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October 13, 2020
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MCO Visa Card Review: Read This First

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Permission
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Cryptocurrency debit cards are the next big thing in the digital asset space.

And this shouldn’t come as a surprise.

A crypto debit card bridges the gap between traditional finance and the crypto world by allowing users to spend their digital assets directly from their wallets. From all the cryptocurrency debit cards, Crypto.com’s MCO Visa Card is one of the hottest solutions to spend your coins.

Join us as we take a thorough look at the crypto debit card in this MCO Visa Card review.

What Is the MCO Visa Card?

Crypto.com’s MCO Visa Card is a cryptocurrency debit card that allows users to spend their coins directly from their wallets.

As a result, there is no need for cardholders to exchange coins into fiat currency and withdraw those funds to their bank accounts.

One of the main reasons why the MCO Visa Card is so popular among cryptocurrency enthusiasts is the cashback rewards system, where you can redeem up to 5% of your total transaction value in the company’s native MCO tokens.

Crypto.com offers different card tiers with unique benefits for each. To unlock higher levels, you have to stake – lock up a part of your coins in a wallet for a specific time – MCO tokens (more on this later).

Higher tiers do not only offer higher cashback rewards but other benefits as well, such as free Netflix, Spotify, and Amazon Prime subscriptions, as well as premium airport lounge access.

Formerly known as the Monaco Card, the MCO Visa Card is a part of Crypto.com’s ecosystem.

In June 2017, the Hong Kong-based company successfully launched an Initial Coin Offering (ICO), collecting nearly $27 million of funds from contributors.

Since then, the organization has successfully launched the MCO Visa Card in multiple countries, including the UK, the European Union, Canada, the United States, Singapore, Hong Kong, South Korea, Thailand, the Philippines, Vietnam, Australia, and New Zealand.

In addition to the digital asset debit card, users of the MCO credit card also have access to the wide variety of products in the Crypto.com ecosystem, including a(n):

  1. Cryptocurrency exchange
  2. Smartphone app (iOS and Android)
  3. Crypto wallet
  4. Interest product where you can earn a passive income on your coins
  5. Credit solution where you can borrow stablecoins (e.g., USDT, PAX) on your crypto assets
  6. Automated quant trading solution

How Does the MCO Visa Card Work and How Do I Get One?

The MCO Visa Card works very similarly to other cryptocurrency debit cards.

The First Steps

You register for an account at the service and submit Know Your Customer (KYC) and Anti Money-Laundering (AML) documents to the provider to confirm your identity and residential address.

After your account is verified, you should choose the tier of your MCO Visa Card.

If you choose the basic tier (Midnight Blue), you don’t have to stake any coins for your crypto card to be shipped to you.

However, if you choose a higher tier, you have to buy the required amount of MCO tokens, send them to your Crypto.com MCO wallet, where you have to hold them for at least six months.

While you are required to stake coins to access higher tiers, you don’t have to wait six months to get your card as you will be able to order it from Crypto.com as soon as you lock up the required amount of coins in your MCO wallet.

After ordering your card, Crypto.com will ship your card to your address, which you have to activate upon receiving it.

From Top-Ups to Spending Crypto

When you are done with that, the next step is to top up your MCO Visa Card with funds (either crypto or fiat currency).

Now that you have your funds ready, you can start using your MCO Visa Card to spend your crypto and earn cashback rewards.

Despite the fact that your MCO Visa Card is a cryptocurrency debit card, it will work very similarly to a traditional payment card.

The only exception is that you are spending crypto assets instead of fiat currency (unless you have already converted your funds to the latter).

As the MCO Card uses Visa’s global network, you will be able to use it in most countries and millions of stores worldwide.

What Rewards Can I Get With the MCO Visa Card?

The rewards you get for your MCO Visa Card is determined by your card tier.

While the basic tier (Midnight Blue) is free, you have to stake a specified amount of MCO tokens for at least six months – for example, 50 MCO for the second tier (Ruby Steel) – to access higher card tiers and better rewards.

Unlike at some competitor solutions, you also get cashback rewards with the basic Midnight Blue tier (1%).

However, if you stake MCO tokens, you can get an up to 5% cashback in MCO tokens on your card transactions.

In addition to the above-mentioned cashback rate, you get the following benefits for the highest MCO Card tier (Obsidian):

  1. Free Spotify subscription
  2. Free Netflix subscription
  3. Free Amazon Prime subscription
  4. 10% Expedia cashback
  5. 10% Airbnb cashback
  6. The ability to earn bonus interest on your tokens
  7. Exclusive merchandise welcome pack
  8. Access to Crypto.com Private
  9. LoungeKey Airport Lounge Access for you and a guest
  10. $1,000 of free ATM withdrawals every month
  11. Unlimited currency exchanges on interbank rates
  12. A metal card (all MCO Card tiers include a metal card except for Midnight Blue)

For more information on MCO Visa Card rewards, we recommend visiting Crypto.com’s website.

