Blockchain ecosystem Cronos has reportedly unveiled a service enabling users to withdraw funds easily to a personal prepaid card.
Facilitated through a partnership with Crypto.com, the feature is a key milestone in bridging decentralized and traditional finance.
By connecting their web3 non-custodial wallet on Cronos EVM or Cronos zkEVM to a Crypto.com prepaid card, users “can top up from Cronos EVM or Cronos zkEVM to Crypto.com Crypto wallet, then to Crypto.com prepaid card in one click.”
If a token is not directly supported, the platform “automatically swaps it into USDC or ETH, providing near-instant access to spend crypto assets in the real world.”
Ken Timsit, Head of Cronos Labs said:
“With this new feature, Cronos users can off-ramp their crypto assets almost instantly and spend them wherever prepaid cards are accepted. In eliminating the wait times and multiple steps usually required when cashing out, Cronos is bringing DeFi closer to everyday life. As a result, users can hold their digital assets for longer in the knowledge that they can easily withdraw funds at any time.”
Eric Anziani, President and COO of Crypto.com said:
“This collaboration highlights Crypto.com’s commitment to driving the mass adoption of blockchain services by integrating innovative solutions that simplify the user experiences. We have been a longstanding supporter of Cronos and to launch this feature together is a testament to our shared vision of bridging further mainstreaming crypto and enhancing its daily utility.”
Converting crypto to fiat can be a cumbersome process “requiring multiple steps, such as transferring funds to a centralized exchange and waiting for bank transfers to clear.”
Cronos’ new feature eliminates these pain points by “allowing users to seamlessly off-ramp their crypto to be used in the process of topping up a Crypto.com prepaid card.”
This approach reduces “complexity and wait times.”
The feature will be available on “the Cronos EVM and Cronos zkEVM, the high-performance L2 network powered by zkSync technology.”
Ethereum users are positioned to benefit from its introduction thanks to the Cronos zkEVM’s direct bridge to Ethereum, “enabling seamless fiat off-ramping to the Crypto.com prepaid card.”
Following the feature’s launch in February 2025, Cronos will “explore an automatic transfer system for DeFi yields.”
This update will aim to allow users to directly “route their staking rewards and other earnings on Cronos used in the process of topping up their Crypto.com prepaid card, further integrating decentralized finance into daily financial activities.”
As noted in the update, Cronos is a blockchain ecosystem, “adopted by more than 500 application developers and partners representing an addressable user base of more than 80 million people around the world.”
Cronos’ mission is to make it seamless “for the next billion crypto users to adopt self-custody in Web3, with a focus on Decentralized Finance and Gaming.”
The Cronos ecosystem encompasses “3 chains: Cronos (EVM), the leading Ethereum-compatible blockchain built on Cosmos SDK; Cronos POS, a Cosmos chain for payments and NFTs; and Cronos zkEVM, a layer 2 network.”
Cronos reportedly ranks among the top 15 blockchain / web3 ecosystems, safeguarding more than “6 billion dollars of user assets.”
Since launching back in 2021, it has securely settled “more than 100 million transactions.”
Cronos Labs is the $100M startup accelerator focused on Cronos.
Founded in 2016, Crypto.com is “trusted” by more than 100 million customers worldwide and is an industry participant focused on “regulatory compliance, security and privacy.”