Crypto.com, one of the leading payments and cryptocurrency platform, made tremendous headway after the Crypto.com Chain Token (CRO) was listed on Indodax, the largest crypto exchange in Indonesia. The development comes just days after the cryptocurrency was listed on Bittrex International, an international exchange by a premier U.S.-based blockchain trading platform Bittrex.
The company’s official Twitter handle @cryptocom tweeted on March 12:
Hello Indonesia!??@cryptocom's $CRO(with IDR pairs)will be listed on @IndodaxOfficial, the leading exchange, while https://t.co/vCNztABJoG Pay will be implemented with the Yoshugi Media Group. Bringing crypto to 260 Million more wallets! More here-https://t.co/qPs1KzGa20 #crypto pic.twitter.com/LVNVbjRmhR
— Crypto.com (@cryptocom) March 12, 2019
The deposits on the platform began immediately following the announcement on March 13, at 1700 GMT. Trading activities commenced from March 14, 1700, GMT.
“Indonesia is a vibrant market with over 260 million people. We look forward to developing closer ties with both Indodax and the Yoshugi Media Group as we seek to serve our customers in the rapidly growing ASEAN market. We see Crypto.com Pay driving the adoption of cryptocurrency as a mode of payment and CRO token as the ultimate way to settle cross-currency payments instantly and inexpensively,” said Kris Marszalek, the co-founder, and CEO of Crypto.com.
Crypto.com also signed a partnership with Yoshugi Media Group in order to implement Crypto.com Pay after they announced their intention to list their CRO Token on leading Indonesia’s Exchange. Yoshugi Media is an e-commerce company located in Indonesia that sells different products such as Household Products, Electronics, Gadgets, Beauty and Skincare and more. The alliance aims to expand Crypto.com’s services to a more significant number of clients.
Crypto.com Pay is a payment solution, powered by the Crypto.com Chain, which as per the company, is set to transform the payment experience for regular users. Through this platform, a user can pay for goods and services with digital assets. They also receive cashback rewards for their purchases. Merchants can also receive crypto payments without having to be exposed to inherent volatility. They shall also enjoy lower fees and advantage of instant settlements.
Soon after the listing, the value of the digital asset catapulted more than 145% during the first couple of days and is still increasing. Each CRO coin is currently priced at USD 0.095210, and it has a market cap of USD 376,491,653. It is at present, the 21st largest digital asset according to CoinMarketCap.