Crypto.com and Mastercard have launched a new payment card in Bahrain, the first step towards delivering this innovative solution to the Gulf Cooperation Council (GCC) region. Crypto.com will release the card in January 2025, offering spending incentives of up to 8% across all five card tiers, including the premium Black Obsidian option.
The Crypto.com app allows users to fund their cards with e-wallets or third-party credit and debit cards. Cardholders will find the benefits more convenient and accessible when denominated in US dollars.
The program, initially focused on Bahrain, aims to expand to other GCC countries, including Saudi Arabia, Kuwait, Qatar, Oman, and the United Arab Emirates. This cooperation gives Crypto.com access to Mastercard’s global network, allowing transactions anywhere Mastercard is accepted.
This initiative demonstrates Crypto.com’s dedication to accelerating bitcoin adoption by developing real-world payment options that work smoothly with existing financial systems. We expect the card to give consumers a safe, efficient, and innovative way to use their digital assets in everyday transactions.
By releasing this Mastercard-powered card in the GCC, Crypto.com hopes to enhance its position in the region and contribute to the rising acceptance of cryptocurrencies as a legitimate payment method.
