On 20th May 2019, Qtum on its official Qtum Twitter page announced that the token- QTUM will now be available on Crypto.com. The token can now be used on the Crypto.com wallet and the Visa card network as per the announcement.
Founded in 2016, the Hong Kong-based Crypto.com has one clear ambition, i.e. to support the transition to cryptocurrency. According to a recent Crypto.com review, the platform offers various services such as the Crypto.com Wallet & Card App, the MCO Visa Card, a metal card with no annual fees, and the Crypto.com Chain. The company has more than 120 staff on its team.
#Qtum is now available for use on the @cryptocom Wallet and Visa card network
"https://t.co/B5sXZBloHN’s Wallet has an incredible accompaniment: the MCO Visa Card allows purchases from over 40 million merchants worldwide." https://t.co/rgz7WCEVki#Fintech #Blockchain
— Qtum (@qtum) May 20, 2019
If we look at the number of tokens that have got listed to the platform, then QTUM makes it to the 14th spot. Other cryptos and Stablecoins include- Bitcoin (BTC), Ether (ETH), Litecoin (LTC), XRP, TrueUSD (TUSD), and its own MCO and CRO tokens. The PoS based platform is an open source public platform. It mainly leverages the safety of UTXO.
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On the other hand, it also supports “virtual machines, including EVM and the revolutionary x86 VM.” Qtum has a Decentralized Governance Protocol (DGP.) This enables some blockchain settings (such as block size can be increased without depending on the hard fork) to change with the help of smart contracts.
The native token of Qtum blockchain is “QTUM.” It started off as a Bitcoin blockchain hybrid. The platform is an open source public platform. The main focal point of the platform revolves around value transfer. These are further dependent on mobile decentralized apps and smart contracts. By acting as a “value-carrier” it transfers value storing capabilities to other crypto’s smart contract platform.
This listing of the token on Crypto.com will open gates of possibilities for the users. The users will now be able to purchase the token at correct rates. There will be no fees at the platform. Moreover, both the credit card and the bank transfer facility are available to the user. In the official tweet, the company mentioned that the platform will make MCO Visa Card available to the users, as a bonus add-on. This additional aspect will enable the users to get the crypto to fiat conversion seamlessly possible. In addition, the user can also enjoy the good variety of spending at more than 40 million merchants on an international scale. On this, the co-founder and the CEO of Crypto,.com, Kris Marszalek had the following to say,
We are delighted to welcome the QTUM community to the Crypto.com platform. Today, you can buy & sell QTUM at true cost with bank transfer and credit card purchase both supported. We are committed to expanding QTUM coin in other Crypto.com products and allowing QTUM HODLers globally to maximize its utility.
More on Qtum:
Recently, the platform was seen spreading its wings to greater possibilities. For instance, the Qtum project added Google’s Cloud Platform as its software partner.
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With this software, users can build smart contracts for themselves. It is available to the users at the cost of 15 U.S. Dollar per month fees for accessing the virtual machine. The platform welcomes developers to treat it as a test-bed for code forks, decentralized apps, staking, and so on. On this, the Miguel Palencia pointed at how it was once an intrinsic complex procedure to release a node. Palencia explained how the platform’s developer’s tools can act as short cuts that eventually make the entire process so easy and smooth, and much more efficient. The company aims to support both the kinds of user-base with the help of technology, which is straightforwardly accessible to all.
