TrueUSD Holders Can Now Spend TUSD at All Visa-Supported Merchants | BTCMANAGER
Bitcoin, Blockchain & Cryptocurrency News
Crypto.com, a crypto-powered platform that allows users to buy, sell and pay (or get paid) with Bitcoin (BTC) and altcoins, has integrated TrueUSD stablecoin into its MCO Visa Card, to enable TUSD holders to easily spend their coins at all Visa-supported locations around the globe, according to a blog post on February 26, 2020.
Crypto.com Adopts TUSD
As part of its mission to foster financial inclusion and make financial opportunities accessible to everyone, the TrustToken team, an Ethereum-powered decentralized application (dApp) in charge of several asset-backed tokens including TrueUSD (TUSD), has joined forces with Crypto.com to provide more use cases for the stablecoin.
As stated in its blog post, TrueUSD is now live on Crypto.com’s MCO Visa Card, making it possible for holders of the dollar-backed virtual currency to spend their coins and make payments in real-time at all Visa-supported merchants.
The team said:
“We’re proud to announce TrueUSD (TUSD)is now available in the Crypto.com app, making it available for conversion into fiat to be spent at more than 40 million merchants around the world with the MCO Visa Card. Users can still earn up to 12 percent on their TUSD with Crypto.com Earn.”
What’s more the team says all Crypto.com users can now buy the TUSD stablecoin with 21 fiat currencies at true cost with no fees or hidden charges,