The centralised banks are soon going to face a challenge from rival cryptocurrencies. For years, users from Crypto Industry are working relentlessly to bring the crypto and financial market under one world. With the launch of first ever crypto Visa card in Asia, now people can convert their cryptos to fiat. They can access loans in fiat currencies using their digital assets as collateral security.

Within next couple of months, Singapore citizens will avail their first crypto Visa Cards. Crypto.com formerly known as Monaco is a Hong-Kong Based company who has applied for a licence to prepare 100,000 crypto visa cards. Apart from preparing Visa Cards, the company has also planned to start its crypto-backed money lending service.

During an interview, Kris Marzalek, CEO of Crypto.com express his thanks to the crypto users. Most crypto users always face issues at trading platforms and exchanges while withdrawing their money. With the arrival of Crypto Visa Cards, Users can easily liquidate their digital assets into fiat currency any time they want. Apart from providing a seamless execution, the visa cards eliminate all tricky withdrawal process associated with Cryptocurrencies.

Any user having a Crypto Visa Card can avail loans up to 60% of the digital asset’s value. The Crypto Visa card acts as credible collateral, which significantly omits all the hassles one goes through while availing loans from centralised banks.

The Crypto Visa Card will accept popular cryptocurrencies like BTC, BNB, ETC, LTC and MCO. Fiat Currencies associated with the Crypto Visa Cards are USD, Singapore Dollar, Hong Kong Dollar and many more.