Top-tier exchange Crypto.com has recently announced an upgrade to its payment services, incorporating new features and adding support for more cryptocurrencies. This is part of the exchange’s effort to improve user experience, making it even easier for its customers to purchase digital assets using credit or debit cards.
While these enhancements have generated excitement among Crypto.com users, some may argue that the surge in supported coins and payment options might complicate the user experience. Nonetheless, it seems that Crypto.com is dedicated to providing users with the tools necessary to navigate the growing world of cryptocurrencies.
Earlier in January, Crypto.com integrated a DeFi Wallet into its Crypto.com Pay, intending to offer users a secure and easy way to buy cryptocurrency with fiat cards. The DeFi Wallet is a non-custodial solution that enables access to various DeFi services in a single application, boasting support for over 700 tokens across more than 30 blockchains. In addition, users can swap tokens, earn rewards, manage NFTs, and interact with dApps quickly and efficiently.
Previously, the DeFi Wallet only supported Bitcoin (BTC), Ethereum (ETH), and Cronos (CRO). However, with the latest update, Crypto.com Pay now also supports MATIC, USDC, and DAI, further streamlining the process for users to make direct payments with credit or debit cards. Moreover, Crypto.com Pay has expanded its reach, now supporting more countries in Asia, Europe, Latin America, and Australia.
Despite this progress, Crypto.com has faced its share of challenges. The exchange experienced a $15 million Ether hack in January 2022, suffered significant layoffs, and saw its native token Cronos lose $1 billion in value. However
Source: Cryptonews
