Key Takeaways:
- Crypto.com and Standard Chartered Bank have partnered to offer fiat currency services starting in the UAE, with plans for expansion to over 90 countries.
- Users can now deposit and withdraw USD, EUR, and AED through the Crypto.com app, leveraging Standard Chartered’s global reputation to boost confidence.
- This initiative aligns with Crypto.com’s goal of global cryptocurrency accessibility and is supported by Dubai’s Virtual Assets Regulatory Authority (VARA).
Crypto.com has partnered with Standard Chartered Bank to introduce fiat currency services, starting in the UAE, with plans to expand to over 90 countries.
This collaboration enables users to deposit and withdrawUSD, EUR, and AED via the Crypto.com app.
✅ First to offer seamless USD, EUR and AED deposit and withdrawal in over 90 countries.
— Crypto.com (@cryptocom) August 29, 2024
We’re excited to announce the launch of global retail services to our millions of users worldwide, powered by Standard Chartered Bank from our Dubai hub.
Learn more:https://t.co/mv5kgfi8QU pic.twitter.com/gOgc4qXaBE
The partnership aims to enhance customer confidence through Standard Chartered’s global reputation.
Initially launched in the UAE, the service will gradually become available in other regions, supported by Dubai’s Virtual Assets Regulatory Authority (VARA).
https://t.co/ywQUKur5xX and Standard Chartered Bank join forces to empower global financial freedom!
— Crypto Miners (@CryptoMiners_Co) August 29, 2024
This partnership aims to expand global retail services and adding new options like USD, EUR and AED.
This move aligns with Crypto.com’s broader vision of making cryptocurrency accessible worldwide.
The company also recently became the official global sponsor of the UEFA Champions League.
About The Author
Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.
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