Today was an exciting day for Crypto.com (CDC) ! Major announcements were made at Blockshow and also during the meetup itself. I'll be sharing some key takeaways from today's talk by Kris and also sharing why the possibility of CDC being an exit scam (Yes I am invested but am still wary) dwindles away every day (if you've never heard of Crypto.com, you can check out my short write-up here). 

"Cryptocurrency in Every Wallet™", the vision of CDC, and every day we inch a step closer to achieving that vision. Termed "CRO Moon Stopover",  CDC Exchange went live in beta today. You can check the full details here. It was an interesting crowd, I was expecting a millennial crowd but there were more older men and women than I expected. As expected though, I was far from the average age of the crowd. 

You must be thinking, "Another exchange? But we already have so many! How can CDC compete? What is the point even?". Well, as Kris sums it up, CDC is looking at a very long time frame (5-10 years). They aim to be a full fledged crypto ecosystem and having an exchange makes sense in fulfilling that end goal. Lots of effort and time has been put into building this exchange and even now, it is still only in beta. The reason why CDC is late to the party is because they have been working hard to get their regulatory and security certificates (CCSS Level 3, ISO 27001:2013 and PCI:DSS 3.2.1 (Level 1) compliance certifications). This is to make sure that the exchange is fully safe (from hackers) and compliant to regulations worldwide, on top of being a functional exchange. No other crypto wallet, crypto card or exchange project/company can compete with CDC. It truly is the BEST.

Up next, let's look at the exciting new Roadmap revealed today.

Pardon the blurry picture but basically, the roadmap is divided into three main parts : Trading, Finance and Payments.

For Payments: Cards are already available in Singapore and USA, with APAC cards already being shipped this week. On the roadmap is EU next (already approved but shipping in Q1 2020), Canada and Latin America.

For Trading: Just more developments on their Beta Exchange Platform

and for the exciting one, Finance: A huge emphasis was placed by Kris on "Not your keys, not your coin", he echoed this phrase many times. Even urging users who have their coins on the CDC custodial wallet app to transfer it out! Moving from a custodial wallet to a non-custodial one is one of the main agendas for 2020 and an exciting one indeed! The aim is to eventually allow users to manage their own private keys. Also, Kris has said that eliminating KYC is something he has in his mind, but is hard to do because of regulations. He believes that your personal information should not be shared with anyone. The CDC team will work on it and the end goal is a true De-Fi (Decentralised Finance) experience. Also briefly mentioned was, "Card Credit Power". Not much details were given (Kris said more info will be provided in March) but the general idea is to "never ever have to sell your coins" and "long crypto, short fiat".

"It's Your Basic Human Right to Control Your Money, Data & Identity"

Side note: Kris believes that fierce competition (exchanges HATING one another) in the Crypto Space is detrimental to the current landscape. He believes we should all work together. The main thing now is ADOPTION.

Lastly, I would like to add that the chances of CDC being an exit scam decreases day by day. Kris and his CDC team has been delivering on all their promises. All the skeptics and FUDers have mostly been silenced. Cards are available in US as promised, with Europe coming up VERY soon. They haven't been always on time, missing deadlines now and then, but they have acknowledged this fact! Kris himself admitted it during the meetup. Developments take time, a simple change of eliminating the requirement of "0.003 min BTC to buy " can take "weeks to months" to implement as mentioned by Kris. What is important is the communication on these deadlines, providing updates readily, actually delivering the promised product/feature in the end and most importantly, maintaining a strong consumer relation. A real, organic relationship between CDC and its consumers is what makes it stand out from other Crypto Projects. The release of their own Exchange also generates extra revenue for them. This extra revenue is important as many skeptics/FUDers who think CDC is an exit scam think that way because their rates and perks they give out are too good to justify getting any profits other than pulling an exit scam. Now with this upcoming extra revenue, their high rates and perks which they are giving out can be justified. With emphasis on DeFi, providing private keys and eliminating KYC and even Kris himself asking us to transfer our coins out of the CDC app just to be safe, Crypto.com has a bright bright future ahead! 

CDC has full steam and momentum leading towards the end of 2019 and towards 2020. The upcoming decade will be a great one for CDC and I see it as a very strong player in the Crypto Space. A message I saw earlier today on the CDC telegram group, "BTC and ETH puts the railway into place in a new free decentralised conscious paradigm. CDC contributes massively to the ecosystem around it". CDC will be the key driver of global adoption.

One wallet at a time.

If you haven't already, check out this article to find out how to sign up and get your own Crypto.com Metal Visa card. I hoped I manged to convince you to join this great community but if not, thanks for reading as well!! :) 

This was my first Crypto meetup/event and I'm excited for more to come! 🚀🚀🚀

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