Crypto.com introduces US payment feature with rewards and brand choices.
On May 31st, Crypto.com, a cryptocurrency exchange based in Singapore, announced a new feature for its mobile app that allows users in the United States to use over 30 cryptocurrencies, including CRO, BTC, ETH, and USDT, to make payments at more than 150 recognized companies. Users will be able to earn up to 10% in Pay Rewards, paid in CRO, Crypto.com’s native cryptocurrency. However, there is a monthly rewards limit of $100, and if a payment is canceled or refunded, the rewards will be forfeited. The new feature is an exclusive one-time-use card that can be used at major brands such as Apple, Nike, Walmart, Ray-Ban, and GameStop to make payments.
The New Feature Is Currently Available Only in the US
The payment feature is currently only available to users in the United States, but Crypto.com stated that they are working to implement it in other markets soon. They did not provide any hints about which country will be chosen next. The company also warned that it reserves the right to modify this offer at any time, as there is no partnership between Crypto.com and the participating brands in this promotion. To use the one-time-use card, users should go to the Crypto.com app’s home screen and select the Pay option to view the more than 150 available brands. Once the desired brand is selected, they should click on the bottom icon, which displays a blue card, to view the offered products. Finally, they need to automatically create the one-time-use card with the desired amount in cryptocurrencies. Then, users can make purchases directly from the app without the need to exchange their cryptocurrencies for fiat.
Crypto.com Enhances User Experience with New Service Upgrades
In addition to the new payment feature, Crypto.com recently added support for various tokens such as MATIC, DAI, and USDC through its DeFi wallet service. They also launched an innovative AI-based assistant that uses the GPT API to provide intuitive responses and assistance, streamlining the use of their services. Furthermore, the cryptocurrency platform expanded the reach of its Pay service to over 108 countries in Asia, Europe, and Latin America, so the new payment feature may soon be available in Latin American countries where the use of cryptocurrencies has become a necessity rather than just an option to overcome the inflationary crisis. These updates demonstrate the company’s commitment to offering new features to users, aiming to facilitate and make cryptocurrency adoption more accessible worldwide.
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