Jacksonville, New York City, Hong Kong, November 16, 2018 — Today, Metropolitan Commercial Bank and Crypto.com (through its affiliate Foris Inc.) announced that the companies are preparing to rollout the MCO Visa Card program in the United States following its launch in Singapore in October.
The MCO Visa Card is a prepaid card that features high-end metal cards with no annual or monthly fees, airport lounge access for select cards, no-fee ATM withdrawals, tap-and-pay functionality, and no foreign transaction fees.
Reservations for the MCO Visa Card are made using the Crypto.com Wallet & Card App which includes a three-minute customer onboarding process including ID verification. Using the Wallet app, customers are able to manage their card usage, transactions, and freeze or unfreeze their card with a single tap. To date, over 100,000 MCO Visa Cards have been reserved globally.
The Wallet app also allows users to securely buy, sell, store, send, and track cryptocurrencies – allowing users to spend fiat currency converted from cryptocurrency without currency exchange fees.
Mark DeFazio, President and CEO of Metropolitan Commercial Bank said: “We are pleased to work closely with Crypto.com and Foris in bringing this innovative product to the US market. This program speaks directly to The Entrepreneurial Bank spirit that we have and seek to promote. The MCO Visa Card is quite unique and provides a bridge between traditional banking and cryptocurrencies in a safe and compliant way.”
Kris Marszalek, Co-Founder and CEO of Crypto.com said: “We are thankful for the support of Metropolitan Commercial Bank in sharing our vision. The market demand for the MCO Visa Card has been overwhelming and we look forward to bringing it to customers as soon as possible. This is another important step towards our mission of accelerating the world’s acceptance of cryptocurrency.”
Note: All MCO Visa Card transactions are denominated in fiat currency. All cryptocurrency exchanges to fiat currency take place before users may use their MCO Visa Card to transact on the Visa network.
*Use of the Card is subject to the terms and conditions of the applicable Cardholder Agreement and fee schedule, if any. ATM bank fees may apply.
About Metropolitan Commercial Bank
Metropolitan Commercial Bank®, The Entrepreneurial Bank, founded in 1999 and headquartered in New York City, operates full-service banking centers in Manhattan, New York; Boro Park, Brooklyn; and Great Neck, Long Island. We are a community-focused bank that provides a broad range of business, commercial and personal banking products and services to small businesses, middle-market enterprises, public entities and affluent individuals. In addition to our tradition of relationship-driven, one-on-one personalized service, Metropolitan Commercial Bank offers multiple convenience delivery channels, including online banking, flexible mobile banking apps and no-fee access to over 1 million ATMs worldwide for our clients. The Bank is also an active issuer of debit cards for an increasing number of third-party debit card programs. Metropolitan Commercial Bank is a New York State chartered commercial bank, an FDIC member and an equal opportunity lender.
The parent company of Metropolitan Commercial Bank, Metropolitan Bank Holding Corp., also founded in 1999, is a publicly traded company. The common stock of Metropolitan Bank Holding Corp. is listed on the New York Stock Exchange (NYSE) and trades under the ticker symbol “MCB.”
For more information about Metropolitan Commercial Bank, visit the Bank’s website at www.MCBankNY.com.
Crypto.com, the pioneering payments and cryptocurrency platform, through its affiliates including Foris Inc., headquartered in Jacksonville, FL, seeks to accelerate the world’s transition to cryptocurrency. Crypto.com is headquartered in Hong Kong. For more information, please visit: www.crypto.com
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Industry-recognized leaders to support the company on its path forward
HONG KONG, September 26, 2018 – Crypto.com, the pioneering payments and cryptocurrency platform that seeks to accelerate the world’s transition to cryptocurrency, is pleased to introduce its Advisory Board which will help guide its future.
Kris Marszalek, Co-Founder and CEO of Crypto.com said, “As we begin the global rollout of our products, we are excited to announce the formation of our Advisory Board. This is a group of incredibly talented, seasoned executives who bring a track record of success and expertise in areas ranging from AI, trading technology, product to operations and talent. Our entire management team will benefit greatly from their advice, experience and network as we scale and expand globally.”
