{"id":8215,"date":"2021-08-18T15:30:22","date_gmt":"2021-08-18T14:30:22","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=8215"},"modified":"2021-08-18T15:30:34","modified_gmt":"2021-08-18T14:30:34","slug":"cryptocom-launches-usd-transfers","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/cryptocom-launches-usd-transfers\/","title":{"rendered":"Crypto.com launches USD bank transfers using Circle’s API"},"content":{"rendered":"\n
According to an August 18 release, digital asset exchange and service provider<\/a> Crypto.com customers in more than 60 countries can now make U.S. dollar bank transfers to and from their USDC wallets.<\/h5>\n\n\n\n
\"Crypto.com<\/figure>\n\n\n\n

The extended fiat capabilities for institutional account holders have been enabled through its cooperation with Circle, according to an August 18 release.<\/p>\n\n\n\n

With a unique code issued by Circle, institutional customers can now withdraw \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>dollars from their Crypto.com USD Coin (USDC) wallet via bank at a 1:1 ratio.<\/p>\n\n\n\n

Within three business days, bank transfers should be processed. Crypto.com's CEO and co-founder, Kris Marszalek, stated:<\/p>\n\n\n\n

\u201cOur integration with Circle provides Institutional clients with a robust and stable USD fiat on and off-ramp to the Crypto.com Exchange.\u201d<\/p><\/blockquote>\n\n\n\n

Crypto.com announced its relationship with Circle at the end of June, disclosing that users of the Crypto.com app may deposit monies into their USDC balances via U.S. dollar bank transfers, thanks to the firm's usage of Circle's APIs<\/a> to onramp fiat funds settled in the stablecoin.<\/p>\n\n\n\n

Circle co-founder and chairman Jeremy Allaire praised the agreement as “fueling crypto adoption globally.”<\/p>\n\n\n\n

After obtaining the domain www.crypto.com for $12 million from the University of Pennsylvania professor Matt Blaze, Crypto.com rebranded from Monaco in July 2018.<\/p>\n\n\n\n

Monaco was renowned at the time for raising 70,000 Ether in a June 2017 initial coin offering, as well as a pre-paid Bitcoin Visa debit card.<\/p>\n\n\n\n

Since rebranding, the company has focused<\/a> on running its exchange and actively pursuing marketing agreements, including a $175 million sponsorship contract with the premier mixed martial arts promoter, Ultimate Fighting Championship, and a global arrangement worth an estimated $100 million with Formula 1.<\/p>\n","protected":false},"excerpt":{"rendered":"

According to an August 18 release, digital asset exchange and service provider Crypto.com customers in more than 60 countries can now make U.S. dollar bank transfers to and from their USDC wallets. The extended fiat capabilities for institutional account holders have been enabled through its cooperation with Circle, according to an August 18 release. With […]<\/p>\n","protected":false},"author":12,"featured_media":8218,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32,26,21],"tags":[2299,1360,2298],"class_list":["post-8215","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-exchange-news","category-cryptocurrencies","category-news","tag-circle-api","tag-crypto-com","tag-usd-transfer"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/08\/Cryptocom-launches-USD-bank-transfers-in-over-60-countries-using-Circles-API.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/8215","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=8215"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/8215\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/8218"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=8215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=8215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=8215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}