Crypto.com, a Hong Kong-based payments and cryptocurrency platform, announced on Friday its Crypto.com Chain Token (CRO) has been listed on Bittrex International, an international exchange by a premier U.S.-based blockchain trading platform Bittrex.
According to Crypto.com, the Crypto.com Chain is a “high-performing” native blockchain powering Crypto.com Pay, which allows customers to pay for goods and services with cryptocurrency while receiving generous cashback rewards. It was revealed:
“For merchants, Crypto.com Pay offers the option to get paid in any crypto without being exposed to its inherent volatility and enjoy greatly reduced processing fees and near instant settlement.”
Speaking about the token’s launch on Brittex, Kris Marszalek, Co-Founder and CEO of Crypto.com stated:
“The Crypto.com Pay SDK has shipped and we will open the platform to our 400,000 users next week. The CRO token serves as a cross-currency settlement instrument for our native blockchain. Further listings of the token will increase liquidity necessary to support transaction volumes and settlement for our growing list of merchants.”
Founded in 2016, Crypto.com is on a mission to accelerate the “world’s transition” to cryptocurrency. Its key products include Crypto.com Wallet & Card App, a place to buy, sell, and pay with crypto, the MCO Visa Card, a metal card with no annual fees, and the Crypto.com Chain, which enables users to pay and be paid in any crypto, anywhere, for free.