Crypto.com has launched its latest feature called- ‘Pay Your Friends.” This brand new launch will replace the old Venmo with crypto, as per the announcement the platform made on Twitter. Those who are already signed up on the platform can start enjoying instant payments and crypto transfers. And for those who are yet to join the tribe, when they stake the minimum of 50 MCO, the one who will introduce them to the platform will get 50 U.S. Dollars. Also, as per sources, there are no limits to this reward. The payment and crypto platform is also offering a 10 percent rewards when the user pays back to their friends.
The payment platform headquartered in Hong Kong is all set to speed up the process of world crypto adoption with such interesting features. The company wants to see crypto in every wallet. That is why they seek out to launch products and services that encourage crypto adoption all around the world. As per the official announcement by the company, there are two main causes.
Free and instant payments to friends-
If someone’s friends are not on crypto.com yet, the introduced will get 50 U.S Dollars when they stake a minimum of 50 MCO. The company has not set any limits to it.
When the users of Crypto.com will pay back to their friends, they will be rewarded with a cashback of up to 10 percent on the very transaction. It will be applicable for both the new and the old users of the platform. As of now, there has been a cap set on the total cashback, which is- 5 U.S Dollars for every user on a monthly basis.
The platform clearly stated that the main objective of such an endeavor is to attract more and more people to the crypto landscape. To add another layer of attraction, the platform is offering services that are instant and won’t cost the users a single penny. Such attraction will eventually lead to the global crypto adoption, and thus bring in values such as financial freedom, zero involvement of the third party and the related costs, efficiency in time management, lower costs, cross border ease of transaction, a truly decentralized financial ecosystem, and so on. Read More at CryptoNewsZ...