Crypto.com Card Program Receives Green Light for Canada

Crypto.com Card Program Receives Green Light for Canada

CALGARY, Alberta and HONG KONG, May 21, 2020 /PRNewswire/ — Crypto.com, the pioneering payments and cryptocurrency platform, today announced that it is preparing to roll out the MCO Visa Card program in Canada, following launches in Singapore (Oct 2018), the United States (July 2019) and Europe (April 2020).

The MCO Visa* Card is a prepaid card that features high-end metal cards with no annual or monthly fees, airport lounge access for select cards, no-fee ATM withdrawals, contactless pay functionality, and no foreign transaction fees.

Reservations for the MCO Visa Card may be made using the Crypto.com App which includes a three-minute customer onboarding process including ID verification. Using the App, customers are able to manage their card usage, transactions, and freeze or unfreeze their card with a single tap. The App also allows users to securely buy, sell, store, send, and track cryptocurrencies – allowing users to spend fiat currency converted from cryptocurrency without currency exchange fees.

Notes: All MCO Visa Card transactions are denominated in fiat currency. All cryptocurrency exchanges to fiat currency take place before users may use their MCO Visa Card to transact on the Visa network.

The MCO Prepaid Visa Card is issued by DC Bank. Use of the Card is subject to the terms and conditions of the applicable Cardholder Agreement and fee schedule, if any. ATM bank fees may apply.

*Trademark of Visa Int., used under license.

About Crypto.com

Crypto.com was founded in 2016 on a simple belief: it’s a basic human right for everyone to control their money, data and identity. With over 1 million users on its platform today, Crypto.com provides a powerful alternative to traditional financial services, turning its vision of “cryptocurrency in every wallet” into reality, one customer at a time. Crypto.com is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance. Crypto.com is headquartered in Hong Kong with a 250+ strong team. For more information, please visit www.crypto.com.

Logo – https://mma.prnewswire.com/media/888271/Crypto_Logo.jpg
Photo – https://mma.prnewswire.com/media/1171481/MCO_Visa_Card_Coming_to_Canada.jpg

Source: www.wfmz.com

Author: Crypto.com


Kapitalerhöhungen.de | news

Kapitalerhöhungen.de | news

Source: www.finanznachrichten.de


Kapitalerhöhungen.de | news

Shopify merchants can now process cryptocurrency via CoinPayments

This announcement follows a successful beta trial that started in 2019. Under the terms of the partnership, CoinPayments will now be a visible payment option for merchants on the Shopify platform and will make cryptocurrency transactions easier and more accessible while reducing transaction fees. Vendors will now get paid faster in any of the 1,800 cryptocurrencies supported by CoinPayments while gaining access to untapped markets globally. This partnership further enables cross-border payments, allowing merchants to eliminate the hassle of working with multiple payment processors across different jurisdictions.

“The combination of Shopify and CoinPayments is unstoppable in the payments industry,” said CoinPayments CEO Jason Butcher. “By bringing our easy-to-use global crypto payments platform together with Shopify’s extensive merchant base, we look forward to delivering a seamless process for anyone looking to do business using cryptocurrencies. As leaders in ecommerce and crypto payments, our combined expertise reflects the future of business transactions.”

Source: www.finextra.com


JPMorgan extends banking services to crypto exchanges Coinbase, Gemini

JPMorgan extends banking services to crypto exchanges Coinbase, Gemini

JPMorgan extends banking services to crypto exchanges Coinbase, Gemini

  • JPMorgan Chase is extending banking services to bitcoin exchanges Coinbase and Gemini — the first time the nation’s largest bank has accepted clients from the cryptocurrency industry, people familiar with the matter told The Wall Street Journal.
  • The bank will not process bitcoin or other cryptocurrency-based transactions, but will provide cash-management services and handle dollar-based transactions for the exchanges’ U.S.-based customers. It will process wire transfers, and deposits and withdrawals through the Automated Clearing House network, the Journal’s sources said.
  • The accounts were approved last month, and transaction processing is just beginning, the publication reported.

