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.
Dubbed Pay Your Friends, the new proposition enables users to earn $50 if they introduce their friends to the crypto platform.
Go deeper with GlobalData
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.
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By GlobalDataThe 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.”
