JACKSONVILLE, Florida,
NEW YORK and HONG KONG, November 16,
2018 /PRNewswire/ --
Today, Metropolitan Commercial Bank and
Crypto.com (through its affiliate Foris Inc.) announced that the
companies are preparing to rollout the MCO Visa Card program in
the United States following its
launch in Singapore in
October.
(Photo:
https://mma.prnewswire.com/media/786028/MCO_Visa_Cards.jpg
)
The MCO Visa Card is a prepaid card that features high-end metal
cards with no annual or monthly fees, airport lounge access for
select cards, no-fee ATM withdrawals, tap-and-pay functionality,
and no foreign transaction fees.
Reservations for the MCO Visa Card are made using the Crypto.com
Wallet & Card App which includes a three-minute customer
onboarding process including ID verification. Using the Wallet app,
customers are able to manage their card usage, transactions, and
freeze or unfreeze their card with a single tap. To date, over
100,000 MCO Visa Cards have been reserved globally.
The Wallet app also allows users to securely buy, sell, store,
send, and track cryptocurrencies - allowing users to spend fiat
currency converted from cryptocurrency without currency exchange
fees.
Mark DeFazio, President and
CEO of Metropolitan Commercial Bank, said, "We are
pleased to work closely with Crypto.com and Foris in bringing this
innovative product to the US market. This program speaks directly
to The Entrepreneurial Bank spirit that we have and seek to
promote. The MCO Visa Card is quite unique and provides a bridge
between traditional banking and cryptocurrencies in a safe and
compliant way."
Kris Marszalek, Co-Founder and
CEO of Crypto.com, said, "We are thankful for the
support of Metropolitan Commercial Bank in sharing our vision. The
market demand for the MCO Visa Card has been overwhelming and we
look forward to bringing it to customers as soon as possible. This
is another important step towards our mission of accelerating the
world's acceptance of cryptocurrency."
Note: All MCO Visa Card transactions are
denominated in fiat currency. All
cryptocurrency exchanges to fiat currency take place before users
may use their MCO Visa Card to transact on the Visa
network.
*Use of the Card is subject to the terms and conditions of
the applicable Cardholder Agreement and fee schedule, if any. ATM
bank fees may apply.
About Metropolitan Commercial Bank
Metropolitan Commercial Bank®, The Entrepreneurial
Bank, founded in 1999 and headquartered in New York City, operates full-service banking
centers in Manhattan, New York;
Boro Park, Brooklyn; and Great
Neck, Long Island. We are a
community-focused bank that provides a broad range of business,
commercial and personal banking products and services to small
businesses, middle-market enterprises, public entities and affluent
individuals. In addition to our tradition of relationship-driven,
one-on-one personalized service, Metropolitan Commercial Bank
offers multiple convenience delivery channels, including online
banking, flexible mobile banking apps and no-fee access to over 1
million ATMs worldwide for our clients. The Bank is also an active
issuer of debit cards for an increasing number of third-party debit
card programs. Metropolitan Commercial Bank is a New York State chartered commercial bank, an
FDIC member and an equal opportunity lender.
The parent company of Metropolitan Commercial Bank, Metropolitan
Bank Holding Corp., also founded in 1999, is a publicly traded
company. The common stock of Metropolitan Bank Holding Corp. is
listed on the New York Stock Exchange (NYSE) and trades under the
ticker symbol "MCB."
For more information about Metropolitan Commercial Bank, visit
the Bank's website at http://www.MCBankNY.com.
About Crypto.com
Crypto.com, the pioneering payments and cryptocurrency platform,
through its affiliates including Foris Inc., headquartered in
Jacksonville, FL, seeks to
accelerate the world's transition to cryptocurrency. Crypto.com is
headquartered in Hong Kong. For
more information, please visit: http://www.crypto.com.