Crypto.com Coin (CRO)

Table of Content

• What is CRO?
• How does the CRO ensure the privacy of its users?
• Relevant issues for Crypto.com
• Payment options
• Potential uses of the CRO cryptocurrency
• Pros and cons of CRO
• CRO vs Bitcoin - the differences
• How much does CRO cost? On what exchanges is it available?
• Cryptocurrency wallets for CRO - which one to choose?
• Examples of cryptocurrency wallets for CRO

What is CRO?

CRO, or Crypto.com Coin, is recognized as a native token on the public blockchain network. As the analysis shows, this cryptocurrency is responsible for powering the entire Crypto.com ecosystem in terms of usability in terms of payment, trading and any financial service.

CRO was created thanks to Swiss programmers working at Monaco Technologies, who changed the project identification from Monaco to Crypto.com Chain in 2016. However, it was only in 2018 that distribution began thanks to the MCO Visa card, which was available only in Singapore .

Fun fact: The project was collecting funds in a sales manner from May 18 to June 18 of MCO tokens. In this way, an amount of $ 26.7 million was collected.

How does the CRO ensure the privacy of its users?

An indispensable element in creating a CRO is to ensure the security and compliance of all transactions by ensuring users and building proper trust. This is taken as the basis for the functioning of the currency and as indicated Crypto.com is the first cryptocurrency company in the world to comply with ISO / IEC 27001: 2013, ISO / IEC 27701: 2019, PCI: DSS 3.2.1. , Level 1 and CCSS.

In the case of ISO / IEC 27701: 2019, this means certification, which is the so-called "Golden Standard" and is responsible for the scope of private risk management. To obtain the certificate, it was necessary to perform an audit of the company (in this case SGS), which verifies companies on the global market. The essence of privacy can also be demonstrated by the ISO / IEC 27001: 2013 certification, which is to assess appropriate information security management. An audit was also carried out here (by Bureau Veritas). The last certification confirming the appropriate privacy of users is PCI: DSS, ie Payment Card Industry: Data Security Standard, which controls by imposing strict conditions that are created to ensure that a given organization processes,

It should be pointed out that Crypto.com has obtained all of the above-mentioned certificates, which may indicate its essence in terms of the privacy of its users. It only confirms that the most important issue when creating a cryptocurrency was undoubtedly security and privacy.

Relevant issues for Crypto.com

At the beginning, it should be mentioned what Crypto.com really is, which is responsible for the entire basis of the token's functioning. Crypto.com, also known as CRO Protocol Labs, has a strictly defined purpose defining the legal framework. The goal is to be responsible for full compliance with legal regulations, to seek all licenses and permits that will authorize you to use the full functionality of the token in accordance with the law.

The platform was created with basic human rights in mind, who will be able to control his savings and information on capital in an ongoing manner and in accordance with the network reflection. The guiding principle of currency creation was decentralization, which, as indicated, is the key to empowering society around the world to also expand the use of cryptocurrencies in the global market in every field. As indicated, this is to enable money control in every place without geographic and time barriers.

Payment options

It is worth pointing out that the services offered in CROs allow users to make several cryptocurrency transactions or sales. Thus, there are:

• Crypto.com Pay, where it is possible to receive a QR code as well as a scan. In this way, the customer's account is debited and the seller receives the payment in traditional currency or cryptocurrencies, and everything will be stored on the Crypto.com account.
• Pay Gift Card, in other words, gift cards through which users can make purchases via cryptocurrencies, and then can receive returns on these purchased goods. It is interesting that gift cards are also offered from various industries such as aviation, hotels, games, fashion and food, diesel and even food products. What's more, gift cards can also be transmitted in the area of iTunes, Google Play, Starbucks or Nike. However, the catalog does not end there, but continues to expand to include other areas of operation.
• Pay Airtime Top-Up, the functionality is based on the fact that users pay to top up their mobile phones with Crypto.com. We can pay for the top-up with cryptocurrencies such as Bitcoin, Ether, Ripple or CRYPTO.COM COIN, and the top-up applies to at least 340 operators that enable such top-ups, among others Vodafone, Organe or T-Mobile .
• Pay Your Friends is about paying off your friends in the form of cryptocurrencies and then receiving rewards through this method of payment. Transmitting money is free, and after paying it is possible to get a refund in CRO currency up to 10% for a given transaction. What was the purpose of Pay Your Friends? First of all, the desire to spread cryptocurrency payments.

Potential uses of the CRO cryptocurrency

CRO is used, among others in the settlement of transaction fees in the Crypto.com network. An interesting option may seem to be Crypto.com Pay & Chain, which acts as a "validator" and allows you to earn on given fees. 20% return for a given sale, and also allows you to get a 10% return on capital in the case of P2P (Peer-To-Peer) transfers. Payments can be made mobile, and the acquisition and payment of cryptocurrency is becoming common, because it is possible to acquire or sell it regardless of where it is. What are the advantages of such a payment? First and foremost, the low fees that users reduce with Crypto.com payments. Moreover, underestimated volatility along with reduced risk is provided to the owners of the CRO cryptocurrency.

Moreover, thanks to the Crypto.com App it is possible to receive rewards in the form of tokens for specific auctions located in the Crypto.com application. In addition, thanks to Crypto.com Exchange, it is possible to get additional earnings, 10% return per year is guaranteed here.

Pros and cons of CRO

Undoubtedly, there are more advantages than disadvantages. Thanks to Crypto.com Pay, it is possible to minimize the cost of fees, as well as the previously mentioned lower risk of transactions. In addition, the simplified and transparent interface configuration, as well as browsing on the mobile application allows you to make quick transfers. As the application analysis shows, programming specialists have a simpler way of accepting cryptocurrencies due to the reduced number of codes needed to generate. Moreover, the network is fully decentralized, and at the same time mechanisms are provided to increase access to the transaction node.

CRO vs Bitcoin - the differences

How much does CRO cost? On what exchanges is it available?

Cryptocurrency wallets for CRO - which one to choose?

Depending on our needs, the selection of the wallet will meet our expectations in relation to how many CRO cryptocurrencies we were actually able to collect. Therefore, it is necessary to distinguish a few of them, the most important and the most popular for this currency. It should be pointed out that with a large amount of cryptocurrencies, it is worth investing in relatively expensive but reliable equipment that sdasdwill provide us with adequate security of storage. Below are some examples of wallets from hardware to mobile.

Examples of cryptocurrency wallets for CRO