{"id":184673,"date":"2021-03-18T23:16:25","date_gmt":"2021-03-18T23:16:25","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=184673"},"modified":"2021-09-12T12:34:49","modified_gmt":"2021-09-12T11:34:49","slug":"crypto-com-announces-partnership-with-visa-to-accelerate-worldwide-crypto-adoption","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/crypto-com-announces-partnership-with-visa-to-accelerate-worldwide-crypto-adoption\/","title":{"rendered":"Crypto.com announces partnership with Visa to accelerate worldwide crypto-adoption"},"content":{"rendered":"<p><span data-preserver-spaces=\"true\">The widespread adoption of cryptocurrencies continues. Today, Hong Kong-based Crypto.com has announced a partnership with Visa, including a principal membership in Visa's network in Australia.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Per the\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/blog.crypto.com\/crypto-com-announces-global-alliance-partnership-and-principal-membership-with-visa\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">blog<\/span><\/a><span data-preserver-spaces=\"true\"> post, the crypto exchange is planning to accelerate the adoption of cryptocurrencies worldwide. As a Visa principal member, Crypto.com can now issue cards directly and bring world-first products to the market.<\/span><\/p>\n<p>Currently, Crypto.com is shipping crypto.com Visa cards in Asia, mainly, Japan and South Korea, as well as in Africa, South America, and the Middle East.<\/p>\n<h2>Spending Power and real-time price access<\/h2>\n<p>Kris Marszalek, CEO of Crypto.com added that customers can now access the price of their crypto-funds at any time, as well as deepening customer's bonds with the direct-issuance of cards globally.<\/p>\n<p>Another key feature is the creation of &#8220;Spending Power&#8221;, a new product from Crypto.com that allows cardholders fiat lending using cryptocurrencies as collateral. User funds will be registered in the platform and the interest rate will be set at 9.9%.<\/p>\n<p>This product follows the crypto-lending system led by companies like BlockFi, Celsius, and Nexo.<\/p>\n<p>Visa entered the crypto market trying to capitalize on its growing sector, expanding its businesses towards crypto-enthusiast.<\/p>\n<p>Yesterday, the payment giant <a href=\"https:\/\/cryptoslate.com\/visa-says-its-developing-a-bitcoin-and-crypto-business\/\">stated its intentions of working with crypto wallets<\/a> to allow users to pay with crypto, by trading crypto for fiat and using it in all places around the world that accept Visa.<\/p>\n<blockquote><p>&#8220;We are working with bitcoin wallets to allow the bitcoin to be translated into a fiat currency and therefore immediately be able to be used at any of the 70 million places around the world where Visa is accepted.&#8221;<\/p><\/blockquote>\n<p>Both the CEO of Crypto.com and the director at Visa stated the importance of crypto-assets in the digital economy. The global partnership will expand their market reach and allow crypto-transactions for millions of users globally. Marszalek stated:<\/p>\n<blockquote><p>\u201cHaving been a Visa partner for several years, we\u2019re excited to deepen that relationship with a slew of world-firsts. Signing the global partnership with Visa and becoming a principal member with the world\u2019s leader in digital payments affirms our commitment to accelerate the world\u2019s transition to cryptocurrency.&#8221;<\/p><\/blockquote>\n<p><em>Disclaimer: Crypto.com is an advertising partner of CryptoSlate.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The widespread adoption of cryptocurrencies continues. Today, Hong Kong-based Crypto.com has announced a partnership with Visa, including a principal membership in Visa&#8217;s network in Australia. Per the\u00a0blog post, the crypto exchange is planning to accelerate the adoption of cryptocurrencies worldwide. As a Visa principal member, Crypto.com can now issue cards directly and bring world-first products [&hellip;]<\/p>\n","protected":false},"author":576,"featured_media":184716,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Crypto.com announces partnership with Visa to accelerate worldwide crypto-adoption<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/crypto-com-announces-partnership-with-visa-to-accelerate-worldwide-crypto-adoption\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto.com announces partnership with Visa to accelerate worldwide crypto-adoption\" \/>\n<meta property=\"og:description\" content=\"The widespread adoption of cryptocurrencies continues. Today, Hong Kong-based Crypto.com has announced a partnership with Visa, including a principal membership in Visa&#039;s network in Australia. Per the\u00a0blog post, the crypto exchange is planning to accelerate the adoption of cryptocurrencies worldwide. As a Visa principal member, Crypto.com can now issue cards directly and bring world-first products [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/crypto-com-announces-partnership-with-visa-to-accelerate-worldwide-crypto-adoption\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-18T23:16:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-09-12T11:34:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/03\/crypto-com.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jos\u00e9 Oramas\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jos\u00e9 Oramas\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/crypto-com-announces-partnership-with-visa-to-accelerate-worldwide-crypto-adoption\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/crypto-com-announces-partnership-with-visa-to-accelerate-worldwide-crypto-adoption\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/jose-oramas\/#person\",\"name\":\"Jos\u00e9 Oramas\",\"url\":\"https:\/\/cryptoslate.com\/author\/jose-oramas\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/jose-oramas\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/jose-oramas\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/03\/author-jose-oaramas.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/03\/author-jose-oaramas.jpg\",\"caption\":\"Jos\u00e9 Oramas\"},\"jobTitle\":\"Contributor\",\"description\":\"Jos\u00e9 Oramas is a blockchain\/crypto journalist and content writer with three years of experience in the field. 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