How Do I Top Up the MCO Visa Card?

You can top up your MCO Visa Card easily within your Crypto.com wallet using the “Top Up” menu under the “Card” section inside the app.

Based on where you are located, Crypto.com offers multiple payment methods you can use to load your MCO Visa Card with funds.

For example, in the United States, you can top up your MCO Visa Card with the following cryptocurrencies:

  1. Bitcoin (BTC)
  2. Litecoin (LTC)
  3. Ethereum (ETH)
  4. Ripple (XRP)
  5. PAX Standard (PAX)
  6. TrueUSD (TUSD)
  7. EOS
  8. Stellar Lumens (XLM)

US customers can top up their MCO Card with fiat currency (USD) via a credit card or bank transfers.

On the other hand, in addition to card top-ups, EU customers have access to low-cost SEPA bank transfers to fund their MCO Visa Card.

What Are the Fees for Using the MCO Visa Card?

Compared to other crypto debit card solutions, the MCO Visa Card features competitive fees.

You don’t have to pay a dime for card issuance while account and card maintenance are also free.

Furthermore, crypto-to-crypto exchanges, internal transfers (to other Crypto.com users), as well as SEPA withdrawals and bank transfer deposits come at no cost.

Until you reach your limits – which are very generous for even the basic Midnight Blue tier ($200 for ATM withdrawals and $2,000 for interbank exchanges) – you don’t have to pay for ATM cash withdrawals and currency conversions.

However, after your monthly limits are reached, Crypto.com charges 2% for ATM withdrawals and 0.5% for interbank exchanges.

Also, there is an inactivity fee where you have to pay approximately $5 after being inactive for 12 months.

While instant fiat-to-crypto exchanges (via credit cards) will cost you 3.5% per transaction, Crypto.com will charge $50 for card re-issuances and upgrades, as well as for account closures.

For more information on the MCO Visa Card’s fees, we recommend checking the “Fees & Limits” menu inside “Settings” in the Crypto.com smartphone app.

What Are the Pros of the MCO Card?

  1. Widespread availability, including the European Union, the UK, the US, Canada, and some APAC countries
  2. High free ATM withdrawal and interbank exchange limits for even the basic tier
  3. Premium benefits and great crypto cashback rewards at higher tiers
  4. A decent ecosystem where you have access to multiple Crypto.com products and services in addition to your MCO Visa Card
  5. The basic 1% cashback rate for the free Midnight Blue tier is highly competitive among cryptocurrency credit cards
  6. Unlike most of its competitors, there are no foreign exchange fees at Crypto.com until you reach your monthly limits. And, even when you reach your limits, you get interbank rates for currency exchanges where Crypto.com charges only 0.5%

What Are the Cons of the MCO Visa Card?

  1. While the highest tiers provide tremendous benefits and high cashback rates, they are inaccessible for most users due to the excessive staking requirements
  2. Staking MCO tokens at higher levels come with increased risks of volatility, which may result in losses for MCO cardholders
  3. To continue receiving most of the benefits for higher tiers, you have to keep staking MCO tokens after the initial six-months period

The MCO Visa Card: An Excellent Crypto Credit Card Solution With Widespread Availability

The MCO Visa Card is indeed one of the best crypto credit cards on the market.

In addition to the competitive fees, the Monaco Visa Card offers excellent cashback rewards and access to premium features and benefits at higher tiers.

Even at the lowest Midnight Blue tier, you get 1% cashback on all your card transactions, which is highly competitive among crypto debit cards.

With the high limits for free ATM withdrawals and interbank exchanges, as well as access to other products in Crypto.com’s ecosystem, the MCO Visa Card could be a great choice for cryptocurrency enthusiasts in the EU, UK, US, Canada, and APAC countries.

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The floodgates are open.

Thousands of lawsuits are moving forward. States are writing new rules for kids online. And lawmakers are beginning to tell AI companies what they can and cannot do when children use their products.

And you don't have to look far to see it happening...

The courts: 3,000+ lawsuits get the green light

On August 10, the Ninth Circuit allowed more than 3,000 lawsuits against Meta, Google/YouTube, TikTok and Snap to move forward.

The cases allege that the companies deliberately designed features of their platforms to be addictive, particularly for young users.

The tech companies had argued that Section 230 of the Communications Decency Act protected them from the claims. The court rejected their attempt to use Section 230 to stop the litigation at this stage, finding that it provides a defense rather than immunity from being sued.

