A Deeper Look at the Crypto.com Ecosystem

Introducing the Crypto.com Mobile Application

The Crypto.com App was designed to give users financial accessibility and freedom, providing multiple services in an easy-to-use interface. By integrating a simplified way for users to buy, store, send, sell, and track their crypto assets, the app lays a strong foundation for the overall Crypto.com ecosystem. As of October 2020, the app supports more than 80 cryptocurrencies and seven global fiat currencies. The Crypto.com App also consists of several advanced features, including:

●  Crypto.com Pay

●  Crypto Earn

●  Crypto Credit

●  Crypto Trading (via the Crypto.com Exchange and App)

●  Crypto.com DeFi Wallet and DeFi Swap

Crypto.com Pay via the Crypto.com App and Visa Card 

The Crypto.com Pay solution is powered by the Crypto.com Chain and is designed to allow users to pay in crypto and receive crypto, with no hidden fees. Crypto.com Pay is responsible for four main services:

1. Pay Checkout: Provides a way for users to pay in crypto and gives merchants the ability to receive crypto as a payment option (both online and offline) with instant settlement and no fees. The service is designed with its own desktop interface that helps the merchant keep track of all user transactions and payments. The system also allows customers to receive cashback in different amounts related to their Visa card tier.

2. Pay Gift Cards: Lets users shop with prominent global brands (such as Nike, iTunes, Amazon, and Starbucks) and receive cashback in CRO coin after each purchase.

3. Pay Airtime Top-Up: Gives users the ability to top up their mobile phone minutes by paying with crypto through more than 340 mobile service providers globally.

4. Pay Your Friends: Allows users to pay their friends in crypto and receive awards for paying in CRO coin, with up to 10% CRO coin cashback per transaction.

Crypto Earn via the Crypto.com App

Crypto Earn allows users to stake eight different stablecoins and 25 different crypto assets — including CRO coin, BTC, ETH, XRP, and LTC — and makes use of three standardized terms for staking crypto:

1. Three-month fixed term

2. One-month fixed term

3. Flexible holding term

Users are rewarded with weekly payouts of up to 12% APY, with stablecoins paying the highest yearly rewards. Staking rewards go up when a user holds at least 25,000 CRO coins.

Crypto Credit via Crypto.com Mobile App

Crypto Credit enables users to receive an instant crypto loan by providing CRO, BTC, ETH, XRP, LTC, XLM, or EOS as collateral. There are no credit checks and no deadlines for repayment. Loans are paid in stablecoins to curb volatility. With this system, Crypto Earn gives users the flexibility to receive cash when they need it most.

Crypto Trading via Crypto.com Exchange and Mobile App

The Crypto.com App helps users trade, buy, sell, store, send, and track their crypto assets in a secure and simplified manner. The Crypto.com Vortex Trading Engine pools liquidity from major crypto exchanges to provide the best execution price. In addition, the solution employs direct integration to the desktop-based Crypto.com Exchange. The Crypto.com Exchange solution provides deep liquidity, a competitive fee structure (with CRO-holder discounts), and access to 33 crypto assets — all within an institutional-grade trading platform. The Crypto.com Exchange also allows users to stake their CRO coin and receive several benefits like discounted trading fees, access to trading competitions and participation in token discount distribution events.

Crypto.com DeFi Wallet and DeFi Swap

The Crypto.com DeFi Wallet is a non-custodial wallet solution that gives users the freedom to manage their finances independently, whereas the Crypto.com App is custodial. Users must pay transaction fees but are not required to perform Know Your Customer (KYC) to use the DeFi Wallet, while both are required to use the Crypto.com App. Crypto.com DeFi Swap is designed to allow users to swap and farm DeFi coins by leveraging industry-proven DeFi protocols alongside a CRO-powered incentivization program. DeFi Swap is a decentralized protocol built on top of the Ethereum network, and as such, its structure prioritizes transparency, trust, and usability.

Crypto.com Visa Card Payment and Rewards System

The Crypto.com Visa Card payment and rewards system is made up of seven different card tiers, with each one providing successively more features depending on the total amount of CRO coin staked. The Crypto.com Visa Card gives users the ability to transact with no fees at over 50 million merchant locations globally. Users are able to employ instant top-up and payment finalization, make purchases at interbank exchange rates with no extra charge, and benefit from accumulating cash-back rewards as well as special-access perks (such as airport lounge access and reimbursement of Airbnb charges) each time they use their card. In descending order of benefits value, the different Visa card tiers and their benefits are:

Obsidian (user must stake 2,500,000 CRO): features 8% CRO coin cashback on purchases, $1,000 USD of free ATM withdrawals per month, and unlimited foreign currency transactions. Other benefits of this Visa tier include:

• Crypto.com Private membership

• Up to 100% reimbursement on Spotify, Netflix, and Amazon Prime memberships

• 10% repayment on Airbnb and Expedia charges

• Airport lounge accessibility and the ability to bring one guest

• Crypto.com Private Jet partnership

Icy White and Frosted Rose (user must stake 250,000 CRO): features 5% CRO coin cashback on purchases, $1,000 USD of free ATM withdrawals per month, and $20,000 USD in foreign currency transactions per month. Other benefits of this Visa tier include:

• Crypto.com Private membership

• Up to 100% reimbursement on Spotify, Netflix, and Amazon Prime membership products

• 10% repayment on Expedia charges

• Airport lounge access, including an accompanying guest

Jade Green and Royal Indigo (user must stake 25,000 CRO): features 3% CRO coin cashback on purchases, $800 USD of free ATM withdrawals per month, and $10,000 USD in foreign currency transactions per month. Other benefits of this Visa tier include:

• Up to 100% reimbursement on Spotify and Netflix membership products

Ruby Steel Visa (user must hold 2,500 CRO): features 2% CRO coin cashback on purchases, $400 USD of free ATM withdrawals per month, and $4,000 USD in foreign currency transactions per month. Other benefits of this Visa tier include:

• Up to 100% reimbursement on Spotify membership products

Midnight Blue Visa (user is not required to stake any CRO tokens): features 1% CRO coin cashback on purchases, $200 USD of free ATM withdrawals per month, and $2,000 USD in foreign currency transactions per month.