Top-tier exchange owned by Crypto.com announced It upgraded its payment services with new features and more coins.
According to the exchange, the development is aimed at enhancing the user experience, allowing them to buy more cryptocurrencies with credit or debit cards.
Notably, Crypto.com integrated a DeFi wallet into its Crypto.com Pay in January to allow users to make purchases securely and seamlessly. crypto With their fiat card.
Crypto.com Now Allows Users to Buy More Tokens Using Fiat Cards
Crypto.com DeFi Wallet is a non-custodial wallet that allows users to access all DeFi services in one place.
According to the Crypto.com website, the app enables users to manage over 700 tokens across 30+ blockchains.
Users can swap tokens, earn rewards, manage their NFTs, and connect to DApps at lightning speed.
Initially, the DeFi wallet only supported Bitcoin (BTC), Ethereum (ETH) and Cronos (CRO).
But now they have added MATIC, USDC and DAI with Crypto.com Pay to allow direct credit or debit card payments.
Furthermore, Crypto.com Pay will support more countries in Asia, Europe, Latin America, and Australia as a payment method for buying crypto in the DeFi wallet app.
Users from supported countries can buy their favorite tokens using their credit cards or other existing payment methods.
Using the new feature, when users tap “Buy” on the DeFi wallet’s homepage and select the asset they want to buy, Crypto.com Pay will appear as a new payment method.
The app will redirect users who have selected Crypto.com Pay as their preferred payment option to the Crypto.com Pay page, where they can complete their purchase with a fiat card.
In addition to supporting direct fiat purchases of MATIC, USDC, and DAI, the exchange listed the new coin on its DeFi wallet app.
According to a tweet, Crypto.com has listed PEPE, Limewire Token (LMWR), Milady (LADYS). Beat, and Fulcrum (FUL) in DeFi wallet.
Crypto.com Expands Despite Significant Setbacks
Crypto.com is a Singapore-based cryptocurrency exchange and one of the top rated crypto trading platforms.
As of May 2022, the company had over 50 million customers and 4,000 employees.
However, the crypto exchange faced several challenges, including the January 2022 $15 million ether hack, significant layoffs, and its native token Kronos (CRO) losing $1 billion in value.
Despite the setbacks, Crypto.com has been successful in its operations, securing regulatory approval in several jurisdictions.
even acquired two South Korean startupsPayment service provider PnLink and virtual asset provider OK-BIT in August 2022.
Additionally, Crypto.com carried out several high-profile promotional activities.
These include a naming the deal $700 million for the Staples Center in Los Angeles.
At press time, its native token CRO is trading at $0.063914, with a 1% 24-hour price increase.
The latest development could boost CRO prices as more people can access it through direct fiat purchases.