This innovation is powered by a partnership with Crypto.com. It marks a major milestone in bridging decentralized and traditional finance.
Crypto.com’s President and COO, Eric Anziani, echoed the excitement: “This collaboration highlights Crypto.com’s commitment to driving mass adoption of blockchain services by simplifying the user experience. We’ve been longtime supporters of Cronos, and launching this feature together furthers our shared vision of mainstreaming crypto and enhancing its utility.”
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
Typically, converting crypto to fiat involves multiple steps. Such as transferring to a centralized exchange and waiting for bank transfers to clear. This new feature cuts out the hassle. This will allow users to off-ramp crypto directly into their Crypto.com prepaid card, making the process as smooth as butter.
Seamless Off-Ramping and Auto-Transfers for DeFi Yields
The service is available on both Cronos EVM and Cronos zkEVM. Thanks to Cronos zkEVM’s direct bridge to Ethereum, Ethereum users can also enjoy this service.
Looking ahead, Cronos plans to introduce an automatic transfer system for DeFi yields. This will enable users to route staking rewards and other earnings directly to their Crypto.com prepaid card. This will integrate decentralized finance even further into daily financial activities.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
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