Crypto.com has integrated TRUST, short for Travel Rule Universal Solution Technology. It marks a significant milestone for Crypto.com in its work towards complying with the industry-standard Travel Requirements enacted in various countries.
Travel Rule Universal Solution Technology is a travel rule compliance solution for crypto entities spread across the globe. It is driven by security and privacy as the key principles to protect the users of the exchange platforms who must meet Travel Rule requirements.
Safeguards deployed by Travel Rule Universal Solution Technology for security and privacy are:
- Address ownership proof
- No central storage of personal data
- Fulfillment of standards related to privacy and security
TRUST makes it easier for the members to quickly adapt to the requirements of different jurisdictions by enabling them to implement Travel Rule through the global markets.
Crypto.com is a payment and crypto website founded in 2016 by Kris Marszalek and other co-founders, namely Rafael Melo, Gary Or, and Bobby Bao. The platform has registered more than 50 million users within the six years of its operations. Before signing up, new traders interested in exploring the platform should research and review Crypto.com Exchange reviews.
Crypto.com is headquartered in Hong Kong with 5,000 employees spread throughout its offices in the United States of America, Asia, and Europe. The vision of Crypto.com is to have cryptocurrency in Every Wallet.
Its commitment is to accelerate the adoption of cryptocurrency to empower the builders of the next generation. Crypto.com looks to develop a more equitable and fairer digital ecosystem. The native token of Crypto.com is CRO.
Some perks offered by Crypto.com to its users are a one-stop-shop, low fees, easy conversion of money, interest-earning, and cashback cards. Crypto.com is more than a brokerage as it allows users to trade cryptocurrencies with others through DeFi wallets. They can avail of loans from the platform to meet their expenses.
Users can transfer their funds to the wallet of Crypto.com for a fee that is close to zero. Fund transfers can be executed on Crypto.com through wire transfer or bank transfer. The first 30 days of a new user see a lower fee, especially if they access the platform through the mobile app.
Fiat currencies can be converted into cryptocurrencies within a few minutes. The platform supports more than 20 fiat currencies like the US Dollar, Euro, and GBP.
To increase the CRO stake on the platform, it offers five different prepaid Visa cards. These offer a cashback of up to 8%, depending on the type of card for which the users qualify.
Users of Crypto.com can earn high interest by buying any cryptocurrency on the platform. It could be BTC, ETH, or any other digital currency, and the user would still qualify for the interest of up to 14%.
What brings users to Crypto.com is the advantage that the platform does not charge any annual or ATM fees from them. Anyone can sign up on Crypto.com through its official website or mobile application.
Source: https://www.cryptonewsz.com/crypto-com-and-trust-enter-partnership/