Crypto.com already offers its users a Visa card. However, any payments used by the cryptocurrency card have to be converted to fiat, which adds costs and complexities for merchants.
Here’s the new process:
> A Crypto.com Visa card purchase is made
> Instead of converting to fiat, Visa will settle the transaction using Crypto.com’s USDC #stablecoin, which is pegged to the US dollar (to limit volatility)
> It will all be done on the Ethereum #blockchain