Cronos (CRO), the native cryptocurrency token of Crypto.com's Cronos Chain, takes center stage as a decentralized blockchain driving the company's mission to accelerate cryptocurrency adoption worldwide. Launched in late 2018, CRO powers the Crypto.com Pay mobile payments app and sets the foundation for future expansion into other Crypto.com products.
The CRO blockchain is tailored to users of Crypto.com's payment, trading, and financial services. Owners can stake their coins on the Crypto.com Chain, acting as validators and earning fees for transaction processing. CRO coins are also integral in settling transaction fees on the Cronos Chain.
Engaging with the Crypto.com Pay app unlocks various benefits, including cashback of up to 20% for CRO payments to merchants and 10% for gift card purchases and peer-to-peer transfers. Trading enthusiasts using the Crypto.com App can earn token rewards through CRO staking. Additionally, annual interest of up to 10-12% on Crypto.com Coins awaits users who stake them on the Crypto.com Exchange app or the metal Visa Card.
CRO serves as a dynamic tool in Crypto.com's pursuit of global cryptocurrency adoption, with ongoing efforts to develop new use cases. The company remains dedicated to empowering users, allowing them to leverage cryptocurrency for increased control over their finances, data, and identities.
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