Cronos unveils prepaid crypto card service

Cronos has just launched a crypto prepaid card service, allowing users to remove funds directly from the Crypto.com card with one click, then use them for daily transactions.

Thanks to a partnership with Crypto.com, Cronos has spear A new service that allows users to withdraw their funds directly on a Crypto.com prepaid card, marking the first time that such a feature is available in the industry. Users can link their non -guardian web3 portfolio on Cronos EVM or Cronos Zkevm to a Crypto.com prepaid card, allowing them to recharge from Cronos EVM or Cronos Zkevm to Crypto Crypto.com portfolio, then to the Crypto.com prepaid card with one click. If a token is not directly supported, the platform automatically converts it into a USD part (USDC) or Ethereum (Ethn).

“With this new feature, Cronos users can move their cryptographic assets almost instantly and spend them wherever prepaid cards are accepted”, ” said Ken Timsit, Cronos Labs chief. “By eliminating waiting times and several stages generally necessary during collection, Cronos brings Defi closer closer to daily life. Consequently, users can hold their digital assets longer knowing that they can easily remove funds at any time. »»

Cronos’ prepaid card solution is the latest addition to a growing range of cryptographic payment solutionsreflecting the growing adoption of crypto for daily transactions. Yesterday, the Avalanche Foundation, in partnership with Rain, Launched the Avalanche cardwhich allows users to spend the crypto in any merchant who accepts.

Last nov, crypto.com too extended Its visa payment card program to Latin America, offering 8% of cash discounts, service submission and access to the airport show. In addition, alchemy recently pays integrated Samsung pays with its virtual card service, allowing users to make fast and secure payments with crypto.