Crypto.com is a payments and cryptocurrency company aimed to increase and globalize the adoption of cryptocurrency. As the company says they have actually laid down a concrete infrastructure to do so. Below is the list of crypto coins supported by crypto.com at the time of writing this article:
- ETH, MCO, CRO, BAT, ENJ, PAX, TUSD, ZRX, LINK, USDC
MATIC, CELR, FET, MANA, DAI, MKR, GNT, PAXG
OMG, KNC, HOT, WTC, ELF
Now, The question would be there are already so many wallets in the market some are aesthetically appealing e.g.: Exodus or Atomic and some have expansive service pool e.g.: Trust Wallet. And then there are some which are promising exchange wallets who hold on their own like uphold, challengly, coinbase. But the problem is all of these wallets are totally separate entity of their own - What I mean here is that these do not integrate banks into it which increases the cost of transactions since when you decide to liquidate your money you have to move those assets back to your bank and then you can use the fund.
Think of these wallets marrying a beautiful bank and giving birth to a child named crypto.com. No jokes, this is exactly what is crypto.com it gives you a visa based international debit card which you can use anywhere in the world with the lowest exchange rate possible and I bet you won't get anything lower than that and on every transaction you make you get cashback ranging from 1% to 4% depending on the type of debit card you hold. With varying perks, my favorite is green jade with this card my Netflix and Spotify expenditures are reimbursed damn what else can I expect from life and a bank. :*
Just to note though you can only spend fiat currency. However, crypto.com has one of the most amazing staking plans partly due to the fact that the company is new and still setting its foot down in the crypto space. I am currently staking CRO which is crypto.com's own exchange coin and when you stake it you get 18% p.a. returns, which is huge there are other cryptos which you can stake, check it on their website. Now CRO is their new asset apart from MCO which is also owned and circulated by Crypto.com and has grown from 0.7 to 4 dollars in just 3 years of time with an all-time high of 22 dollars. However, CRO has way more supply as compared to what MCO had it might not reach up to the same price but it will still gain and can even shoot to the moon, however, no one can say for sure how things will go in future for anything, but I am quite positive about crypto.com.
I love the idea and implementation of crypto.com this is definitely something needed for mass adoption may be in future we might be able to pay directly via crypto and crypto.com could be a leading pioneer for the change as more and more people start adopting new ways of banking.
IF YOU PLAN TO TRY IT USE MY REFERRAL CODE YOU WILL GET 50 $ WORTH OF MCO :P ofcourse me too, Happy Trading
Also they have released there new exchange platform, currently there is a syndicate offer going on where you can buy linkchain for half price do check it out. But read carefully before investing.