Finally some good news š³
Crypto.com has been around since 2016 and claims to have over 50 million users. It's one of the biggest blockchain companies worldwide, yet they've screwed over its customers multiple times over the past year.
ā Staking rewards have been reduced.
ā Cashback from debit cards has lessened.
ā Lower tiered cards are losing the most benefits.
ā Spotify and Netflix 100% cash back are no longer promised for all.
ā There is no free Visa card option now.
ā Millions of dollars were spent on advertising and partnerships.
ā The CRO token is down about 700% from its ATH at the end of 2021.
ā They lost $30 Million from users' wallets due to a hack.
ā A large number of their employees were let go.
That's a lot of negative rep from such a big brand. Somehow Crypto.com has been able to survive the havoc that this past year has been in the crypto markets. We must also recognize that all of crypto is down pretty hard, not just CRO.
Crypto.com has even managed to get past their embarrassing Matt Damon ad with the most untrue catchphrase ever: "Fortune Favors the Brave". With as much money as CRO investors have lost this past year, it's safe to say fortune DOES NOT favor the brave.
Despite all of this negativity, Crypto.com still has a massive amount of users. There are some that rely on the Defi options, others enjoy the use of the centralized exchange for whatever reason. There is an NFT marketplace too, but we all know that has not been too popular as of late. The main thing that Crypto.com offers is its fancy metal Visa debit cards, which are not cheap.
Although the Visa cards have taken a few hits this year, we have finally received an update to the mobile app that makes using these cards so much easier.
Gone are the times of forgetting to add money to your Crypto.com Visa card, aka top-up. You no longer have to do this manually and it can be triggered on its own once you set a custom command for it to do so. It's a simple process that takes less than a minute to finalize and after that, you'll never have to worry about your card accidentally declining again.
You just select how much and when you wish to auto top-up. You are given the option to select the crypto wallet you wish to top-up with, it must be one of the cryptocurrencies supported by Crypto.com of course. After you confirm this change in your settings, you can feel safe knowing that as long as you have enough of that particular crypto in your wallet, your Visa card will never fail you.
There are some limits to this though.
For now, this feature is only available in the USA, Australia, and Brazil. More countries will be added at a later date.
Also, you cannot auto top-up an amount greater than $500. This however shouldn't cause any issues for most users. Big spenders may be the only ones who get annoyed by the limits.
In a year where it's been pretty much nothing but negative for Crypto.com users, it's nice to finally get something positive. It may be small and most would think auto-top-up would have always been a thing. It took a while to finally get it, but users will benefit tremendously from this minute addition to the Crypto.com app.
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