Crypto.com Simplifies Fiat Transactions with On/Off-Ramp Services

IconCryptoNewsTerminal Staff29 Aug, 2024

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Crypto.com Simplifies Fiat Transactions with On/Off-Ramp Services

Crypto.com, a leading cryptocurrency exchange, has expanded its services to offer fiat on/off-ramp capabilities in over 90 countries. This service, known as Global Retail, allows Crypto.com App users to seamlessly convert between fiat currencies such as USD, EUR, and AED, and cryptocurrencies. The launch of Global Retail is a significant step for Crypto.com, as it enables users to easily bridge the gap between traditional finance and the cryptocurrency market. By partnering with Standard Chartered (SC) and the Dubai Virtual Assets Regulatory Authority (VARA), Crypto.com has established a robust regulatory framework that ensures compliance and security. This move aligns with Crypto.com's mission to make cryptocurrency more accessible and user-friendly. With the addition of fiat on/off-ramp services, users can now seamlessly purchase, sell, and store cryptocurrencies within the Crypto.com App, eliminating the need for complex and time-consuming processes.

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