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August 20, 2019

Crypto.com launches app to pay friends in crypto and earn rewards

Digital currency platform Crypto.com has rolled out a new feature, which enables users to make zero-fee crypto payments to friends and at the same time earn rewards.

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Dubbed Pay Your Friends, the new proposition enables users to earn $50 if they introduce their friends to the crypto platform.

Under the model, users will get the amount if their friends stake 50 MCO or more on Crypto.com.

The company has not put any limit to this reward.

Moreover, users can earn up to 10% cashback on paying friends back in CRO tokens.

The offer can be availed by new as well as existing users. However, in this case, the monthly cashback limit for each user is capped at $5.

The ultimate aim of the new offering is to boost crypto adoption across the globe and replace payment systems such as Venmo.

In a blog post, Crypto.com said: “What we want to achieve with “Pay Your Friends” is to give our users a reason to bring all their friends into cryptocurrency.

“The user experience is instantaneous & free – the more users get a chance to experience it, the closer we get to global adoption.

“Next time you need to pay your friend back, do it in crypto and help to change the world.”

 

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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