Crypto.com AMA Summary: a Peek into the New Year – Product Release & Updates

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Crypto.com AMA Summary: A look into the new year

Kris Marszalek, CEO of Crypto.com, has answered the most pressing questions the community has. 

In its latest AMA on Twitter, Crypto.com answered about 50 questions. Here is a roundup of what unfolded during the AMA.

Changes throughout the year
  • User base grew 5x;
  • MCO staked grew 3x;
  • from 100 to over 200 employees;
  • Up to 5% cashback, Spotify and other card benefits;
  • Fiat in and out;
  • Crypto earn;
  • Crypto credit;
  • Crypto.com exchange.
MCO card
  • On track to release EU cards in Q1;
  • In progress for Canada;
  • Switzerland will receive cards in Q1;
  • Australia will have cards in 2020 but no date/month is confirmed;
  • MCO private is on hold;
  • US Debit card top-up is being worked on;
  • DAI & USDC card top-up as well;
  • Elimination of credit card fees for purchasing crypto in progress.
Crypto.com Exchange
  • Mobile/app website to be worked on in Q1 2020;
  • Stop-limit functions to be added into the exchange (no exact timeline for this);
  • US residents will be able to use the exchange in Q1. 
Crypto.com App
  • Q1 for noncustodial wallet;
  • EOS listing very soon;
  • Working on Apple Pay and Samsung Pay;
  • Corporate lending offering next year which can also do through APIs.
Crypto Credit
  • Filed for an EMI license in Europe;
  • Working on a license in the US;
  • Going to acquire lending licenses to carry out fiat lending;
Crypto Earn
  • Expect EOS to have more utility on the platform this month.
Crypto Invest
  • Expect big changes in the first quarter of next year.
Crypto.com Pay
  • Look out for the next two weeks for gift cards. Big stuff is happening;
  • Continue adding merchants to CRO Pay;
  • Mainnet launch next year;
CRO
  • Check with the team on a Directed Acyclic Graph(DAG) to build their chain.
Marketing
  • Shipping to EU customers in early Q1;
  • Continue to add more markets;
  • Syndicate program is now on the exchange;
  • Participating in large scale cryptocurrency events in the first half of 2020;
  • Billboard campaign that will be going around the US, then Europe.
Answers to the community’s questions
  • Paying bills through the app isn’t on the roadmap yet;
  • No date for TRX listing;
  • Looking to partner with multiple vendors in regard to tax solutions for US customers;
  • No official announcement of APAX expansion due to Visa rules;
  • Crypto.com doesn’t make money on the FX. It provides the best Visa wholesale rate without any markup;
  • Expects to be fully profitable in 2020;
  • Removal of the minimum transfer/card top-ups hopefully in the next Q&A session;
  • Won’t be adding travel insurance as a perk to cards;
  • Will look to support additional cardholders on one account;
  • Won’t have any physical Crypto.com locations for customer service;
  • ACH withdrawal for US customers to happen next year;
  • In talks to increase annual card top-up limit;
  • Xfers for Singapore to be released in December 2019;
  • New stuff coming to the official Crypto.com store next year;

Check out the previous AMA.

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Twitter AMA
Full summary of AMA

 



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