The well- known pioneering payments and cryptocurrency platform, Crypto.com announced to launch two key products that will give our users more freedom to manage their finances on the Crypto.com Wallet & Card App.
According to the recent announcement, Crypto.com users can now use the company to take loans or to deposit cryptocurrency into an account for a fixed term and receive interest on it.
Further a service – Crypto Earn, gives users the freedom to grow their crypto assets and earn interest up to 8% p.a. Also, Users can deposit into Crypto Earn via app and start accruing interest daily, using their preferred crypto, starting with BTC, PAX, and TUSD.
At present, the site only accepts deposits in bitcoin and two US dollar stable coins, namely Paxos Standard Token and Tether USD.
The announcement also states that, users must also deposit their cash for a fixed period i.e 1 month or 3 months. Further the platform claim that it will be launching flexible holding terms in the near future.
“Crypto Earn offers the most attractive interest rates in the market today,” said Kris Marszalek, Crypto.com’s co-founder and chief executive officer. “
The Crypto Credit provides users with the spending power by allowing them to monetize their crypto assets without the need to sell it. Moreover, users can subsequently use the funds to spend it with MCO Visa Card. Also can buy more cryptocurrencies in the Crypto.com wallet, or simply withdraw the funds.