Leading blockchain ecosystem Cronos, in collaboration with Crypto.com, has introduced a new solution that allows users to instantly withdraw funds to personal prepaid cards. This is the industry's first feature, marking a step forward in bridging decentralized and traditional financial services.
The New Service from Cronos and Crypto.com
Users can connect to their non-custodial wallets on Cronos EVM or Cronos zkEVM, then top up the Crypto.com prepaid card in one click. If a token is not supported directly, the platform automatically converts it to USDC or ETH, allowing for instant access to crypto assets for use in the real world.
Benefits and Functionality of the New Solution
Converting crypto to fiat is typically a cumbersome process requiring multiple steps, like transferring to a centralized exchange and waiting for bank transfers. Cronos' new feature eliminates these pain points, allowing users to quickly and seamlessly utilize their assets for topping up prepaid cards.
Future Plans and User Impact
Following the feature's launch in February 2025, Cronos aims to explore an automatic transfer system for DeFi yields. This development will allow users to route their staking rewards and other earnings directly to their Crypto.com prepaid cards, further integrating decentralized finance into daily financial activities.
The new solution by Cronos and Crypto.com marks a significant moment in the development of DeFi and its integration into everyday life, providing users with greater flexibility in managing their crypto assets.
