In this social distancing world, cryptocurrency wallets are playing an important role in facilitating payments, and undoubtedly, Crypto.com is one of the most interesting ones. This project features a decentralized crypto payment wallet. There are a few compelling reasons why you should be interested in this project.
What Is Crypto.com?
Crypto.com is a payment platform that offers users an exceptional wallet that enables global transactions for individuals as well as businesses. Its wallet is a one-stop-shop for users to buy, save, and spend cryptocurrencies.
Ten Reasons To Buy Crypto.com
1. Crypto.com offers different products and services in different verticals:
Payment services through Crypto.com Pay and Visa Card.
Trading options using the Crypto.com app and Crypto.com Exchange.
Financial assistance like Crypto Earn and Crypto Credit.
2. Visa cards
These cards are launching in different countries like Canada, Australia, and more. Users can spend and withdraw their cryptocurrency wherever Visa is accepted. Furthermore, users can top-up their mobiles via Crypto.com Pay. The users can spend their crypto assets such as BTC, ETH, CRO, and many more to make these payments.
3. Crypto.com Pay
It can help users save up to 80% in fees on different payment processors. It also allows users to get paid in their preferred fiat currency. Also, for each purchase made across the globe, the users can pay in crypto and receive CRO cashbacks.
4. Crypto.com Chain
Transactions on this chain are instant and confirmed with minimal fees. This chain is fault-tolerant and is an open-source project. Besides this, users can also use the Crypto.com Exchange for trading, which is powered by the CRO token. It offers features like deep liquidity, low fees, and best execution prices.
5. There are no annual fees associated with the company’s Visa cards, but there are quite a few perks, depending upon the level of card held. According to the website, users can receive up to 5% cashback on purchases and get unlimited airport lounge access on selected cards. Users can also enjoy memberships on Spotify, Netflix, and Amazon Prime and get up to 10% discount on Expedia and Airbnb.
6. Its wallet offers some great features, like the ability to buy tokens. The users can buy tokens using credit/debit cards or even via bank transfer. It also supports the monitoring of different coins. Additionally, the Crypto.com Chain mainnet will launch in the first quarter of 2021.
7. The Crypto.com app enables users to apply for and manage their Visa card worldwide. It has a facility to convert cryptocurrency into fiat for spending. The fiat support includes USD, EUR, GBP, and many more. Furthermore, this mobile app can be downloaded via Google Play Store and Apple Store for reservation of cards.
8. Wallet users can also earn interest up to 8% per annum on some cryptocurrencies, and up to 12% per annum on many stablecoins. Users can send crypto to other app users instantly without paying any fees.
9. Crypto.com DeFi Wallet
It is one of the best places to swap and farm DeFi coins. Liquidity providers (LPs) also receive incentives for contributing to liquidity pools. Users can easily connect the DeFi wallet to the CRO app. Moreover, to customize its infrastructure and interface, they have partnered with Microsoft Azure.
10. Users can get the credit limit they need and they also get spending power through monetization of their crypto assets. Besides this, they can pay without any credit check and statement deadlines. Users can also deposit cryptocurrencies as collateral to borrow a crypto loan.
Research & Education
Crypto.com has its own research team. They publish articles and reports, as well as work hard to educate people about the crypto space.
Crypto.com University – It upgrades the new crypto user’s knowledge by providing educational materials about blockchain and cryptocurrencies.
Crypto.com Research Hub is a free online platform that offers a wide range of materials for trading enthusiasts.
1. They have partnered with Booking.com to offer lucrative travel discounts to its users. Users now enjoy up to 25% off on Booking.com, which has over 28 million accommodation listings.
2. Crypto.com and Alchemy partnered to build an API and developer platform. By this, they will simplify the integration of exchanges and wallets on the Crypto.com Chain. Moreover, users can also use the Ledger hardware wallet to manage their assets.
3. Crypto.com is a member of the International Digital Asset Exchange Association (IDAXA). The organization proposes regulations and sets industry standards.
4. Crypto.com and Travala.com announced a strategic partnership, which includes the integration of Crypto.com Pay on travel websites. Furthermore, Travala.com now accepts CRO Coin, BTC, LTC, ETH, and XRP through Crypto.com Pay.
5. They have announced a collaboration with Ledger for its institutional-grade custody solution. The partnership is very valuable because Ledger is a global leader in security and infrastructure solutions for blockchain applications and cryptocurrency.
6. CRO also collaborated with YSNEAKERS to implement Crypto.com Pay on their e-marketplace. Users can shop for sneakers by paying with a cryptocurrency of their choice. Additionally, anyone can use a Crypto.com Wallet scan or QR code for shopping.
7. They partnered with Binance. Under this partnership, Crypto.com supports Binance’s BNB token to its platform, which includes its Visa card and mobile app.
8. Kaiko is a market data provider for institutional investors. It uses the Crypto.com Pay invoicing feature. Additionally, clients of Kaiko can now pay invoices in popular cryptocurrencies.
Crypto.com Coin’s Technical Analysis
Crypto.com’s price at the time of press is $0.070019 with a 24-hour trading volume of $68,184,720. The circulating supply of CRO is 22.8 billion and a max supply of 100 billion. The popular exchanges for trading CRO are currently Huobi Global, OKEx, HBTC, and Xtheta Global.
CRO is already bottomed out and according to Fibonacci, it is facing resistance at the $0.0939 Level. If it will break out through this resistance, then it can reach $0.1176. It has immediate support at $0.0781.
Crypto.com is a trading platform that makes it easy to exchange and spend crypto with low fees from their Wallet. It has a vast number of crypto services like the exchange, DeFi swap, staking, and lending, which makes it a popular choice for one’s crypto wallet.
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