Hong Kong, July 16, 2019, Crypto.com, a payment and blockchain asset platform, today announced that Crypto.com Chain (CRO) has welcomed the first settlement agents OSL and stable currency partners Paxos and TrustToken.
Crypto.com Chain (CRO) is a high-performance blockchain solution that supports scan code payment, enabling users to pay and collect money from blockchain assets anywhere, thereby driving global blockchain assets. popular. The settlement agent on the Crypto.com chain network will perform transaction settlement between the Crypto.com chain CRO and the stable currency. The Stabilizingcoin partner will convert the Stabilized Currency into legal tender and pay it to the merchant in a convenient manner.
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The following three companies have confirmed their intention to join the Crypto.com Chain (CRO):
OSL is an Asian digital asset brokerage services company offering a full range of institutional products and services. OSL provides over-the-counter (OTC) services that connect large liquidity pools, intelligent quoting systems (iRFQ) for single or multiple blockchain assets, custom blockchain asset services, and other trading solutions designed for institutional investors.
Paxos is a trust company and financial institution regulated by the New York Financial Services Department (NYDFS). Paxos has released PAX, which is one of the world's first regulated stable currencies linked to the US dollar.
TrustToken is a platform for creating asset-guaranteed blockchain assets and ensures that asset creation is legally protected, auditable, and guaranteed. TrustToken has issued TrueUSD, a US dollar-backed ERC20 stable currency, with sufficient funding guarantees and transparent review by third parties.
Kris Marszalek, co-founder and CEO of Crypto.com, said:
“Settlement agents and Stabilizingcoin partners will play a key role in the Crypto.com chain, helping to ensure adequate liquidity, reduce settlement risk and provide price stability for merchants. We are pleased to work with these three leading companies in the industry. And will continue to work to improve the ecosystem of the Crypto.com Chain (CRO)."
For more information on the Crypto.com Chain (CRO), please visit: www.crypto.com/cn/chain
About OS Limited (OSL)
OSL is an Asian digital asset brokerage services company offering a full range of institutional products and services. The parent company is BC Group (0863.HK), and OSL has established the highest standard in the industry. OSL provides over-the-counter (OTC) services that connect large liquidity pools, intelligent quoting systems (iRFQ) for single or multiple blockchain assets, custom blockchain asset services, and other trading solutions designed for institutional investors. OSL's self-developed security brokerage platform allows its users to participate in the global digital asset market as an institutional investor. OSL is an industry leader in partner selection, security, transparency, trading, customer review (KYC) and anti-money laundering compliance. The OSL team is made up of experienced professionals and trusted by the community. The founder of OSL is a pioneer in the global digital asset ecosystem and has been active in the industry since 2013. For more information on OSL, please visit osl.com. For more information on the BC Group, please visit bc.group.
Paxos' mission is to accelerate the movement of assets and revolutionize modern finance. Paxos' future vision is that digital assets, cash, commodities or securities can flow instantaneously anytime, anywhere. This will solve the current problem of delivery risks and free up trillions of dollars into global, seamless trade. Paxos is the first financial technology company to be directly regulated by the New York State Financial Services Authority, and therefore has a unique advantage in the digitalization of the flow, exchange, custody and settlement of assets. For more information on Paxos and its institutional products (such as PAX, itBit blockchain asset trading, over-the-counter trading, transaction follow-up and hosting), please visit www.paxos.com. PAX and Paxos Standard are trademarks of Paxos Trust Company, LLC.
TrustToken is the world's first platform for creating asset-backed blockchain assets and ensures that asset creation is legally protected, auditable, and guaranteed. TrueUSD is the first blockchain asset created on the TrustToken platform. TrueUSD is a US dollar-backed ERC20 stable currency with sufficient financial guarantees, legal protection, and transparent audit verification by third-party certification. It uses multiple escrow accounts to reduce third party trading risk and provides legal protection to blockchain asset holders against misappropriation. For more information, please visit www.trusttoken.com.
Founded in 2016, Crypto.com's vision is to accelerate the transformation of the global economy into blockchain assets. Key products include: Blockchain asset trading and payment platform – Crypto.com mobile wallet App, metal card with no annual fee – MCO Visa card, and a zone that allows users to pay for various blockchain assets free of charge anywhere Blockchain technology – Crypto.com Chain (CRO) QR scan code payment. Crypto.com is headquartered in Hong Kong and has a strong team of more than 120 people. For more information, please visit www.crypto.com/cn.