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Topic: Crypto.com - The Pioneering Payments & Cryptocurrency Platform - page 5. (Read 4755 times)

legendary
Activity: 1232
Merit: 1195
So if they transfer the provider will the current card render useless and they would have to reissue the cards?

I agree when I first staked in their platform I was really worried too that they will shut down shop run away with funds.

I would imagine that the cards will need to be reissued by the new company, but it only effects users in Europe I think. Maybe there's someway to transfer accounts since the cards are issued by VISA but it probably depends on how operative and cooperative the defunct company is if at all.
hero member
Activity: 1218
Merit: 500
BintexFutures
So if they transfer the provider will the current card render useless and they would have to reissue the cards?

I agree when I first staked in their platform I was really worried too that they will shut down shop run away with funds.
legendary
Activity: 1232
Merit: 1195
UPDATE: card issuer went bankrupt (Wirecard)
https://www.ft.com/content/284fb1ad-ddc0-45df-a075-0709b36868db
Statement from the CEO on the Wirecard, MCO Visa Card situation here
https://twitter.com/Kris_HK/status/1276091482072473600
Quote
Wirecard AG filed for insolvency in Germany today.
To all our card customers: your fiat funds are safe and guaranteed by http://Crypto.com — in case any of the services provided by Wirecard are disrupted, you will receive a fast 100% credit back to your crypto wallet.

Did Wirecard supply the cards to crypto.com? If yes will we still be able to use the cards that they provided if the Wirecard completely shutdown?

It seems not:

Quote
This morning, the FCA effectively shut down Wirecard UK, the issuer of our cards in Europe.

Our EU/UK cards will stop working today. All customers will receive 100% credit back to their crypto wallets within 48 hours.

We’re moving the card program to a new vendor.

https://twitter.com/Kris_HK/status/1276467556014886912

Full statement here: https://blog.crypto.com/our-statement-regarding-wirecard-uk/

I'm really in two minds whether to use them at all. I'd like to but something just seems wrong. I think there's certainly potential in the exchange and even their own coins which would become quite valuable if their site grows and becomes as big as Coinbase or Binance (who also have their own coin which is worth a nice chunk of change now), but holding coins on their site for so long makes me anxious. I'd really love to know how they can pay interest on all the coins people hold there. Their CEO seems also to have been involved with a company called Ensogo that shut down and many are calling it a fraud but details seem murky and unclear: https://en.wikipedia.org/wiki/Ensogo
hero member
Activity: 1218
Merit: 500
BintexFutures
UPDATE: card issuer went bankrupt (Wirecard)
https://www.ft.com/content/284fb1ad-ddc0-45df-a075-0709b36868db
Statement from the CEO on the Wirecard, MCO Visa Card situation here
https://twitter.com/Kris_HK/status/1276091482072473600
Quote
Wirecard AG filed for insolvency in Germany today.
To all our card customers: your fiat funds are safe and guaranteed by http://Crypto.com — in case any of the services provided by Wirecard are disrupted, you will receive a fast 100% credit back to your crypto wallet.

Did Wirecard supply the cards to crypto.com? If yes will we still be able to use the cards that they provided if the Wirecard completely shutdown?
legendary
Activity: 2310
Merit: 1422
UPDATE: card issuer went bankrupt (Wirecard)
https://www.ft.com/content/284fb1ad-ddc0-45df-a075-0709b36868db
Statement from the CEO on the Wirecard, MCO Visa Card situation here
https://twitter.com/Kris_HK/status/1276091482072473600
Quote
Wirecard AG filed for insolvency in Germany today.
To all our card customers: your fiat funds are safe and guaranteed by http://Crypto.com — in case any of the services provided by Wirecard are disrupted, you will receive a fast 100% credit back to your crypto wallet.
hero member
Activity: 1218
Merit: 500
BintexFutures
They had a forum moderated thread here but they locked it long back now this is the official thread of crypto.com but team members are not much active in the forum so it would be best if you contact them on telegram IMO

https://t.me/CryptoComOfficial
legendary
Activity: 1232
Merit: 1195
I haven't been paying much attention to the crypto space recently but I started getting adverts for crypto.com once I started using Brave browser a few weeks ago. It looks like a decent and slick service that could potentially grow quite large and maybe one to rival Coinbase eventually, but the advertising they use and some of the features make it look a bit sketchy or Ponzi-like or certainly some of the features seem too good to be true. They're offering between 6-16% interest on holding your coins there. Of course this sounds great, but how can they afford to pay that sort of interest? What's the catch? How are they making their money on you just holding your coins there? I could understand if they were paying you just in their own pre-mined tokens but it seems they pay your interest in whatever coin you hold there.

I'm a long-term holder of multiple coins so getting a little bit of interest on my holdings would be nice but the thought of leaving coins on an exchange for a long period of time makes me uneasy, but I guess that's the compromise and risk. I just don't understand the high interest, and the way they advertise it seems like they're desperately tying to get you to hold all your coins there which potentially seems like a recipe for a disaster. Everything about the site seems legit, but something just doesn't seem right to me. There's even great rewards for the debit card with 2-5% cashback on purchases but again, with no fees how do they make their money? They also seem to offer 100% cashback on a Netflix subscription. Again, how can they afford that? I know they'll probably be taking a fee for every purchase made on the cards but enough to give 100% of the price of Netflix back?

