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- Brazilian Portuguese version of Crypto.com App and Crypto.com Exchange now available for download from iOS & Google Play Store
- Brazilian Real added as a payment currency on Crypto.com
Crypto.com has recently added the Brazilian Real “BRL” as a fiat currency on its Crypto.com App and Crypto.com Exchange, making it easier for Brazilian crypto traders to transact on the platform. Amid its ongoing commitment to accelerate the world’s transition with cryptocurrency, Crypto.com’s decision to add BRL comes at a time when Brazil has been making great efforts to innovate its digital banking landscape. The addition of BRL to Crypto.com platforms was made in early May and zero-fee BRL bank transfers from the Crypto.com App can now be conducted.
On top of BRL integration, Brazilian Portuguese is now available as a language option on the Crypto.com App and the Crypto.com Exchange, rendering the user experience for Brazilian traders more enjoyable. A Brazilian Portuguese version of the Crypto.com App and Crypto.com Exchange is available for download, both from Apple’s iOS Play Store and the Google Play Store. Additionally, users can refer their friends and family by sharing their unique app referral link/code from the Crypto.com App. For each successful sign-up and stake, they will receive USD $25 worth of CRO rewards, deposited directly into their Spot Wallet. Download Crypto.com App via this link to start earning now.
Benefits of having BRL as a payment currency
BRL will now figure among the list of payment currencies featured on Crypto.com’s super app. This addition will mean that BRL bank transfers to the app can be conducted with zero fees. Additionally, this will enable crypto investors to circumvent foreign transaction (FX) fees from their banks.
With their funds, Brazilian traders can browse and trade over 100 cryptocurrencies on the Crypto.com App. This integration will also enable users to easily deposit Brazilian Reais into their Fiat Wallet using TED, DOC, or PIX transfers. Users can also buy over 100 cryptocurrencies at true cost using BRL, from $1 and with no fees. Although Crypto.com does not charge a fee for BRL bank transfers, banking institutions may potentially apply a processing fee.
To further optimize Latin American customers’ experience on Crypto.com, a Brazilian Portuguese version of the Crypto.com App is now available for download on the iOS and Google Play Store. This is a great optimization, as there are over 200 Brazilian Portuguese speakers that transact digitally on the daily. They also happen to be the largest online population in Latin America.
Needless to say, the addition of BRL as a fiat currency and Brazilian Portuguese as a language option is seen as a crucial move by Crypto.com to ensure crypto innovation in Brazil.
Crypto Earn feature
With their user experience now optimized, Brazilian traders can now leverage the ‘Crypto Earn’ feature. This will enable them to accumulate interest daily on over 20 cryptocurrencies including Pax Gold “PAXG,” USD Coin “USDC,” Tether “USDT,” Bitcoin “BTC,” and more. Depending on the crypto asset they decide to hold on Crypto Earn, each trader will receive and earn a different amount, as each cryptocurrency generates a different interest rate. Once the deposit is confirmed, interest will start to accrue immediately.
With PAX Gold “PAXG” digital tokens, investors can earn 3% per annum on their crypto deposits when they deposit USD $4000. With stablecoins like USDC and Tether, Crypto.com users can earn a hefty 12% on any deposits of USD $4000. On Crypto.com’s website, Brazilian investors can calculate their crypto reward rates, which are also dependent on the duration of their deposit term.
This is a huge advantage for Brazil, as ‘Crypto Earn’ is not available in every region. All Crypto.com users are eligible to leverage this feature except for those residing in Hong Kong SAR, Switzerland, and Malta. Currently, Crypto.com is taking additional measures to get this feature approved for these jurisdictions.
With these incredible tools provided by Crypto.com, Brazil’s journey to achieving financial freedom has now been made a little easier. With over 100 cryptocurrencies to choose from and with the Crypto Earn feature, Brazil can greatly benefit from trading, storing, and transacting in crypto and fiat on Crypto.com App and Exchange.
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