Crypto.com card products are active in Latin America as Crypto continues to pursue its vision of becoming a one-stop shop for cryptocurrency adoption in every region of the globe. This launch extends the famous crypto-connected rewards card to a region where cryptocurrencies are regarded as a portfolio hedge against economic uncertainties and dictatorships.
The Crypto.com Visa Card allows one to add money to the Crypto.com card by either depositing cryptocurrencies from another cryptocurrency wallet or depositing Fiat money through the Crypto.com app. The card is available in seven tiers, offering a range of rewards, including:
Thus, the Crypto.com Visa Card has no annual or monthly charges for the different tiers for users interested in cryptocurrencies.
However, Chainalysis states Latin America has the seventh largest crypto economy globally, with 7.3 % of the market. People in all the region’s countries embrace cryptocurrency as a safeguard against the further depreciation of official money and/or financial unpredictability.
Eric Anziani, President and COO of Crypto.com, highlighted the growing demand for crypto solutions in the region:
“The Crypto.com Visa Card enables Latin American users to get huge cashback in cryptocurrency, cashback on regular subscriptions, and much more.”*
Crypto.com Visa Card Launch Aims to Drive Cryptocurrency Adoption in Latin America
The card operates like regular prepaid debit cards but is assorted with cryptocurrency to guarantee its adoption by recreational and conventional cryptos. This launch is in line with Crypto.com’s development plan for the year 2025 and indicates the company’s desire to combine products and create new services for the world market.
The Crypto.com app launched on Monday, and users in eligible Latin American countries could apply for the card.
Cryptocurrency demand continues to rise in Latin America, so the launch of the Crypto.com Visa card is intended to encourage the use of cryptocurrency in ordinary purchases. This could raise the area’s level in the international crypto economy, as it would add worth and interaction with cryptocurrencies.
This news is republished from another source. You can check the original article here