Cryptocurrency exchange platform, Crypto.com, has added support for government payment and Early Direct Deposits for paychecks for its US customers. The USD Fiat wallet will provide support for the service. The service is designed to offer Crypto.com customers the convenience of early receipt of payments than traditional banks.
Crypto.com will avail users’ funds once they receive payment instructions from the payer. Users who enable the direct deposit feature for their payrolls will receive their funds one to three days early. It gets better for recipients of government payments, who will get their money up to five days early.
Due to the integration of their fiat inflows with the platform, the feature will enable Crypto.com users to conduct fiat-crypto transactions seamlessly.
To sweeten the deal, Crypto.com has launched a promo that will see depositors earn rewards in CRO tokens. For a limited period ending March 16th, 2022, those who deposit at least $400 in Early Direct Deposits will qualify to earn $25 worth of CRO. The CRO will be deposited in their wallets within 21 days. However, participants must complete their KYC verification process and follow all procedures on the Crypto.com App. Also, they must be first-time depositors on their direct deposit accounts.
Crypto.com has hired Giuseppe Giuliani as the Managing Director of the exchange platform. He joins from Kraken, where he served as the worldwide head of institutional partnerships and services for four years. He comes in at a time when the exchange has embarked on an aggressive expansion campaign. It has been conducting flashy marketing accentuated with celebrity endorsements and multi-million branding deals.
This post was last modified on Feb 02, 2022, 09:54 GMT 09:54