THE CRYPTO DOT COM EXCHANGE
Update May 27, 2020
Note from Gary: The Crypto dot com VISA debit card I applied for arrived promptly, yesterday, on May 26. The presentation is above average in professionalism and attention to detail.
20 MAY 2020/COMPANY
Introducing the Crypto.com Wallet
The non-custodial wallet allows users to control their own private keys
Crypto.com announced today that it has launched the Crypto.com Wallet, taking another step closer to achieving a full decentralised product offering. Through the Crypto.com Wallet, customers gain ownership of their private keys, allowing them to freely send and receive crypto directly on the blockchain.
Key features of the Crypto.com Wallet, presented as a standalone mobile app:
Kris Marszalek, Co-Founder and CEO of Crypto.com said: “Crypto.com is focused on developing highly secure, user-friendly products that help people benefit from the power of crypto. We are driven to continue building and investing in a range of decentralized finance (DeFi) products that will allow users to take control of their money, data and identity — we believe that it’s your basic human right. Our non-custodial Wallet is a first step, but everyone should expect this app to evolve rapidly into a category-leading product in terms of UX, features and incentives.”
From Crypto News:
What Is CRO?
Crypto.com Chain is yet another project launched by the Hong Kong-based payment and cryptocurrency platform company Crypto.com (also known as “CRO Protocol Labs”). The Chain has its own Crypto.com Chain (CRO) Token which is supposed to allow the users to make cryptocurrency payments to as many globally available merchants as possible. This is to be done by making the CRO an intermediary currency which will allow for the conversion of cryptocurrencies to their fiat counterparts at much reduced cost. By this, the Crypto.com team hopes to combine the token’s global ambition with the adoption support inspired by real-life use cases.
Despite tracing back its history to late 2018, the CRO token and the Crypto.com Chain project have made headlines in early 2019, based on the token’s dramatic price increases which propelled it to the top 50 position on the CoinMarketCap’s ranking (as of April 2019) from the lower top 100 tier it occupied earlier.
What Is Crypto.com Chain Attempting to Do?
Crypto.com Chain is billed as the “next generation” platform which should bring together the merchants and cryptocurrency users on a public blockchain capable of supporting instant, cost-efficient and secure transactions among them. This is to be done by allowing the Chain to tackle some of the issues which are being described as the main snags on the blockchain’s path to a wider adoption:
Who Are the Participants in the Crypto.Com Chain Ecosystem?
While being open to everyone, Crypto.com Chain has defined roles for various actors seeking to participate in it, with a set of incentives earmarked for each group of participants:
The registration process for customers involves several steps:
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