Crypto.com announced the launch of its Pay Your Friends app today, to potentially compete with the business model of Venmo. The app allows for direct, no-fee crypto payments, and is incentivized with $50 equivalent in rewards for adding friends that also stake Crypto.com Chain (CRO).
Crypto.com moved on to app-based activity, in a drive to popularize digital assets. In addition to its debit card business, Crypto.com is adding to financial innovation with direct in-app payment. With the latest launch, Crypto.com competes with payment systems like Venmo and Revolut, as well as Circl...