Crypto.com has teamed up with Circle, a global financial technology firm, to introduce USD deposits and withdrawals to 30+ countries around the world.
Crypto.com users can now transfer USD from their bank accounts and receive USD Coin (USDC) at a 1:1 ratio in the Crypto.com App and Exchange, according to the official press release. When making deposits, users need to wire transfer their USD funds with a unique code provided by Circle, and Circle will take care of the processing, storage, and USD-to-USDC conversion. Users will then receive their funds in their Crypto Wallet within three business days, the press release adds.
This partnership enables users in 30+ countries to transfer funds from the traditional financial world to the crypto world, further supporting Crypto.com’s mission to ‘accelerate the world's transition to cryptocurrency’.
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