The deal with Coinbase and Gemini continues JPMorgan’s warming trend toward crypto platforms. As recently as 2017, the bank’s CEO, Jamie Dimon, called bitcoin “a fraud” and said he would fire “in a second” anyone at JPMorgan found to be trading in bitcoin.

“It’s not a real thing, eventually it will be closed,” Dimon said during the Delivering Alpha conference that year. “It won’t end well. Someone is going to get killed.

“You can’t have a business where people can invent a currency out of thin air and think that people who are buying it are really smart,” he added, according to The Guardian. “If you were in Venezuela or Ecuador or North Korea … or if you were a drug dealer, a murderer, stuff like that, you are better off doing it in bitcoin than US dollars. There may be a market for that, but it would be a limited market.”

Dimon, however, has been a booster of blockchain technology, upon which bitcoin is built. JPMorgan Chase last year said it successfully tested JPM Coin, a digital currency meant to speed up payments. The bank also plans to merge its blockchain unit Quorum with the developer ConsenSys, Reuters reported in February. The bank said it wants to use Quorum to issue JPM Coin to settle interbank transfers.

Banks had resisted dealing with coin exchanges for years out of fear of regulator scrutiny or concern that such ties would expose banks to money laundering. Coinbase and Gemini, however, are regulated by multiple bodies.

Coinbase is registered as a money services business with the Financial Crimes Enforcement Network, and Gemini obtained a trust charter from New York’s Department of Financial Services in 2015. Both exchanges have gone through the rigors to operate under NYDFS’s BitLicense framework and are licensed money transmitters in multiple states.

Source: www.fintechnews.org


Crypto.com Card Program Receives Green Light for Canada

Crypto.com Card Program Receives Green Light for Canada

CALGARY, Alberta and HONG KONG, May 21, 2020 /PRNewswire/ — Crypto.com, the pioneering payments and cryptocurrency platform, today announced that it is preparing to roll out the MCO Visa Card program in Canada, following launches in Singapore (Oct 2018), the United States (July 2019) and Europe (April 2020).

The MCO Visa* Card is a prepaid card that features high-end metal cards with no annual or monthly fees, airport lounge access for select cards, no-fee ATM withdrawals, contactless pay functionality, and no foreign transaction fees.

Reservations for the MCO Visa Card may be made using the Crypto.com App which includes a three-minute customer onboarding process including ID verification. Using the App, customers are able to manage their card usage, transactions, and freeze or unfreeze their card with a single tap. The App also allows users to securely buy, sell, store, send, and track cryptocurrencies – allowing users to spend fiat currency converted from cryptocurrency without currency exchange fees.

Notes: All MCO Visa Card transactions are denominated in fiat currency. All cryptocurrency exchanges to fiat currency take place before users may use their MCO Visa Card to transact on the Visa network.

The MCO Prepaid Visa Card is issued by DC Bank. Use of the Card is subject to the terms and conditions of the applicable Cardholder Agreement and fee schedule, if any. ATM bank fees may apply.

*Trademark of Visa Int., used under license.

About Crypto.com

Crypto.com was founded in 2016 on a simple belief: it’s a basic human right for everyone to control their money, data and identity. With over 1 million users on its platform today, Crypto.com provides a powerful alternative to traditional financial services, turning its vision of “cryptocurrency in every wallet” into reality, one customer at a time. Crypto.com is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance. Crypto.com is headquartered in Hong Kong with a 250+ strong team. For more information, please visit www.crypto.com.

Logo – https://mma.prnewswire.com/media/888271/Crypto_Logo.jpg
Photo – https://mma.prnewswire.com/media/1171481/MCO_Visa_Card_Coming_to_Canada.jpg

SOURCE Crypto.com

Source: www.prnewswire.com

Author: Crypto.com


Crypto.com Card Program Receives Green Light for Canada

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