What is the Crypto.com card and how does it work?

The Crypto.com card is a prepaid Visa card that allows users to convert their cryptocurrency holdings into fiat currency for spending on everyday purchases wherever Visa is accepted. Users must first buy and hold certain amounts of the platform's native token, CRO, to be eligible for higher-tier cards with additional benefits. By staking these tokens, users can access various card options with escalating rewards and perks such as cashback, free subscription services like Spotify or Netflix, and airport lounge access. To use the card, one transfers cryptocurrency to their Crypto.com account, exchanges it for fiat currency (like USD or EUR), which then gets loaded onto the card. When making purchases, the merchant receives fiat currency as payment, thus streamlining the process for seamless use in day-to-day transactions.