Crypto.com Expands Global Reach with Mastercard Partnership for Prepaid Cards

Crypto.com has announced an exciting partnership with Mastercard, allowing its customers to use their cards at over 150 million merchants globally, both in-store and online.

This development follows Crypto.com obtaining a principal license from Mastercard, which will enable users to fund their cards using various payment methods, including e-money wallets and third-party credit or debit cards.

The service will be available across all five tiers of Crypto.com’s prepaid cards, including the prestigious Black Obsidian card, offering up to 8% rewards on purchases, with rewards issued in USD.

Karl Mohan, Crypto.com’s General Manager for APAC and MEA, expressed pride in the collaboration, emphasizing Mastercard’s dedication to the digital assets sector and its role in helping expand Crypto.com’s offerings, especially within Bahrain and other markets.

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He also highlighted the importance of security and compliance in this initiative, enabled by Crypto.com’s recent Payment Service Provider license from Bahrain’s Central Bank.

Mastercard’s Executive Vice President of Market Development for EEMEA, Amnah Ajmal, also welcomed Crypto.com into its global network, noting that this partnership grants access to Mastercard’s comprehensive suite of tools designed to enhance transaction security and fraud prevention, alongside the ability to process payments wherever Mastercard is accepted.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.