The domain crypto.com was registered all the way back in 1993 by Matt Blaze, a well known cryptographer.
As you might imagine, he has been fielding quite a few offers for that domain since cryptocurrencies took off, but had repeatedly said the domain wasn’t for sale.
That is until Monaco approached him and he decided to sell them the crypto.com domain!
They took this purchase and used it to rebrand themselves to Crypto.com, with a new stated goal of accelerating “the world’s transition to cryptocurrency”.
Along with the rebrand the cryptocurrency products have been put under the MCO umbrella to align with the name of the cryptocurrency. So far that includes the MCO token, the MCO wallet app, the MCO Visa Card, the MCO Crypto Invest service, Crypto Earn and most recently an exchange powered by the Crypto.com coin (CRO).
This article will go over the features now available from Crypto.com and highlight some of the upcoming features that are yet to be released. For extensive details you can read the MCO Whitepaper 2.0
The domain crypto.com was registered all the way back in 1993 by Matt Blaze, a well known cryptographer.
As you might imagine, he has been fielding quite a few offers for that domain since cryptocurrencies took off, but had repeatedly said the domain wasn’t for sale.
That is until Monaco approached him and he decided to sell them the crypto.com domain!
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They took this purchase and used it to rebrand themselves to Crypto.com, with a new stated goal of accelerating “the world’s transition to cryptocurrency”.
Along with the rebrand the cryptocurrency products have been put under the MCO umbrella to align with the name of the cryptocurrency. So far that includes the MCO token, the MCO wallet app, the MCO Visa Card, the MCO Crypto Invest service, Crypto Earn and most recently an exchange powered by the Crypto.com coin (CRO).
This article will go over the features now available from Crypto.com and highlight some of the upcoming features that are yet to be released. For extensive details you can read the MCO Whitepaper 2.0
Crypto.com MCO Platform Overview
Crypto.com is building the services on the MCO platform to solve the accessibility and usability challenges faced by the broader blockchain industry. One of the most anticipated of these products is the MCO Visa Card.
The MCO Visa Card is the return of Crypto.com’s plan to link a Visa card with cryptocurrency accounts, allowing users to easily spend their cryptocurrency on everyday purchases, wherever Visa is accepted.
In addition to the MCO Visa card, the Crypto.com rebrand has become the home for a number of MCO products and services. Already included is the MCO wallet app and the MCO token. And the most recent addition is Crypto Invest, which will allow for easy crypto investments.
Planned products include Crypto Credit, which will give users a credit line based on MCO tokens held as collateral, and MCO Private which will offer specialized products and services for high net-worth individuals.
The MCO Visa Card
The portfolio of MCO Visa Cards offered by Crypto.com range from the top of the line Obsidian Black, which requires a 50,000 MCO stake, to the baseline Midnight Blue, which has no staking requirement. Each level comes with additional perks, which can be seen in detail here.
By pairing the MCO Visa Card with the MCO wallet users can spend their cryptocurrency seamlessly at the over 40 million retailers globally who accept Visa.
And the list of benefits for card holders rivals that of any of the best Visa rewards cards. Users can enjoy use of a Visa card with no annual fees, get free shipping, receive up to 5% cashback on purchases, and select cards get unlimited airport lounge access. Also included are memberships for Spotify, Netflix, and Amazon Prime, as well as a 10% discount on Expedia and AirBnB purchases.
Users also have the ability to spend overseas and receive interbank exchange rates. And with the Platinum Referral Reward Program it’s possible for users to receive up to $10,000 sign-on bonus!
MCO Private
The MCO Private feature was highly anticipated and was finally launched in March 2020, It is a service that is tailored to the needs of the MCO Visa Obsidian Black and Icy White/Rose Gold cardholders. The specialized services and accesses are meant to meet the needs of high net-worth cryptocurrency holders.
There is an MCO concierge service available to MCO Private clients, as well as invitations and access to exclusive blockchain industry events. Customers will also receive advice on digital asset custody services, competitive investment opportunities, assistance with over-the-counter transactions, and dedicated customer support.
In addition to those benefits all members in the MCO Private receive an added 2% bonus interest for coins held in the Crypto Earn program. Holders of these cards also receive free Amazon Prime memberships, and enhanced credit limits (up to $2 million for Obsidian Black card holders). Obsidian Black card holders can also take advantage of the Private Jet Service. All MCO Private members will receive a special welcome pack of Crypto.com branded merchandise.
MCO Wallet App
The MCO wallet has been well received, with a 3.8 rating on the Apple App Store and a 4.3 rating on the Google Play store. One of the great features is the ability to buy tokens right from the wallet, using a linked credit or debit card and even via bank transfer. The wallet now offers purchases of over 50 different cryptocurrencies at true cost, with no added fees, commissions, spreads, or mark-ups.
It also has support for seven fiat currencies, including USD, JPY and EUR. You can even exchange between fiat currencies at real-time interbank rates, saving you up to 8% versus rates at high street banks. And wallet users can access the Crypto Earn program to earn interest of up to 8% per annum on a number of cryptocurrencies, and up to 12% per annum on a number of stablecoins.
If you’re looking to avoid transfer fees the MCO wallet can do that too. Send crypto and fiat directly to other Crypto.com wallet users instantly with no fees.
The MCO wallet also rewards you for sharing with your friends. You can get 10-25% referral commission on every purchase made by someone who downloads the wallet from you unique referral code. And you can get sign-up bonuses as large as $10,000.
Finally, traders and investors will be thrilled with the ability to track more than 200 different cryptocurrencies. Charts are available versus the USD or versus BTC and give data for price, volume, percent change and much more. This feature meshes well with the newly launched Crypto Invest service.
MCO Crypto Invest
Early in October Crypto.com launched a new service for MCO Private customers called Crypto Invest. It’s a cryptocurrency portfolio and trading tool that simplifies investing and trading in cryptocurrencies. Users can create their own customized portfolios and trade automatically based on market signals.
Unlike other products, Crypto Invest isn’t only a basket of cryptocurrencies. Instead it is a set of trading strategies that will perform in any market. And it’s great for those just beginning their crypto investment portfolio, since users are spared the need to do detailed research into the huge universe of available cryptocurrencies. Instead they can make one investment into the Crypto Invest product and allow Crypto.com to handle the details.
