South China Morning Post reports that a Hong Kong-based cryptocurrency payment company Crypto.com (formerly known as Monaco) has designed the first cryptocurrency Visa card in Asia, merging the two rivaling industries in one single entity.
As of now, the card will be distributed in Hong Kong, but they soon plan to expand their global reach with Singapore being the first destination. The new card will make the process of exchanging fiat money to digital assets (and vice versa) as simple as possible.
Crypto.com is also planning to obtain money lending licenses in order to borrow funds to the crypto Visa card owners.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Dan Burgin
Vladislav Sopov