Crypto.com Pay Now Powers CRO Payments From Any ERC-20 Wallet
Now with Crypto.com Pay merchants can expand their reach to over 30 million crypto wallets.
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Crypto.com today announced that Crypto.com Pay—the company’s payment solution for online merchants—will now support CRO payments from any ERC-20 wallet. This evolution of Crypto.com Pay will help merchants expand their reach by giving customers more wallet options to spend CRO and increase transaction volume.
There are an estimated 30 million ERC-20 wallets in use throughout the global crypto industry, representing a massive market for merchants seeking to attract crypto users. Today’s enhancement of Crypto.com Pay allows merchants to drive broad acceptance of payments from all ERC-20 wallets.
Kris Marszalek, Co-founder and CEO of Crypto.com said:
“This marks an important milestone in CRO utility and a major step towards widespread adoption of CRO. Now, any user with an ERC-20 wallet can transact with Crypto.com Pay merchants. Those merchants will benefit from a large customer base using 30 million ERC-20 wallets, regardless of which wallet customers choose to use.”
Since launching in 2018, Crypto.com Pay has helped merchants such as Ledger, Coinzilla, as well as platforms such as WooCommerce and Oveit tap into the global cryptocurrency economy and accept crypto on their website. Crypto.com Pay features zero transaction fees and only 0.5% for settlements—an 80% saving on fees compared to typical payment processors—with low volatility and easy integration for merchants. Merchants interested in offering Crypto.com Pay to their customers can sign up here.
Benoît Pellevoizin, VP of Marketing at Ledger, said:
“As one of the most prominent crypto industry players. It is Ledger’s duty to stimulate crypto adoption for all comers. At Ledger we are convinced crypto mass adoption will be brought by new services enabling regular digital usage such as ecommerce payments. Ledger is very glad to partner with Crypto.com by supporting CRO tokens on Ledger Live. From now on, Ledger’s users will be able to pay in CRO ERC-20 tokens with Ledger Live on ecommerce websites supporting this new Crypto.com Pay feature.”
For users, all payments made in CRO are entitled to CRO cashback, known as Pay Rewards, which are collected in the user’s Crypto.com App. Until Sept. 30, 2020, customers paying with wallets other than Crypto.com App can also enjoy the 2X Pay Rewards privilege enjoyed by App users with 10,000 CRO staked in Exchange or with an active 3 Months Earn term, which is up to 10% of Pay Rewards. If the email provided by the customer does not belong to a Crypto.com App account, the Pay Rewards can still be able to be collected if someone uses that email to sign up at Crypto.com App and is verified within 90 days.
More details about Pay Rewards can be found here. For more details, please visit our FAQ page here for merchants and here for retail customers.
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