Buy ALGO at true cost with USD, EUR, GBP and 20+ fiat currencies
<HONG KONG, June 24, 2019> - Crypto.com, the pioneering payments and cryptocurrency platform, announced today that it has listed Algorand’s ALGO to its App. ALGO joins a growing list of cryptocurrencies and stablecoins on the Crypto.com platform, such as bitcoin (BTC), ether (ETH), Litecoin (LTC), XRP, TrueUSD (TUSD), PAXOS (PAX), and its own MCO and CRO Tokens.
Algorand removes the technical barriers that undermines mainstream blockchain adoption: decentralization, scale, and security. Its consensus mechanism is permissionless and pure proof-of-stake. It ensures full participation, protection, and speed within a truly decentralized network. With blocks finalized in seconds, Algorand’s transaction throughput is on par with large payment and financial networks.
With ALGO added to the Crypto.com App, users can now purchase ALGO at true cost with USD, EUR, GBP and 20+ fiat currencies - credit card and bank transfer both supported. As Crypto.com also offers the MCO Visa Card, this adds additional utility to ALGO as users can easily convert cryptocurrencies into fiat currencies and spend at over 40m merchants globally.
Algorand believes that a public, permissionless, pure proof-of-stake blockchain with an open source approach is fundamental to delivering on the vision of a borderless economy - a borderless economy, at its most basic level, is a digital economy where anything of value can be traded between two or more parties without the friction of current financial networks. Algorand is said to be the first blockchain to provide immediate transaction finality without the fear of forks. For more information, please visit: algorand.foundation.
Crypto.com was founded in 2016 to accelerate the world’s transition to cryptocurrency. Key products include: the Crypto.com App, the best place to buy, sell, and pay with crypto, the MCO Visa Card, a metal card with no annual fees, and the Crypto.com Chain, which enables users to pay and be paid in any crypto, anywhere, for free. Crypto.com is headquartered in Hong Kong with a 120+ strong team. For more information, please visit: www.crypto.com.