Crypto.com’s Bold Move with Bahrain Card Launch
Users of Crypto.com have the ability to fund their cards through the app by utilizing e-money wallets or credit and debit cards issued by a third party. All five tiers of the Crypto.com card, including the Black Obsidian card, will have access to the product, which will offer rewards of up to 8% on USD-denominated transactions. Additionally, it will give users access to our extensive tools for strengthening transaction security and fraud protection.
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Industry Comments
Karl Mohan, general manager APAC and MEA of Crypto.com, says: “We’re really proud to be partnering with Mastercard, a global technology leader in the payments industry, and utilising our recently issued Payment Service Provider licence from the Central Bank of Bahrain to launch our world-renowned prepaid card to our users in Bahrain and beyond. Mastercard has shown its support for the digital assets industry by creating a robust card programme service that’s specifically tailored for our customers, allowing us to expand our product offering into new markets whilst proving our continued commitment to the highest levels of security and compliance.”
Amnah Ajmal, executive vice president, market development, EEMEA, Mastercard, adds: “We are delighted to welcome Crypto.com as a Mastercard Principal Member. The programme provides a wide range of benefits and opportunities beyond the direct issuance of Mastercards. Crypto.com will now have access to our global network, enabling transactions wherever Mastercard is accepted, our innovative payment solutions powered by cutting-edge technology.
FAQ
1: What is the significance of Crypto.com launching its card in Bahrain?
Crypto.com’s card launch in Bahrain represents a strategic move to tap into a growing market. By leveraging its Payment Service Provider license from Bahrain’s Central Bank and partnering with Mastercard, Crypto.com offers secure, innovative, and globally recognized payment solutions, aligning with its mission to expand digital asset adoption in compliant, regulated markets.
2: What benefits do users gain from the Crypto.com card in Bahrain?
Users can fund their cards via e-money wallets or third-party credit and debit cards. The card offers up to 8% rewards on USD transactions, advanced security tools, and fraud protection. Spanning five tiers, including the premium Black Obsidian card, it provides a seamless and secure payment experience globally wherever Mastercard is accepted.
3: How does Mastercard enhance Crypto.com’s offerings in Bahrain?
Mastercard’s partnership enables Crypto.com to access its global network and advanced payment technologies. As a Principal Member, Crypto.com benefits from robust card program services tailored for digital asset integration, ensuring a secure, scalable, and efficient solution for Bahrain’s users while setting a benchmark for compliance and technological innovation.
Conclusion
Crypto.com’s Bahrain card launch underscores its dedication to expanding its global footprint in compliant, forward-thinking markets. The strategic partnership with Mastercard ensures world-class payment solutions with cutting-edge security, enhancing user trust. By integrating rewards, accessibility, and technological prowess, Crypto.com continues to lead in bridging traditional finance with the digital assets ecosystem, empowering users worldwide.
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