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BUSINESS

Crypto.com expands crypto card to 31 European countries via i2c global processing platform

28/05/2020 11:37 AM

KUALA LUMPUR, May 28 -- i2c Inc, a digital payment and open banking technology provider has partnered with Crypto.com as its crypto card product has begun shipping in 31 countries across Europe.

This expansion follows successful and agile integrations between the two companies over the past three years in Singapore, the United States and most recently, the United Kingdom, making Crypto.com’s card programme the most widely available globally. 

Consumers now have access to an end-to-end crypto ecosystem comprising a crypto payments card, a wallet app to buy, sell and earn crypto as well as cashback rewards as one spends.

Interest in digital currencies is increasing as the global economic crisis and resulting government stimulus packages push national debt to unprecedented levels, driving a concern around a post-pandemic recession caused by hyper-inflation.

A Crypto.com-sponsored research study from The Economist Intelligence Unit reports, for the first time, mainstream consumers in cryptocurrency, with 20 per cent of respondents who do not use crypto today reporting they plan to begin using it in the next year.

“The current economic climate of uncertainty is only reinforcing the trend among consumers for flexible financial solutions that are accessible and easy to use, and map to their on-demand, digital lives,” said i2c Inc president, Jim McCarthy in a statement.

“The strong enrolment response in Europe to the Crypto.com payments solution indicates consumers are ready for an alternative to traditional money systems that puts them squarely in control of their finances and investments. i2c is proud to be helping Crypto.com bring optional payment solutions to the world.”

-- BERNAMA


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