Crypto.com Chain and its CRO token are built to support crypto-based payments. The project seeks to speed up the shift toward cryptocurrency by enabling cross-asset intermediary currency settlement and by strengthening interoperability between cryptocurrencies and fiat payment systems.

Crypto.com Chain (CRO) Token is designed so users can pay with cryptocurrency at as many merchants worldwide as possible. The approach is to use CRO as an intermediary currency, allowing crypto-to-fiat conversion at a much lower cost.

What are CRO key features and how does it work?

The crypto.com ecosystem is broad, offering multiple capabilities. While its core role is as a crypto exchange, the platform also provides a wide set of services that make it a multi-purpose crypto experience.

To start, Crypto.com Pay lets users pay through online merchants that have integrated the system. It also supports converting crypto into gift cards, which can be useful for paying for services that don’t take Crypto.com Pay during checkout. Users can additionally top up prepaid mobile phones from within the platform. 

The platform encourages usage with cash back rewards that vary by purchase category. For instance, users can receive 2.5% cashback on food and beverage purchases through Crypto.com Pay, and rewards increase to double levels for users who have staked 10,000 CRO.

Another offering is Crypto Credit. It enables users to borrow with cryptocurrency as collateral, receiving stablecoins in return. Crypto.com also includes Crypto Earn, where users deposit a selected amount of cryptocurrency or stablecoin and earn interest.

These tools are available through the Crypto.com App. The platform also provides its own DeFi Wallet for holding crypto securely, introduced after concerns that storing crypto on the platform wasn’t safe.

What is noteworthy about Crypto.com?

In practice, Crypto.com is an online platform that helps investors trade and invest in cryptocurrencies. The exchange business provides a broad assortment of crypto products and services, giving investors access to many of the tools they may need-such as buying, selling, trading, spending, storing, earning, borrowing cash, and paying bills with cryptocurrencies through Crypto.com in supported countries. With its wide product lineup, it can also be a fit for beginners.

Where can you buy CRO?

CRO can be purchased and sold on any of the CEXs and DEXs listed here.