Bank transfers to and from the Crypto.com App and Exchange are now available
Hong Kong, Jun 28, 2021 - Crypto.com today announced its partnership with Circle, a global financial technology firm, to introduce USD deposits and withdrawals to 30+ countries around the world. Crypto.com users can now transfer USD from their bank accounts and receive USD Coin (USDC) at a 1:1 ratio in the Crypto.com App and Exchange.
When making deposits, users simply need to wire transfer their USD funds with a unique code provided by Circle, and Circle will take care of the processing, storage, and USD-to-USDC conversion. Users will then receive their funds in their Crypto Wallet within three business days.
This partnership enables users in 30+ countries to seamlessly transfer funds from the traditional financial world to the crypto world, further supporting Crypto.com’s mission to “accelerate the world's transition to cryptocurrency.”
Kris Marszalek, Co-Founder and CEO of Crypto.com said, “Historically, transferring fiat into and out of crypto platforms has been an arduous process. Our partnership with Circle is yet another example of our commitment to working with the best partners in the industry to provide safe, reliable, and easy money transfer solutions to our customers around the world.”
Jeremy Allaire, Co-founder, CEO and Chairman of Circle, said, “This partnership will fuel crypto adoption globally and is another example of how innovators continue to break down barriers between traditional finance and the future of payments. We are thrilled to partner with Crypto.com, which has an impressive track record of success and a large, diverse, and dedicated global user base.”
Visit our help centre for App and Exchange to see a complete list of available countries.
About Crypto.com
Founded in 2016, Crypto.com today serves over 10 million customers with the world’s fastest growing crypto app, along with the Crypto.com Visa Card — the world’s largest crypto card program — the Crypto.com Exchange and Crypto.com DeFi Wallet. Recently launched, Crypto.com NFT is the premier platform for collecting and trading NFTs, carefully curated from the worlds of art, design, entertainment and sports.
Crypto.com is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have ISO/IEC 27701:2019, CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance, and independently assessed at Tier 4, the highest level for both NIST Cybersecurity and Privacy Frameworks.
Crypto.com is headquartered in Hong Kong with a 1,000+ strong team. Find out more by visiting https://crypto.com
For press inquiries: [email protected]
About Circle
Circle is a global financial technology firm that enables businesses of all sizes to harness the power of stablecoins and public blockchains for payments, commerce and financial applications worldwide. Circle's platform has supported over 100 million transactions worth tens of billions of dollars, with nearly 10 million retail customers, over a thousand businesses, while storing and securing more than $5 billion in digital currency assets. Circle is also a principal developer of USD Coin (USDC), which together with Coinbase and the Centre Consortium oversees the standards and protocol for what has become the fastest growing, regulated, fully-reserved stablecoin. USDC now stands at a $3 billion market cap and is adding nearly $200 million net new digital dollars in circulation every week. Today, Circle's transactional services, business accounts, and platform APIs are giving rise to a new generation of financial services and commerce applications that hold the promise of raising global economic prosperity for all through programmable internet commerce. Learn more at https://circle.com
The integration is available on the Crypto.com Exchange to provide on-ramp support. As for the Crypto.com App, users are able to trade over 50 USDC pairs, including ETH, LINK, and DOT. The withdrawal option is in the works and will soon be available. Visit the help center for App and Exchange for details.
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2021-06-28 13:56:41
