According to a recent press release, Crypto.com told the media that its Visa card program has received regulatory approval from the Canadian government and that its cards will soon be available in the country.
Visa MCO cards are prepaid cards that can operate in a variety of cryptographic currencies including Bitcoin (BTC), Ether (ETH), Litecoin (LTC), XRP and Crypto.com’s native MCO token.
Previously, you had to use CryptoClubBTM vending machines to change your encrypted currency into cash. Either to sell your Bitcoin, Litecoin or Ethereum, or to buy Bitcoin in Montreal using cash.
Encrypted credit and debit cards allow users to use their encrypted currency without having to go through the process of manually exchanging cash, so they are being used more and more.
Today, card payments are accepted by millions of companies, with Visa and MasterCard being the most common payment service providers and can be used worldwide.