Payments Platform ‘Adds Utility’ to EOS by Integrating Coin Into Services

A payments platform that has the vision of delivering “cryptocurrency in every wallet” says it has now added EOS support in its products

Crypto.com says it has a determination to make buying, selling, sending, paying, tracking and even earning cryptocurrencies far easier than it is now.

According to the company’s executives, the platform is also boosting the utility of EOS by integrating the cryptocurrency into several of its flagship services.

The world’s seventh-largest cryptocurrency is now supported by Crypto Earn, a tool that enables users to receive interest on their coins and tokens. Savers can deposit their crypto for a one- or three-month period, or opt for a more flexible arrangement if they prefer.

EOS is now also supported by Crypto.com’s MCO Visa Card, which gives consumers the much-needed freedom to spend digital assets in everyday life. The card can be used at any shop, restaurant, hotel or business that accepts Visa worldwide, unlocking access to 50 million possibilities. Users now have the choice of seven different cryptocurrencies when they are topping up their cards — and other options include BTC, LTC, ETH, XRP, PAX and TUSD. To begin with, users in 38 U.S. states will be able to top up with EOS, including California, Ohio, Texas and Virginia.

Crypto.com has recently launched its Exchange and crypto fundraising platform “The Syndicate.” EOS will be listed on Exchange using The Syndicate on Tuesday, Dec. 17, and there is a sale of EOS on the platform as a promotion.

“What a year it was”

Kris Marszalek, the CEO of Crypto.com, said 2019 has been a significant year for the business, with the company’s user base five times larger than it was 12 months ago. The number of people working for the platform has also doubled — from 100 to 200 employees — and the entrepreneur has no plans to sit still.

“If 2019 was good, 2020 shapes up to be the best year ever for Crypto.com. We are now positioned to capture this opportunity and I think we've never been in a better position to do so,” he says.

At the start of December, the company launched its crypto exchange to the public following a period in private beta. An exhaustive assessment by a third party was performed prior to the platform going live — including a “thorough external security test and full threat modelling exercise to ensure the completeness of security controls.” The team behind the Crypto.com Exchange says its product offers deep and global liquidity, along with very competitive maker and taker fees. Marszalek added that the plan now is to “rapidly implement all suggestions from our community gathered during the beta.”

Crypto.com is planning to release its MCO Visa Cards to customers in Europe in the first quarter of 2020 — potentially as early as the end of January. Marszalek also says work is still continuing on the Crypto.com Chain testnet, and he says the network will deliver the opportunity to offer a more decentralized experience.

“A Visa card that can be used anywhere”

As reported by Cointelegraph, Crypto.com’s MCO Visa Card is designed to offer cashback benefits that attract hardcore crypto users as well as those who are learning about digital currencies for the first time. 

Consumers with one of these cards can receive a 100% rebate on the cost of their Spotify and Netflix subscriptions, as well as substantial levels of cashback when they are making travel bookings with the likes of Expedia and Airbnb.