Hong Kong-based cryptocurrency platform Crypto.com recently announced Crypto.com Pay, which is the platform’s payment solution for online merchants, will now support CRO payments from any ERC-20 wallet. Crypto.com reported that the option will help merchants expand their reach by giving customers more wallet options to spend CRO and increase transaction volume.
“There are an estimated 30 million+ ERC-20 wallets in use throughout the global crypto industry, representing a massive market for merchants seeking to attract crypto users. Today’s enhancement of Crypto.com Pay allows merchants to drive broad acceptance of payments from all ERC-20 wallets.”
While sharing more details about the option, Kris Marszalek, Co-Founder and CEO of Crypto.com stated any user with an ERC-20 wallet can transact with Crypto.com Pay merchants, with those merchants benefiting from a large customer base using 30 million ERC-20 wallets, regardless of which wallet customers choose to use.
Crypto.com added that since launching in 2018, Crypto.com Pay has reportedly helped merchants such as Ledger, Coinzilla, as well as platforms such as WooCommerce and Oveit, tap into the global cryptocurrency economy and accept crypto on their websites.