A digital asset exchange established in Hong Kong In Brazil, crypto.com has started offering Visa crypto cards to its members. Users who apply for the cards and receive them will not be charged any monthly, yearly, or ATM withdrawal fees, according to the business. Unlike traditional Visa credit cards, which provide a line of credit, crypto Visa cards are prepaid and must be refilled with fiat or cryptocurrency.
These cards can convert all of the DeFi protocol's tokens stored in them into the currency of the respective market, which can subsequently be used for purchases and ATM withdrawals. In a blog post announcing the expansion, the asset exchange business noted, "The Crypto.com Visa Card gives up to 8% back on spending, LoungeKey airport lounge access, and 100% subscription refunds for Spotify, Netflix, and Amazon Prime."
After applying for the card, Brazilian citizens must go through an approval process. Users will be provided a virtual card as soon as the...