Snek (snek) 
Cronos Launches Prepaid Crypto Card Service for Seamless Transactions
Cronos has launched a prepaid crypto card service, enabling users to withdraw funds directly to a Crypto.com card with just one click. This innovative feature allows users to link their web3 non-custodial wallet on Cronos EVM or Cronos zkEVM to a Crypto.com prepaid card, facilitating effortless transactions.
Streamlined Transactions with Auto-Conversion
The platform automatically converts unsupported tokens into USD Coin (USDC) or Ethereum (ETH), ensuring seamless transactions. This feature eliminates the need for multiple steps and wait times, making it easier for users to cash out their crypto assets.
“With this new feature, Cronos users can off-ramp their crypto assets almost instantly and spend them wherever prepaid cards are accepted,” said Ken Timsit, Head of Cronos Labs. “In eliminating the wait times and multiple steps usually required when cashing out, Cronos is bringing DeFi closer to everyday life. As a result, users can hold their digital assets for longer in the knowledge that they can easily withdraw funds at any time.”
Crypto Payment Solutions on the Rise
Cronos’s prepaid card solution is the latest addition to the growing lineup of crypto payment solutions, reflecting the increasing adoption of crypto for everyday transactions. This trend is evident in recent launches, such as:
- The Avalanche Foundation’s Avalanche Card, which allows users to spend crypto at any merchant that accepts.
- Crypto.com’s expansion of its Visa payment card program to Latin America, offering 8% cashback, service rebates, and airport lounge access.
- Alchemy Pay’s integration with Samsung Pay, enabling users to make fast and secure payments with crypto.
These developments demonstrate the growing demand for crypto payment solutions that facilitate seamless transactions and bridge the gap between traditional finance and decentralized finance (DeFi).
For more news on the latest cryptocurrency trends and developments, visit Global Crypto News.
