Hong Kong-based blockchain firm Crypto.com, which developed Asia’s first crypto Visa (NYSE:V) debit card, announced that it was seeking approval to issue cards in its home-city, South China Morning Post reports. By the end of October, the company plans to distribute over 100,000 cards to clients worldwide, starting with Singapore. Also, the company wants to expand its business by offering lending services.
Kris Marszalek, co-founder and CEO of Crypto.com, said that crypto holders would like to enjoy the option to convert their funds to fiat money and cash out.
“Not all exchanges support crypto-to-fiat transactions, and even if you hold your digital assets at the ex...
This article appeared first on Cryptovest