Hong Kong-based cryptocurrency platform Crypto.com announced on Tuesday the alpha version release of the Crypto.com Chain public testnet. According to Crypto.com, the launch comes ahead of schedule and 10 months after the announcement of the Crypto.com Chain, which is a high-performing blockchain powering the QR Code payment solution Crypto.com Pay that allows users to pay or get paid in crypto anywhere using their mobile phone, thus driving cryptocurrency adoption globally.
The Crypto.com Chain Testnet has notably been named “Thaler.” Crypto.com further explained:
“The name Thaler dates back nearly 500 years, referring to a silver coin that brought trading activities across Europe to unprecedented heights. Thaler came to symbolize the power of money as a common language to denominate value. Crypto.com Chain adopts the ‘Thaler’ name to pay homage to the legacy of money, with the vision to take payment to the next level.”
While sharing more details about Thaler’s launch, Kris Marszalek, Co-founder and CEO of Crypto.com, added:
“The launch of the Thaler Testnet marks a major milestone for the Chain project and strengthens the utility of its native token the Crypto.com Coin (CRO). This is another deliverable achieved ahead of schedule communicated in the Crypto.com Chain whitepaper.”
