Crypto.com has an ambitious vision for cryptocurrency. To increase crypto adoption, they provide a variety of different services and products.
Crypto.com has a famous slogan: Cryptocurrency in Every Wallet. They are working hard to realize this vision. The are helping to spur adoption of cryptocurrency by offering different ways to interact with the crypto ecosystem.
One of the signature products of Crypto.com is their cryptocurrency wallet. It’s a mobile application available on Android and IOS. The app is known for its array of features and ease of use.
Users can buy crypto in-app with a fiat wallet or credit card. Also, you can deposit crypto directly into the app. You can trade different fiat currencies and cryptocurrency without leaving the application. And you can send fiat or crypto to other users instantly without a fee.
Another feature of the wallet is the ability to top up your MCO Visa card. You can top up your card via bank transfer, debit/credit card, or with crypto.
Holding MCO tokens in the mobile wallet makes you eligible for monthly CRO airdrops. Crypto.com Chain (CRO) is the other ERC20 token by Crypto.com.
Users can earn interest on their cryptocurrency as well, up to 8%.
Other services can also be accessed with the mobile app. More details are below.
MCO Visa Card
For cryptocurrency to grow, it has to be used as a currency, not just as a speculative vehicle. This is where the MCO Visa card comes into play. This card allows you to spend crypto anywhere that Visa is accepted.
MCO cards come in 5 different tiers, each with different benefits. Users can top up their card or send crypto to it via the mobile app.
You can learn more by visiting the card page.
Crypto Earn and Credit are two new services.
Earn allows you to earn interest by keeping crypto in your wallet. You can earn up to 8% by doing this. Credit allows you to leverage your crypto to get a loan.
“Pay” by Crypto.com is a payment processing service similar to Bitpay. It enables merchants to accept cryptocurrency without dealing with the volatility associated with crypto.
Crypto.com also has a referral program. You can get a 10-25% commission on every referred friend’s purchase.
MCO was sold during the Monaco ICO. The token sale started in May 2017. The original price for this ERC20 token was $0.60 USD. The token sale raised almost $27 million USD. No new tokens will be created.
MCO has utility on Crypto.com by offering discounts for services by using or staking MCO. With the exception of the Midnight Blue card, Staking MCO is required to get a Crypto.com VISA card. MCO also earns higher interest than other cryptocurrencies on the mobile application.
MCO is available on exchanges such as Switchain, OkEx, DigiFinex, Binance and more. These exchanges don’t have fiat on-ramping, meaning you can’t use your USD to buy MCO.
There are two easy ways to buy MCO with USD. Crypto.com has MCO for sale via the application. An alternative way to buy MCO with USD is mentioned here.
Switchain is an instant non custodial cryptocurrency exchange. Our user user-friendly platform makes trading crypto easy and fast. We work with different cryptocurrency trading partners to guarantee the best cryptocurrency rates to our clients.