Popular cryptocurrency exchange, Crypto.com has partnered with Green Dot Corporation, a financial technological firm to launch new banking and money management tools and features for customers in the US. In a blog post today, the exchange confirmed the development.
According to the post, Crypto.com intends to utilize Green Dot’s embedded finance platform, Arc, as an on-ramp and off-ramp for customers’ cash accounts. As revealed, the Arc platform will enable customers to earn interest and easily fund accounts using U.S. dollars digitally or with cash at Green Dot outlets, nationwide. In addition, the exchange also intends to launch a new interest-earning savings vault powered by Arc, with additional features and functionality planned for the future.
It’s worth noting that Green Dot Network is improving Crypto.com users’ experience by offering convenient on-ramp and off-ramp options for funding Cash Accounts. Furthermore, the cash accounts’ new savings vault enables customers to earn interest on funds utilized for purchasing cryptocurrency.
Meanwhile, Sr. Vice President; GM Banking as a Service and Money Processing at Green Dot, Reinta Caine has reacted to the partnership. The exec revealed the firm’s excitement to partner with the exchange to enhance customers experience in the US. Caine further described crypto.com as a leader in providing a safe and secured method of advancing cryptocurrency in the US.
Joe Anzures, a general manager, of the Americas and EVP of payment at the exchange also added that enhancing the utility of cryptocurrencies and offering additional ways to improve users’ financial stability are key elements of Crypto.com’s roadmap. Joe highlighted that Green Dot aligns closely with the exchange’s vision of enhancing digital payment utility and financial empowerment.
Crypto.com partners with Bread Financials
It is worth noting that this development comes barely a week after the exchange entered into a multi-partnership with Bread Financials. As revealed, Bread Financials is a renowned technological firm known for providing simple, personalized payment, lending, and saving solutions to launch crypto credit card program in the United States. In addition, the partnership also included the launch of the Crypto.com Visa Signature Credit Card.
Read More: