Fintech platform Crypto.com has enabled USD fiat currency withdrawals via Automated Clearing House (ACH) for US-based users.
Crypto.com disclosed this in a blog post on April 22. It pointed out that this feature was highly in demand from the platform’s US-based users. So, to address this need, it has added support for ACH withdrawal of the fiat for the US clients.
Besides announcing in its blog, the platform also posted adding the new feature in an official tweet.
— Crypto.com (@cryptocom) April 22, 2020
Crypto.com mentioned that this move would further strengthen the utility and accessibility of its platform, especially for its US-based clients.
Notably, the platform stipulated in the blog post that there would be no fees applicable for these USD withdrawals. It, however, added that the receiving bank might levy some charges from the users for facilitating the transactions.
Crypto.com also made it clear that the estimated charges would vary according to the location of the recipient bank account. So, when a client submits the withdrawal request, there will be an automatic calculation and deduction of the facilitation charges from the amount.
There is a detailed guide for users wishing to make use of the new feature.
Crypto.com unique features
The payments and card provider had recently added support for VeChain VET tokens on its Syndicate Lite platform, among several other unique features.
The firm also recently offered customers the option to fund their wallets via EUR bank transfers from accounts in the Single Euro Payments Area (SEPA).
Notably, among several unique features, the platform has recently listed its MCO token on CoinDCX besides integrating Crypto.com Pay on Ledger. Moreover, as the global pandemic crisis continues to ravage, it also introduced several attractive discounts for its users.
Headquartered in Hong Kong, the fintech platform started out in 2016 and has recorded considerable growth since then. Crypto.com provides a compelling alternative to traditional financial services. Notably, it has a stated objective to help achieve “cryptocurrency in every wallet”.
Crypto.com also recently obtained a policy of about $100 million through a global insurance marketplace as a coverage for the digital assets of users held in their accounts.