Singapore, November 1, 2022 – Crypto.com announced today that it has become an associate programme member in Singapore. This strategic partnership will enable the company to initiate self-issuance of the Crypto.com Visa card in-market.
The Crypto.com Visa Card is the largest in its category globally with a cryptocurrency capability and is accepted by more than 80 million merchants anywhere Visa is accepted. With the Crypto.com Visa Card, customers can engage in everyday commerce, while also receiving a variety of card member benefits and CRO Rewards across various card tier levels.
Looking ahead and following Crypto.com commencing self-issuance of the Crypto.com Visa Card, Singapore customers can expect further exciting payment features and digital services to be introduced over time.
“Providing customers more ways to engage with cryptos as a mode of payment for goods and services is core to our mission at Crypto.com” said Kris Marszalek, CEO of Crypto.com. “We are excited to deepen our global partnership with Visa to further enhance our offerings.”
Crypto.com continues to actively grow and expand its ecosystem, with more than 50 million users worldwide. Today’s announcement continues Crypto.com’s regulatory license momentum, having recently received (i) approval for a Major Payment Institution license for e-money issuance, account issuance, cross border and domestic money transfer services under Foris Asia Pte. Ltd. as well as a separate in-principle approval for a Major Payment Institution license for Digital Payment Token services under Foris DAX Asia Pte. Ltd. from the Monetary Authority of Singapore, (ii) registration as a Digital Asset Service Provider (DASP) by the Autorité des marchés financiers (AMF) in France (iii) registration as a cryptoasset business from the UK Financial Conduct Authority (FCA) (iv) provisional approval of its Virtual Asset License from the Dubai Virtual Assets Regulatory Authority (v) Electronic Financial Transaction Act and Virtual Asset Service Provider registration in South Korea (vi) registration as a Digital Currency Exchange Provider and Independent Remittance Dealer in Australia by AUSTRAC (vii) an Australian Financial Services License and Australian Credit License from the Australian Securities and Investments Commission (ASIC) (viii) registration in Italy from the Organismo Agenti e Mediatori (OAM) (ix) registration in Greece from the Hellenic Capital Market Commission (x) registration in Cyprus from the Securities and Exchange Commission (xi) approval from the Cayman Islands Monetary Authority (xii) a US Commodity Futures Trading Commission (CFTC) regulated Derivatives Clearing Organization (DCO) and two Designated Contracts Markets (DCMs) as well as a (xiii) a pre-registration undertaking with the Ontario Securities Commission and Canada Securities Administrators.
For more information on the Crypto.com Visa Card, including card tiers, member benefits, and rewards, visit https://crypto.com/sg/cards.