By
Bhushan Akolkar
April 16th, 2024
Crypto.com App users in the US can now spend their cryptocurrencies on 150+ top brands and get up to 10% back in Pay Rewards for every eligible purchase.
On May 31st, Singapore-based cryptocurrency exchange Crypto.com announced the launch of a new feature in its mobile app that allows users located in the United States to use over 30 cryptocurrencies, including CRO, BTC, ETH, and USDT, to make payments at more than 150 recognized companies.
According to the statement, users will be able to earn up to 10% in Pay Rewards, paid in CRO, the native cryptocurrency of Crypto.com. However, each user will have a monthly rewards limit of up to $100. If a payment is canceled or refunded, the rewards will be forfeited.
The new exclusive feature of the one-time-use card can be used as a payment method at major brands such as Apple, Nike, Walmart, Ray-Ban, and GameStop.
The New Feature Is Currently Available Only in the US
Currently, this payment feature is only available to users located in the United States. However, the company stated that they are working to implement it in other markets soon. They did not provide any hints about which country will be chosen next.
The company also warned that it reserves the right to modify this offer at any time, as there is no partnership between Crypto.com and the participating brands in this promotion.
To use the one-time-use card, users should go to the Crypto.com app’s home screen and select the Pay option to view the more than 150 available brands. Once the desired brand is selected, they should click on the bottom icon, which displays a blue card, to view the offered products. Finally, they need to automatically create the one-time-use card with the desired amount in cryptocurrencies.
And voila! You can now make purchases directly from the app without the need to exchange your cryptocurrencies for fiat.
Crypto.com Enhances User Experience with New Service Upgrades
As reported by Coinspeaker, Crypto.com recently added support for various tokens such as MATIC, DAI, and USDC through its DeFi wallet service. Additionally, they launched an innovative AI-based assistant using the GPT API to provide intuitive responses and assistance, streamlining the use of their services.
Furthermore, the cryptocurrency platform expanded the reach of its Pay service to over 108 countries in Asia, Europe, and Latin America, so the new payment feature may soon be available in Latin American countries where the use of cryptocurrencies has become a necessity rather than just an option to overcome the inflationary crisis.
These updates demonstrate the company’s commitment to offering new features to users, aiming to facilitate and make cryptocurrency adoption more accessible worldwide.