Cronos Pioneers Crypto Transfers to Prepaid Cards: Details

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Hold onto your wallets, folks! 🚀 Blockchain superstar Cronos just dropped a bombshell: you can now withdraw your crypto straight to a prepaid card! Yes, you heard that right! In a tech love affair with Crypto.com, they’ve made history by bridging the gap between decentralized finance and your morning coffee run. ☕💳

Cronos: The First Blockchain Ecosystem to Support Prepaid Cards! 🎉

In a world where B2B and B2C are just fancy letters, Cronos is stepping up its game with a shiny new feature. Now, if you have an on-chain account, you can withdraw funds directly to your prepaid card. It’s like magic, but with less rabbits and more crypto! 🐇✨

BREAKING: Cronos, in partnership with Crypto.com, is now the first blockchain to offer direct crypto-to-debit card transfers.

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Users can link their web3 wallets and instantly fund their…

— Cronos (@cronos_chain) February 27, 2025

So, how does this wizardry work? By connecting your Web3 non-custodial wallet on Cronos to a Crypto.com prepaid card, you can top up your card faster than you can say “blockchain.” If your token isn’t on the VIP list, don’t worry! The platform will swap it into USDC or ETH faster than you can find your keys. 💸🔑

Ken Timsit, the Head Honcho of Cronos Labs, is practically doing cartwheels over this new collaboration. He says:

With this new feature, Cronos users can off-ramp their crypto assets almost instantly and spend them wherever prepaid cards are accepted. 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.

Let’s be real: converting crypto to fiat has been about as fun as watching paint dry. You’ve got to transfer funds to a centralized exchange, wait for bank transfers to clear, and pray to the crypto gods. 🙏 But fear not! Cronos’s new feature is here to save the day, letting you off-ramp your crypto like a pro. 🦸‍♂️

Both Cronos EVM and Cronos zkEVM Now Support Transfers to Cards! 🎊

Eric Anziani, the President and COO of Crypto.com, is just as pumped about this collaboration. He says:

This collaboration highlights Crypto.com’s commitment to driving the mass adoption of blockchain services by integrating innovative solutions that simplify the user experiences. We have been a longstanding supporter of Cronos and to launch this feature together is a testament to our shared vision of bridging further mainstreaming crypto and enhancing its daily utility.

And guess what? This feature is available on both Cronos EVM and Cronos zkEVM, the high-performance L2 network powered by zkSync technology. Ethereum users, rejoice! You’re about to benefit from this direct bridge to Ethereum, making fiat off-ramping smoother than your favorite latte. ☕💳

After this feature launches in February 2025, Cronos is already plotting its next move: an automatic transfer system for DeFi yields. Imagine routing your staking rewards directly to your Crypto.com prepaid card. It’s like having your cake and eating it too, but with crypto! 🎂💰

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2025-02-27 18:05