Crypto.Com Launches Social Payment App to Rival Venmo By Cryptovest

Crypto.Com Launches Social Payment App to Rival Venmo

Crypto.com announced the launch of its Pay Your Friends app today, to potentially compete with the business model of Venmo. The app allows for direct, no-fee crypto payments, and is incentivized with $50 equivalent in rewards for adding friends that also stake Crypto.com Chain (CRO).

Crypto.com moved on to app-based activity, in a drive to popularize digital assets. In addition to its debit card business, Crypto.com is adding to financial innovation with direct in-app payment. With the latest launch, Crypto.com competes with payment systems like Venmo and Revolut, as well as Circl…

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