Crypto.com and TRUST enter into partnership
Crypto.com has incorporated TRUST, short for Travel Rule Universal Solution Technology. This marks an important milestone for Crypto.com in its efforts to comply with industry standard travel requirements enacted in various countries.
Travel Rule Universal Solution Technology is a travel rule compliance solution for globally distributed crypto entities. It is driven by security and privacy as key principles to protect exchange platform users who must meet the requirements of travel rules.
The protection measures deployed by Travel Rule Universal Solution Technology for security and confidentiality are:
- Proof of address ownership
- No central storage of personal data
- Compliance with privacy and security standards
TRUST enables members to quickly adapt to the requirements of different jurisdictions by enabling them to implement the Travel Rule in global markets.
Crypto.com is a payment and crypto website founded in 2016 by Kris Marszalek and other co-founders, namely Rafael Melo, Gary Or and Bobby Bao. The platform has registered more than 50 million users during the six years of its operation. Before signing up, new traders interested in exploring the platform should research and review Crypto.com Exchange Reviews.
Crypto.com is headquartered in Hong Kong and has 5,000 employees across its offices in the United States of America, Asia, and Europe. Crypto.com’s vision is to have cryptocurrency in Every Wallet.
Its commitment is to accelerate cryptocurrency adoption to empower next-generation builders. Crypto.com seeks to develop a fairer and fairer digital ecosystem. Crypto.com’s native token is CRO.
Some advantages offered by Crypto.com to its users are one-stop shopping, low fees, easy money conversion, interest, and cashback cards. Crypto.com is more than a brokerage as it allows users to trade cryptocurrencies with others through DeFi wallets. They can benefit from loans from the platform to meet their expenses.
Users can transfer their funds to the Crypto.com wallet for close to zero fees. Funds transfers can be executed on Crypto.com via wire transfer or wire transfer. A new user’s first 30 days see lower fees, especially if they access the platform through the mobile app.
Fiat currencies can be converted into cryptocurrencies in minutes. The platform supports over 20 fiat currencies such as US Dollar, Euro, and British Pound.
To increase CRO participation on the platform, it offers five different prepaid Visa cards. These offer cashback of up to 8%, depending on the type of card users are eligible for.
Crypto.com users can earn high interest by purchasing any cryptocurrency on the platform. This could be BTC, ETH or any other digital currency, and the user would still be eligible for up to 14% interest.
What brings users to Crypto.com is the advantage that the platform does not charge them any annual or ATM fees. Anyone can register with Crypto.com through its official website or mobile app.