New rewards card brings crypto spending benefits to the region.
Expanding Crypto Adoption in Latin America
Crypto.com has unveiled its Visa card program in Latin America, introducing a crypto-linked rewards card to a region rapidly embracing digital assets. The card integrates seamlessly with the Crypto.com app, allowing users to fund it using crypto wallets or fiat currency.
Benefits and Features
The Crypto.com Visa card offers seven reward tiers, including up to 8% cashback, rebates for services like Spotify and Netflix, and perks such as airport lounge access. Unlike traditional credit cards, the card does not charge annual or monthly fees in certain tiers, enhancing its appeal to users.
Rising Crypto Interest in Latin America
Research by Chainalysis highlights Latin America as the seventh-largest crypto economy, comprising 7.3% of the global market. Many residents use digital assets to hedge against inflation and counter authoritarian regimes. Eric Anziani, Crypto.com’s President and COO, remarked on the increasing demand for crypto solutions in the region. He stated the card offers “generous spending rewards in crypto and perks for popular subscriptions.”
Part of a Broader Roadmap
This launch aligns with Crypto.com’s 2025 roadmap, aiming to expand services and products globally. Eligible Latin American users can now apply for the card via the app, signaling a step toward mainstream crypto use in daily transactions.
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