About

Crypto.com is on a mission to accelerate the world's transition to cryptocurrency. The project's goal is to democratize blockchain technology by designing beautiful, simple and useful financial services that have a lasting, positive impact on people's lives while focusing on the accessibility and spend-ability of cryptocurrencies.

History

Cryptocurrency payment cards are nothing new in the blockchain ecosystem, but Crypto.com has taken a more pragmatic approach towards its branding. Instead of framing its value proposition as a cryptocurrency payment card, it is framing it more along the lines of a complete payment experience. Compared to many legacy payment cards with large currency conversion fees, Crypto.com will give all its customers perfect interbank exchange rates regardless of which currency is used. This is made possible by the low overhead required to manage the payment infrastructure as most of the work is outsourced to bitcoin and ethereum.

Crypto.com offers 5 different products:

MCO Visa Cards are range of Visa approved prepaid cards with a range of benefits including a selection of metal cards with no annual/monthly/delivery fees, up to 5% cash back (paid in MCO), unlimited airport lounge access, 100% rebates on Spotify and Netflix subscriptions, 10% back on Airbnb and Expedia purchases. Further, it offers interbank rates (the Google rate) on Forex and no fee ATM withdrawals based on the tier of card. To reserve a metal card, users purchase and hold MCO tokens for 6 months in the Crypto.com Wallet & Card App.

Crypto.com Wallet offers users the ability to securely buy, exchange, sell, and send a growing range of crypto currencies at true costs - no fees, no markups.

Crypto Invest allows a user to purchase one of three portfolios of crypto which is traded using quant trading strategies (market signals) and designed to perform in any market. No entrance, exit or management fees. Only a success fee: 9% of profits (with MCO staked) or 18% (without MCO staked). Set up is just a few taps and starts with a little as $20 USD.

Crypto Credit (not yet launched) is a crypto collateralized loan service which allows users to "Spend Crypto without Spending." A user deposits crypto in the Crypto Credit and receives a line of credit in stablecoin - PAX or TUSD which can be used to top up the MCO Visa Card. There is no credit check conducted and repayment can be made over 12 -months. Users with MCO staked enjoy preferential APRs.

Crypto Earn (not yet launched) allows users to deposit their crypto and earn interest. Initially with 1 and 3 month terms, with a flexible holding term coming soon. Users that have MCO staked earn at preferred rates.