Singapore, February 27, 2025 – Cronos, a prominent blockchain ecosystem, has introduced a novel service that facilitates the seamless transfer of digital assets to personal prepaid card instruments. This advancement, achieved through a strategic partnership with Crypto.com, represents an industry-first initiative and a significant milestone in the integration of decentralized and traditional financial systems.

By establishing a connection between their web3 non-custodial wallets on Cronos EVM or Cronos zkEVM and a Crypto.com prepaid card, users are now enabled to execute one-click top-ups from Cronos EVM or Cronos zkEVM to their Crypto.com Crypto wallet, and subsequently to their Crypto.com prepaid card. In instances where a token is not directly supported, the platform autonomously performs a conversion to USDC or ETH, thereby providing near-instantaneous access to utilize cryptocurrency assets in real-world transactions.

Pi is a new digital currency developed by Stanford PhDs, with over 55 million members worldwide. To claim your Pi, follow this link https://minepi.com/righteousbaffoe and use my username (righteousbaffoe) as your invitation code.

“This newly implemented feature empowers Cronos users to effectuate the near-immediate off-ramping of their cryptocurrency assets and utilize them at any establishment that accepts prepaid card transactions,” stated Ken Timsit, Head of Cronos Labs. “By mitigating the protracted wait times and multiple procedural steps conventionally associated with the liquidation of digital assets, Cronos is facilitating the integration of Decentralized Finance into the sphere of everyday financial activities. Consequently, users are afforded the opportunity to retain their digital assets for extended periods, assured of the capacity to readily withdraw funds at their discretion.”

“This collaborative endeavor underscores Crypto.com’s unwavering commitment to the widespread adoption of blockchain services through the integration of innovative solutions that streamline user experiences,” articulated Eric Anziani, President and COO of Crypto.com. “Our enduring support of Cronos, as evidenced by the joint launch of this feature, attests to our shared vision of further mainstreaming cryptocurrency and enhancing its utility in daily transactions.”

The conversion of cryptocurrency to fiat currency has historically been a complex process, necessitating multiple stages, including the transfer of funds to a centralized exchange and subsequent waiting periods for bank transfers to be processed. Cronos’s new feature effectively eliminates these operational impediments by enabling users to seamlessly off-ramp their cryptocurrency for the purpose of topping up a Crypto.com prepaid card. This approach significantly reduces procedural complexity and waiting times.

This functionality will be accessible on both the Cronos EVM and the Cronos zkEVM, a high-performance Layer 2 network powered by zkSync technology. Ethereum users are positioned to derive substantial benefits from this introduction, owing to the Cronos zkEVM’s direct bridge to Ethereum, which facilitates seamless fiat off-ramping to the Crypto.com prepaid card.

Subsequent to the feature’s launch in February 2025, Cronos will explore the implementation of an automated transfer system for DeFi yields. This forthcoming update will aim to enable users to directly route their staking rewards and other earnings on Cronos used in the process of topping up their Crypto.com prepaid card, thereby further integrating decentralized finance into routine financial transactions.

About Cronos

Cronos (cronos.org) is a leading blockchain ecosystem, adopted by over 500 application developers and partners, representing an addressable user base exceeding 80 million individuals globally. Cronos’s mission is to facilitate the secure and accessible adoption of self-custody in Web3 for the next billion cryptocurrency users, with a focus on Decentralized Finance and Gaming.

The Cronos ecosystem comprises three distinct chains: Cronos (EVM), a leading Ethereum-compatible blockchain built on the Cosmos SDK; Cronos POS, a leading Cosmos chain for payments and NFTs; and Cronos zkEVM, a novel high-performance Layer 2 network.

Cronos is ranked among the top 15 blockchain ecosystems, safeguarding over 6 billion dollars in user assets. Since its inception in 2021, it has securely processed over 100 million transactions.

Cronos Labs is a $100 million startup accelerator dedicated to the advancement of the Cronos ecosystem.