The inaugural advisory board members are as follows:
- Antoine Blondeau, Founder and Managing Partner at Alpha Intelligence Capital
- Rob Bier, Founder and Managing Partner at Trellis
- Chien-Liang Chou, VP Engineering at Flexport
- Chris Corrado, Group Chief Operating Officer and Group Chief Information Officer at London Stock Exchange Group
- Huey Lin, Chief Operating Officer at Affirm
- Dimitri Tsamados, Partner at Eric Salmon & Partners
Antoine Blondeau (AI) – Chairman of the Advisory Board
Antoine Blondeau is Founder and Managing Partner of Alpha Intelligence Capital, a global venture capital fund focused on deep Artificial Intelligence/Machine Learning technology companies. Antoine has 25 years of experience in the technology industry, having held senior leadership positions at Good Technology, Salesforce.com, and Sybase. Antoine’s career highlights include founding Sentient Technologies, as well as leading Dejima as CEO, the company that powered DARPA’s foundational CALO project that later evolved into Apple’s Siri. Antoine was also COO of Zi Corporation, whose smart text input software was embedded in hundreds of millions of devices.
Rob Bier (Organization Design & Scaling)
Rob Bier is Founder and Managing Partner of Trellis Asia, helping entrepreneurs develop high-performing teams and build hyperscaling organizations. Rob also serves as the non-executive chairman of MoneySmart. Rob began his business career at Monitor Group, where he rose to Senior Partner and head of their London office. He co-founded antfactory, one of Europe’s first digital venture capital firms, and founded and led SPARCK. After the acquisition by Citigroup, Rob became Operating Partner at TowerBrook Capital Partners, a US$10b private equity firm.
Chien-Liang Chou (Engineering)
Chien-Liang Chou is VP, Engineering at Flexport – a high growth startup. Prior to Flexport, he led LendingClub’s investor and platform groups, handling US$20b’s worth of asset transactions between borrowers and investors. Before LendingClub, he built and led all aspects of engineering at LOYAL3, an investment banking and IPO platform. Prior to that, he ran the application architecture committee at Salesforce for the CRM and call center product lines, where he was granted multiple patents and played an integral role in the company’s M&A activities.
Chris Corrado (Trading Technology)
Chris Corrado is Group Chief Operating Officer and Group Chief Information Officer of London Stock Exchange Group (LSEG). Prior to this, he was Managing Director at MSCI, responsible for technology, data services and program management, CIO/CTO, since 2013. Chris has held a variety of senior CTO roles in leading banks, including Morgan Stanley, Deutsche Bank, Merrill Lynch, and UBS. He has also worked for high growth technology companies such as eBay as CTO and AT&T Wireless as CIO.
Huey Lin (Operations)
Huey Lin is COO of Affirm which offers services that empower consumers to advance their financial well-being. Affirm was founded by Max Levchin and is one of Silicon Valley’s fastest growing fintech startups, having raised over US$500m. As COO, Huey is responsible for all aspects of operations, and scaling the company. Prior to Affirm, Huey spent nearly 12 years at PayPal in several key roles, including director of international risk policy & strategy and senior director of Asia-Pacific operations. She played an instrumental role in helping PayPal expand in Europe, meet critical global compliance requirements and was one of the first product managers.
Dimitri Tsamados (Talent)
Dimitri Tsamados is Partner at Eric Salmon & Partners, a leadership advisory and executive search firm. Drawing from over 20 years of experience in Asia and a long history of working with high growth companies Dimitri advises technology players across Asia. Before joining Eric Salmon & Partners, Dimitri was a founding partner of DTCA and a partner at CTPartners. He also founded Amhurst Gordon International, a search firm which he grew across East Asia and sold in 2005.
Crypto.com, the pioneering payments and cryptocurrency platform, seeks to accelerate the world’s transition to cryptocurrency. Crypto.com is headquartered in Hong Kong. For more information, please visit: www.crypto.com
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