’s most popular crypto-linked cards. Visa has also been in the news recently regarding its worldwide partnerships. Last month, The financial giant proposed a new program for CBDCs and when the company released its API for banks to sew in their infrastructure.

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