Summary:
- New Partnership: Crypto.com collaborates with Standard Chartered Bank to introduce global retail services.
- Fiat Currency Options: Customers can now access United States dollars (USD), euros (EUR), and United Arab Emirates dirhams (AED).
- Initial Availability: The services will first be available to UAE residents, with plans to expand to over 90 countries.
- UAE Focus: UAE residents can now deposit and withdraw AED against cryptocurrencies they hold via the Crypto.com app.
Crypto.com, the prominent cryptocurrency exchange based in Singapore, has announced the launch of new global retail services in partnership with Standard Chartered Bank. This strategic collaboration introduces a range of fiat currency options, allowing customers to transact in United States dollars (USD), euros (EUR), and United Arab Emirates dirhams (AED).
The initial rollout focuses on the UAE, where residents can now deposit and withdraw AED directly against the cryptocurrencies they hold. This service is accessible through the Crypto.com app, offering a seamless experience for users looking to integrate traditional and digital currencies.
According to information shared with Cointelegraph, Crypto.com plans to gradually expand these services to users in over 90 countries. This phased approach ensures that the platform can cater to a global audience while maintaining the quality and reliability of its offerings.
As Crypto.com continues to enhance its global footprint, this new service marks a significant milestone in its mission to bridge the gap between cryptocurrency and traditional banking. The partnership with Standard Chartered Bank underscores Crypto.com’s commitment to providing versatile and accessible financial solutions to its growing user base, starting with the UAE and expanding worldwide.
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