Asia’s First Crypto Debit Card Introduced in Hong Kong

Hong Kong-based crypto payment company Crypto.com has designed the first cryptocurrency Visa card in Asia, merging the two rivaling industries in one single entity

Wed, 5/09/2018 - 20:40

Asia’s First Crypto Debit Card Introduced in Hong Kong

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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.

About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.