Pay with crypto at top retailers using Crypto.com’s new feature

FinanceFeeds Editorial Team

Crypto.com has launched a new feature that enables US users to spend their cryptocurrencies on over 150 top brands, including Apple, Nike, and Walmart, while earning up to 10% back in Pay Rewards, marking a significant step in integrating digital assets into everyday retail transactions.

cybersecurity

Cryptocurrency has been making headlines for years, but it’s only recently started taking a significant role in consumer retail. For example, Crypto.com, a renowned cryptocurrency platform, has just unveiled a new feature that allows its US users to use their digital assets for everyday purchases from a wide range of popular brands. As of May 31, 2023, users of the Crypto.com App can now spend over 30 types of cryptocurrency on more than 150 top consumer brands, including giants like Apple, Nike, Walmart, Ray-Ban, and GameStop​.

Rewarding Crypto Shopping

The Crypto.com App isn’t just offering a new way to pay; it’s also providing a valuable incentive for users to spend their cryptocurrency. For every eligible purchase made through the app, users will receive up to 10% back in Pay Rewards, paid in Crypto.com’s native coin, CRO. With the potential for such substantial returns, the platform encourages a new wave of cryptocurrency spending and contributes to the broader adoption of digital assets.

Secure and Convenient Transactions with a One-Time Card

Security and convenience are vital factors in the online shopping experience, and Crypto.com has incorporated these into its new offering. The platform has introduced a One-Time Card feature that generates a single-use card number for each transaction. This lets users securely and conveniently check out their purchases with over 30 cryptocurrencies, including CRO, BTC, ETH, and USDT​.

What’s Next for Crypto.com Pay?

This feature is available exclusively to Crypto.com App users in the United States. However, the company has plans to roll out this service to other markets soon, further extending the reach of cryptocurrency in the global retail sector. This exciting development in cryptocurrency is another step towards a future where digital assets are a standard part of everyday transactions​.

The Fine Print

While this new feature is undoubtedly exciting, users must understand the terms. Rewards are only given for purchases of goods from merchants specified in the Crypto.com App, and they are capped at US$100 per month. Any rewards associated with that purchase will be forfeited if payment is canceled or refunded. Crypto.com retains the right to modify this offer at any time​.

Crypto.com is paving the way for cryptocurrency to be more than just a speculative investment or a store of value, but a viable option for everyday shopping. With its new feature, the company is providing a new avenue for spending cryptocurrency and encouraging its broader adoption in the retail sector. As we watch the continued rollout of these services, one thing is clear: the future of cryptocurrency in retail is here, and it’s more accessible than ever.

Read this next

Payments

BVNK launches Swift payments to move between fiat and stablecoins

“Adding USD and EUR via Swift means that our customers can really take full advantage of stablecoins to speed up their money movement, wherever they are based – and they can easily get back into fiat currencies if and where they need to.”

Market News

Base metals could soon take off from the base again

Dive into our full analysis to understand the potential resurgence of base metals and what it could mean for your investment strategy.

Digital Assets

Global clamp down on crypto tax evasion to go live in 2027

“As jurisdictions that play host to active crypto markets, we therefore intend to work towards swiftly transposing the CARF into domestic law and activating exchange agreements in time for exchanges to commence by 2027.”

Digital Assets

Ripple and Archax team up for tokenization with XRPL

“There is clear real-world utility in use cases like RWA tokenization for the operational efficiency, access to liquid markets and transparency inherent to crypto, and Archax has already tokenized assets such as equities, debt instruments and money market funds. Financial institutions are now understanding this and we are excited to play our part in helping them to embrace the technology by bringing their assets onto the XRPL.”

Interviews

Acuity Trading at iFX EXPO LATAM: Andrew Lane on the rise of AI and prop trading

At iFX EXPO LATAM 2024, Acuity Trading’s Andrew Lane discussed the successful rollout of their Research Terminal, the impact of AI on the trading industry, competition from AI-powered solutions, emerging market trends in Latin America, and the rise of prop trading, while addressing regulatory challenges and innovations.

blockdag

Top Crypto Highlights for Q2 2024: BlockDAG’s Astonishing 1120% Growth Compared to Solana’s Surge and Toncoin’s Market Triumph

Explore the latest highlights in cryptocurrency: Solana’s recovery, Toncoin’s record levels, and the rise of BlockDAG’s innovative technology.

Digital Assets

Ripple seeks $10 million penalty citing Terraform fine in SEC case

Ripple Labs wants to reduce the financial penalties proposed by the U.S. Securities and Exchange Commission (SEC) by leveraging recent fines imposed on Terraform Labs.

Digital Assets

Swiss regulator shuts down CoinShares’ partially-owned FlowBank

Switzerland’s financial regulator, FINMA, has closed FlowBank SA and placed it into bankruptcy due to severe breaches of capital requirements and other supervisory laws. This follows a series of enforcement actions against the bank that began in October 2021.

blockdag

Presale Power Players: 5 Crypto Presales Primed for Success in 2024 According to Experts

Unlock the potential of the best presale cryptos available now. See why experts recommend BlockDAG, Bitbot, eTukTuk, 99Bitcoins Token, and ButtChain.

<