Crypto.com is now the latest cryptocurrency exchange and payment service to join the Visa network.
According to a statement released on Wednesday, Crypto.com has entered into a global partnership with the credit / debit card payment giant, which includes becoming a major member of the Visa network in Australia.
As part of the press release, Crypto.com revealed that the collaboration with Visa was in line with the company’s efforts to expand the reach of its Visa cript card.
The Crypto.com Visa card is already used in more than 30 countries around the world, including the United States, Canada, as well as nations in Europe and Asia Pacific.
Crypto.com plans to start issuing its Visa card directly in the country, and the company says it will use its presence in Australia to seek greater market penetration for its card services worldwide.
In addition to its physical Visa card product, Crypto.com will also begin issuing virtual cards in Europe.
Commenting on the partnership with Visa, Crypto.com CEO Kris Marszalek commented:
“Signing the global partnership with Visa and becoming a key member of the world leader in digital payments confirms our commitment to accelerating the worldwide transition to cryptocurrency.”
As part of the official statement, the company also announced the launch of its fiduciary loan program, called “Poder de Gastos”. With this new product, Crypto.com Visa cardholders will be able to use the cryptocurrency balance in their wallet as a loan guarantee and pay fiat on commercial platforms that support Visa payments.
In early March, Crypto.com launched a $ 200 million crypto investment fund to support startups in the industry. Crypto.com is also sponsoring the Formula One Aston Martin racing team, while the British carmaker marks its return to the F1 circuit after a 61-year hiatus.