It seems the Crypto.com is beginning to feel the impact of charity as Crypto.com chain (CRO), a new Public Chain announced in late 2018, witnessed a major spike shortly after the project donated a whopping sum to Binance Charity Foundation.
Data tapped from CoinCodex reflects the digital asset has spiked by 68.38% in seven days and 280.58% within a month. CRO is being traded the most on Bittrex, UPbit, HitBTC.
As at the time of writing, Crypto.com Chain (CRO), an outstanding native blockchain solution increasing crypto adoption globally, has jumped by over 33% in the last 24 hours. It is changing hands at $0.081978, with a market cap of $384,808,709 USD and a 24hr trading volume of $3,503,429, all according to CoinMarketCap.
CZ Binance, a strong believer in the crypto project, tried to link the meteoric rise to the donation made by Crypto.com to Binance Charity Foundation earlier.
He said, attesting to the pushback witnessed in the crypto market, that Crypto.com Chain (CRO) stands out among the other crypto assets.
“Not sure if related, but http://Crypto.com coin (CRO) is up 28% today while most of market is down. Maybe people are enlightened by your hard work, generosity, and noble purpose.”
Speaking on the recent donation to Binance Charity, CEO of Crytpo.com, formally Monaco, Kris Marszalek, said
“The impetus was your Deconomy keynote. 1 BNB donated = 66 days of school for a kid supported by @BinanceBCF – this powerful message needs to be heard by the entire community. We’re all very fortunate to be in position to give back & it’s our responsibility to do so. Donate now!”
Crypto.com Chain (CRO) Fashioned To Increase Crypto Adoption
Looking at the importance of Crypto.com Chain, one won’t doubt that the digital asset is fashioned to increase the acceptance of cryptocurrency across the globe.
The public chain makes it easy for anybody to “pay and be paid in any cryptocurrency of their choice, anywhere without charges”.
Analysts have referred to the innovation as the missing piece of blockchain infrastructure that will help drive the world’s transition to crypto.
The crypto.com Chain Token (CRO) as a bridge between other cryptocurrency, will permit cross-asset intermediary currency settlement.
Three Important Products Added to the Digital Space by Crypto.com
Cryptocurrency has still not gained sufficient trust and acceptance globally despite its continuous increase in popularity, however, the likes of Crypto.com, a Hong Kong-based startup, is trying vigorously to boost its global adoption with its three strategic products.
MCO Visa Card is one of the strategic products invented by the company, a card that gives customers freehand to trade with their cryptocurrencies after conversion without incurring monthly and annual fees.
The fact that the card is connected to a multi-currency digital wallet makes it easy for customers to have access to their finances, trade cryptocurrencies and track cryptocurrency prices.
Transactions with Crypto.com’s MCO Visa are like using other payment cards once it is powered by cryptocurrencies. As soon as the customers fund their wallets, they will be able to trade with their cards at both online and offline merchants that possess Visa approval.
Disclaimer: Our writers invest in cryptocurrencies and it is possible the author of this article has investment in any of the digital currencies discussed. Some times author's presented information may be laced with opinions. Treat articles as mere information and not as financial advice.