Crypto.com launch "Pay Your Friends" to boost cryptocurrency adoption

Rajan Dhall, MSTA FX Daily

Crypto.com has launched “Pay Your Friends,” which will offer no-fee, direct crypto payments and offer a $50 equivalent in rewards for referring friends to use the Crypto.com Chain (CRO) according to sources. The company who formed in 2016 launched the brand with the aim to increase the world's transition to cryptocurrency.

Now they have managed to create the new direct in-app payment system to allow peers to share payments and cash in addition to their debit card business which allows you to pay for things with your cryptocurrencies.

“What we want to achieve with ‘Pay Your Friends’ is to give our users a reason to bring all their friends into cryptocurrency. The user experience is instantaneous and free — the more users get a chance to experience it, the closer we get to global adoption,”

It seems like the company are going from strength to strength as In May, the company launched two key products to their finance product line: Crypto Credit and Crypto Earn.

Crypto Earn kets customers earn up to 8 percent p.a. interest, beginning with BTC, PAX, and TUSD.

Crypto Credit gives users an instant loan by depositing cryptocurrencies (initially bitcoin) as collateral. It has been said, there is no fixed repayment schedule, monthly fees, late fees or payment deadlines.

Author

Rajan Dhall, MSTA

FX Daily

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

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