Crypto.com Chain Surges 400percent Amid New Listings, Enters Top 25 Coins

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Crypto.com Chain (CRO), a cryptocurrency developed as a payment solution to retailers by Hong Kong-based obligations and cryptocurrency platform firm Crypto.com, has witnessed a dramatic surge in recent days, having increased approximately 400percent in only the last week .

At the time of writing (UTC 11:30 AM), Crypto.com Chain is rated as the 25th by market capitalization (USD 244 million) on CoinMarketCap’s ranking. A month before, it had been 81st.

The extremely speedy price surge hasn’t gone unnoticed in the cryptoverse, and several are now asking what exactly is going on with Crypto.com Chain.

CRO price graph:

Crypto.com Chain Surges 400% Amid New Listings, Enters Top 25 Coins 102Source: coinmarketcap.com

Although the coin’s history goes back to overdue 2018, it has seen enormous increases in its price prior to, with the first pump happening back in December when the coin over doubled in price over the course of only a couple of days.

In March, the firm admits that CRO-powered Crypto.com Pay went live and first transactions were processed at store .crypto.com that provides branded clothing.
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Crypto.com Pay demonstration on the Crypto.com store

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Also, Crypto.com Pay SDK (software development kit) is currently available "for selected merchant partners to begin their integration process."

“The Crypto.com Pay SDK has shipped and we will open the platform to our 400,000 users next week. The CRO token serves as a cross-currency settlement instrument for our native blockchain. Further listings of the token will increase liquidity necessary to support transaction volumes and settlement for our growing list of merchants,” Kris Marszalek, Co-Founder and also CEO of Crypto.com said on March 8.

The latest price increase, also have followed important exchange listings, including a listing on US-based exchange Bittrex which was declared on March 8. Further, Crypto.com on March 12 declared their coin could be listed the Indonesian fiat-to-crypto trade Indodax, where local dealers would be in a position to exchange the token against Indonesian Rupiah.

In addition to the Indonesian market listing, Crypto.com also declared they had entered into a partnership with an Indonesian dropship e-commerce firm called Yoshugi Media Group. According into the announcement, Crypto.com’s payment service — Crypto.com Pay — will be used to “cut the exchange rate on fund transfers, reduce the processing fees, and speed up the payment proceeds and flow.”

Crypto.com, which includes offices in Hong Kong and Bulgaria, is also currently on a hiring spree like others in the crypto area. As could be observed from job postings on its website, the firm is presently looking to fill functions for everything out of quantitative analysts, for dealers, marketers, and programmers.

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