According to Forbes Crypto.com announced a global partnership with Visa that also includes principal membership in Visa’s network in Australia.
The company also plans to roll out fiat lending against bitcoin and other cryptocurrencies as collateral via the Crypto.com Visa Card V. The card program offers up to 8% cashback on purchases with no upper limits, a full rebate on Spotify, Netflix, and Amazon Prime.
After the news, Discussion staretd on Reddit. Below are the comments from some users.
Finbudz
I am verging on buying into CRO. Seems like with the new Card and a potential Visa partnership in could send prices flying. Just not sure if thats my vibe as far as the crypto space goes. Feels like another Binance coin or Bank stock. That said I think this company will grow
undadatunda
maybe visa was behind these guys all the time proxy style so now they a money printer and poofed themselves up lots of coins from nothing and they collect up facial identies of whover use their coins or services
As a user of CRypto.com, I gotta say,it's really nice getting 3% back on every purchase with the debit card, interest, and 100% Netflix and Spotify rebate.
Moreover, Crypto.com also announced the creation of “Spending Power”, a product allowing cardholders to loan and spend fiat against their crypto holdings in wallets registered at the platform. The interest rate is going to be set at 9.9%. As such, users won’t have to sell their bitcoin or other assets. The offering is the latest addition to a booming crypto lending ecosystem with BlockFi, Celsius, and Nexo leading the surge.