Crypto.com’s Visa Cards To Be Replaced By Mastercard In In GCC Region
Mastercard has issued a license to Hong Kong-based cryptocurrency exchange Crypto.com, allowing the company to offer its prepaid payments card services across the Gulf Cooperation Council (GCC) region. The partnership will begin in Bahrain in January 2025.
Crypto.com cardholders will be able to fund their accounts using the Crypto.com app, as well as through e-money wallets or third-party credit and debit cards. The card will be available across all five Crypto.com card tiers, including the premium “Black Obsidian” card, which offers rewards of up to 8% and card payouts in US dollars.
The announcement was met with positive reactions from the crypto community, though some confusion arose regarding the impact on Crypto.com’s…
