Crypto.com is expanding its cryptocurrency-linked rewards card to Latin America, where digital asset demand is rising.
According to a crypto.com announcement, customers can preload money onto the Crypto.com Visa Card using fiat money or their cryptocurrency wallets via the Crypto.com app.
The card has seven distinct levels of incentives, such as up to 8% cash back on purchases, Netflix and Spotify refunds, and other benefits like access to airport lounges.
This card does not have monthly or annual fees for some tiers like standard credit cards. This action is a component of Crypto.com’s larger initiative to boost the use of cryptocurrencies around the world.Â
Latin America’s Crypto Adoption
According to Chainalysis analysis, with 7.3% of the global market, Latin America has the seventh-largest crypto economy.
Residents of this region commonly use digital assets to fend off authoritarianism and protect their money from the devaluation of national currencies.
Latin America’s growing need for cryptocurrency services was highlighted by Eric Anziani, President and COO of Crypto.com.Â
He stated that the card will “give Latin American users generous spending rewards paid in crypto, rebates for popular subscription services, and many more perks.”
Although it incorporates cryptocurrency, the crypto.com credit card functions similarly to prepaid debit cards.
This launch is in line with Crypto.com’s 2025 roadmap, which calls for growing its product line and creating additional services.
Through the Crypto.com app, qualified customers in Latin America can now apply for the card. This expansion may help normalize the usage of cryptocurrencies in daily transactions as interest in digital assets continues to grow in the region.