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The companies will still have the opportunity to defend themselves against those allegations.

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New Jersey: families get a way to enforce the rules

One day later, New Jersey Governor Mikie Sherrill signed the New Jersey Kids Code Act into law.

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An individual under 18 who is injured by a violation can bring a claim under the law, with statutory damages of $5,000 per violation. Parents may also bring an action on a minor's behalf.

Which is legal language for something pretty simple: families don't have to wait around for a regulator to act. They can take companies to court themselves.

Colorado: AI safety starts becoming a legal requirement

Then there's Colorado.

Earlier this year, Governor Jared Polis signed Colorado HB 26-1263, establishing specific requirements for operators of conversational AI services.

And this one is worth paying attention to because the law doesn't simply tell AI companies to "keep kids safe." It starts defining what that actually means.

Operators must estimate users' ages. When dealing with minors, the law requires recurring disclosures that they are interacting with AI rather than a person and establishes protections around sexually explicit interactions.

It also addresses one of the most unsettling questions surrounding companion-style AI: emotional dependence.

The law requires safeguards designed to prevent conversational AI from producing statements that simulate emotional dependence. It also requires protocols for responding to suicidal ideation and self-harm, privacy and account-management tools for minors and parents or guardians, and reporting requirements intended to help regulators evaluate whether those safeguards are actually working.

The law takes effect January 1, 2027.

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It's no coincidence that this is all happening at once.

Big Tobacco didn't wake up one morning and discover the world had changed its mind. The reckoning came piece by piece, until lawsuits became regulation and an industry that had spent decades setting its own standards was finally forced to take responsibility for the harm its products caused.

We're watching that shift happen again.

For years, the responsibility for keeping kids safe online has fallen on parents.

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If children are using your products, what are you doing to keep them safe?

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Now, we want to be fair here, because the easy thing is to dunk and move on. But we’re parents here at Permission and anyone who has done the 7:40 a.m. drive on four hours of sleep, refereeing a backseat dispute about who touched whom first, knows the exact fantasy of a button that handles the morning. That instinct isn't a character flaw. It's a Tuesday.

But this wasn't a one-off. Altman has been quietly auditioning AI for the co-parent role for a while now. On The Tonight Show in December 2025 he said he couldn't imagine having to "raise a newborn without ChatGPT" then added that people had managed the trick for a few hundred thousand years without it. Also, last year, in a podcast hosted by Andrew Mayne, Altman admitted that people might form “problematic parasocial relationships” to a chatbot. (You know, the one-sided kind that we usually reserve for celebrities we've never met.) He sees the hazards clearly. He's pitching the product anyway.

When visibility turns into vulnerability.

The reason parents flinched at the idea of carpooling with a chatbot for school drop off isn't that they're allergic to convenience. It's that the company making the offer is, right now, being sued by multiple families who say its chatbot played a role in their loved ones' spiraling delusions and, in the worst cases, their deaths. OpenAI says it is continually improving how its models handle sensitive conversations, and that work genuinely matters. But you can see the problem. "Let me into your calendar, your commute, and your kids personal details" is a big ask from anyone. It is a much bigger ask from a company currently explaining itself in court.

Trust isn't a feature you ship in the next update. It's something people hand you slowly, and take back all at once.

Here's where we should admit an interest. We build Permission on a belief that sounds boring until you sit with it: your data belongs to you. With Permission your kids’ browsing history doesn’t get shipped out to the open internet. Not to a model, not to a growth chart, not to whoever posts the next cool use case. And the closer AI creeps toward our kids (and it is creeping, because kids are already asking it everything) the more one question starts to outrank all the others:

Where is the line between parenting and outsourcing parenting?

Because "parenting tool" is doing a lot of quiet work in that phrase. A tool is a hammer. It lives in a drawer, it does one honest thing, and it does not ask to read your child's messages or move into the family calendar. When a company calls its chatbot a "parenting tool," it's worth asking, gently, which word they mean. The tool part, or the parenting part.

We happen to think AI can be genuinely, unglamorously useful to families. Not by doing the talking for you, but by handing you the context you'd otherwise miss instead of a thousand panicked notifications, and then getting out of the way so you can make the call. That's a real distinction, and it deserves its own piece.

So take this as Part One: the news, the flinch, and the reason the flinch is earned. In Part Two, we'll make the harder and more hopeful argument that you can let AI help you parent without completely handing over your family secrets. There is a version of this where the grown-ups stay in charge. We think it's the only version worth building.

For now, the seven best words anyone has offered on the whole affair still belong to Hirsch. So we'll give him the last one, too.

What if you just talked to your children?

‍