Payment Revolution: Cronos & Crypto.com Launch Crypto Transfer to Debit Cards

Updated

February 28, 2025

Gambar Payment Revolution: Cronos & Crypto.com Launch Crypto Transfer to Debit Cards

Jakarta, Pintu News – In the latest development to take the digital finance world by storm, Cronos, one of the leading blockchain ecosystems, has announced its strategic partnership with Crypto.com.

The partnership resulted in an innovative service that allows users to transfer crypto assets from their Web3 wallets directly to prepaid cards. This initiative not only accelerates the process of converting digital assets into fiat currency, but also marks a major step in the integration of decentralized finance with everyday financial transactions.

Cronos’ First Direct Transfer Service

BREAKING: Cronos, in partnership with https://t.co/81vglVztM3, is now the first blockchain to offer direct crypto-to-debit card transfers.

Learn more: https://t.co/tMd2VmkPC7

Get started now: https://t.co/R20AlgGWMF

Users can link their web3 wallets and instantly fund their… pic.twitter.com/h2YqvmmX1M
— Cronos (@cronos_chain) February 27, 2025

Previously, to convert crypto holdings into usable cash, users had to go through several complicated stages. These included transferring assets to a centralized exchange and waiting for bank clearing, which often took a long time. However, with the partnership between Cronos and Crypto.com, the process is now simpler and faster.

Users can now connect their non-custodial Web3 wallets residing on the Cronos Ethereum Virtual Machine (EVM) or Cronos zkEVM networks directly to Crypto.com prepaid cards. This integration enables instant balance top-ups, where crypto can be converted and loaded into the prepaid card with just one click.

Also Read: Cardano (ADA) Price Prediction by Alex Becker: Upside Potential or Excessive Speculation?

Implications for the Crypto Ecosystem

The launch of the crypto to debit card direct transfer service by Cronos carries some important implications. It not only improves ease of use for users, but also accelerates efforts to bridge the gap between DeFi and traditional finance.

Recently, Ondo Finance teamed up with the Mastercard network to facilitate better cross-border payments and give businesses access to proceeds through tokenized assets.

In addition, the Avalanche Foundation has introduced the Avalanche Card, a Visa-backed credit card that allows users to spend cryptocurrencies such as Avalanche , Tether , and USD Coin at any merchant that accepts Visa. These initiatives demonstrate the continued growth in integrating crypto solutions into everyday financial activities.

Influence on Daily Use

By making it easier to use crypto for everyday purchases, the new service could encourage more individuals to participate in the crypto economy. This simplified process also reduces reliance on centralized exchanges, in line with the decentralized ethos of blockchain technology. This demonstrates Cronos’ commitment to interoperability and user convenience.

Ken Timsit, Head of Cronos Labs, emphasized that by eliminating the waiting time and steps usually involved in disbursement, Cronos brings DeFi closer to everyday life. This is a significant step forward in the fusion of decentralized finance and traditional payment systems.

Conclusion

The partnership between Cronos and Crypto.com not only enhances the user experience but also paves the way for wider acceptance and utilization of crypto in everyday life. By enabling the direct transfer of crypto to debit cards, they not only enrich the user experience but also strengthen crypto’s position as a practical and accessible means of payment.

Also Read: B itcoin (BTC) Trend Not Over? CryptoQuant CEO Analyzes!

That’s the latest information about crypto news today. Get more information about crypto academy from beginner to expert level only at Pintu Academy and enrich your knowledge about the world of crypto and blockchain.

Follow us on Google News to get the latest information about crypto and blockchain technology. Enjoy an easy and secure crypto trading experience by downloading Pintu Crypto via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Click Register Pintu if you don’t have an account or click Login Pintu if you are already registered.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.