I started the sign-up process but it seems you have to complete KYC first and even provide a selfie which I don't really like the idea of and have never been asked to do that on any other exchange before so I stopped. It would have been nice if you could have a browse of the site first and play around with it a bvit without having to complete KYC first (or maybe I'm wrong and you can do this). I don't really want to go through with all that if I don't really like the service and won't be using it. Is it worth continuing with? I've been looking for a new and easy to use exchange to move from Coinbase as their fees are too high and the number of coins they have is limited but I don't know whether it's going to be worth it.

Oh, btw, is this their official thread here? Another thing that seems worrying is the fact that this is self-moderated thread.
hero member
Activity: 1218
Merit: 500
BintexFutures
COO, ericnode was on an episode of SeedlyTV yesterday discussing the future of money.

Eric spoke about the rapid adoption of digital currency and how crypto.com brings this to reality with the MCO Visa Card.

Missed it? Watch it here: https://bit.ly/2Yy83bQ
hero member
Activity: 1218
Merit: 500
BintexFutures
Try reading the reddit post below it might be able help you understand CRO and MCO much better.

https://www.reddit.com/r/Crypto_com/comments/b0tnet/difference_between_mco_and_cro/
newbie
Activity: 19
Merit: 4
I didn't realize this is a good project until its on rank 12th. What is the relationship of CRO from MCO?
hero member
Activity: 1218
Merit: 500
BintexFutures
The card is gorgeous in real life: https://vimeo.com/423978914

[img width=800]
I got the Icy White. I must admit these guys made a miracle. And my cashback from spending is another efficient way of stacking sats.
Cool

Still waiting for mine. I am from Asia and sadly they haven't started shipping to my country. watching other people get the card before me is making me quite jealous lol.
legendary
Activity: 2310
Merit: 1422
The card is gorgeous in real life: https://vimeo.com/423978914



I got the Icy White. I must admit these guys made a miracle. And my cashback from spending is another efficient way of stacking sats.
Cool
hero member
Activity: 1652
Merit: 583
xUSD - The PRIVATE stable coin - Haven Protocol
Really? I went shopping to Edeka and Kaufland, but I didn't receive the 10% cashback. Is this only for online shopping?
By the way I love my royal indigo card Smiley

See the full detailed info about this promo

https://help.crypto.com/en/articles/3857205-crypto-com-special-measures-for-apr-jun-2020

If you have any issue, feel free to contact the crypto.com support, they will solve your problem quickly
newbie
Activity: 21
Merit: 0
Good news, the cashback program increased, you can get up to 10% cashback buying groceries and food delivery in Europe
Those are some of the new partners: Just Eat, Foodora, Glovo, Lieferando, Mercadona, Auchan, Super U, Monoprix, Franprix, Edeka, Kaufland, Lidl and Migros

Really? I went shopping to Edeka and Kaufland, but I didn't receive the 10% cashback. Is this only for online shopping?
By the way I love my royal indigo card Smiley
hero member
Activity: 1652
Merit: 583
xUSD - The PRIVATE stable coin - Haven Protocol
Good news, the cashback program increased, you can get up to 10% cashback buying groceries and food delivery in Europe
Those are some of the new partners: Just Eat, Foodora, Glovo, Lieferando, Mercadona, Auchan, Super U, Monoprix, Franprix, Edeka, Kaufland, Lidl and Migros
legendary
Activity: 3108
Merit: 1531
yes
The card is gorgeous in real life: https://vimeo.com/423978914



full member
Activity: 1050
Merit: 102
Cryptocurrency addict | Invest at your own risk.
Salute to this project, now crypto.com has been successful. They often make big events and have just collaborated with Indodax. It looks like they will enter the Indonesian market for the project. I am interested in their unique features.
hero member
Activity: 1652
Merit: 583
xUSD - The PRIVATE stable coin - Haven Protocol
Finally  Grin
My VISA card is in my hands! It’s real

If you want to grab your Crypto.com VISA card, and get 50$ of bonus, just ping me in private, I have a code for you
sr. member
Activity: 623
Merit: 279
Hope & Positivity are keys to Success

PS: They were also giving away $250 worth of $BTC but it runs out in 3 days time, i was one of many (50 a day) lucky winner).

where was the giveaway on discord or somewhere else? and what was necessary to do to get the chance to win the prize?
the 250$ is a great prize, I would like to take a chance too

Twitter. Make sure to follow them on twitter. https://twitter.com/cryptocom

Only Competition are on twitter or on the exchange.   Current competition is for Tesla model s  and each week someone wins $1,000 USD in $BTC.

Never any discord or telegram giveaways, so make sure not to fall for scams.

In all my years, Crypto.com have impressed me the most in this crypto space, the way they only list potential big coins is testiment to the exchange (expect for BCH of course, no one givess fucks about that coin)


member
Activity: 616
Merit: 11
Crypto.com decided to sponsor the Warzone Wednesday tournament, Keemstar will be its main host, there will also be a 1 BTC draw among all participants who download the application from Crypto https://blog.crypto.com/crypto-com-sponsors-warzone-wednesday-tournament-featuring-host-keemstar/
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