logo

Cryptocurrency go mainstream in the US with fee-less Visa debit cards

mco visa cards announced for us

After much anticipation cryptocurrencies are now hitting mainstream day to day transactions through a Visa Debit card. The announcement came with the collaboration of a United States-based bank and a Hong Kong-based digital provider.

The Metropolitan Commercial Bank (MCO) has partnered with Foris Inc following a similar Visa debit card launch in Singapore earlier this quarter.

The partnership brings together the digital wallet and banking ledgers in a unique blend that allows cash withdrawals at ATMs and retail outlets while the users would be charged in cryptocurrencies retailer would be receiving regular currency.

Moreover, the card also allows digital currency trading and tracking. Users can order the cards after a simple identification process through an application. The same application can be used to order the card and manage transactions. MCO has kept the card fee-less at the moment which means there would be no charges for ATM cash withdrawals and transactions.

The partnership also went ahead and waved monthly and annuals charges. Experts believe this is in a bid to allow maximum consumer penetration and apparently, the trick is working since over a hundred thousand cards have been reserved already.

Industry experts and traders are expressing are seeing this as a positive move for the future of cryptocurrencies and its usage in the mainstream arena.

Aroosa Nadeem

Aroosa Nadeem

A media graduate and passionate media person Aroosa has a knack for digital media journalism and outreach. She has contributed content to different digital media publishers in a variety of areas including technology, health and finance.

Related News

Hot Stories

Polkadot price analysis: Bulls reclaim $8.79 position after the latest upturn
Bitcoin, Ethereum, Polkadot, and Dogecoin Daily Price Analyses – 7 August Roundup
How to Stake Kava: Is 110% APY on BUSD legit?
Avalanche price analysis: AVAX continues to move upwards with $35 target
How to Stake on Uniswap: A Quick Guide to Passive Income

Follow Us

Industry News

Elon Musk drags Twitter to court for fraud
Binance CEO Urges To Move Funds From WazirX To Binance
Bitcoin falls to $23K on U.S. jobs report
How are the top cryptocurrencies selected?
Voyager Digital set to refund users with a $270 million fund