RE: Crypto.com Jumps into the Defi + NFTs Game with the Launch of their Mainnet in March
You are viewing a single comment's thread:
What incredible news to see first thing in the morning. This is exciting. I'll have to read up more on Cosmos. I have to wonder how DPOS will affect the tokenomics of CRO. It encourages hodling. But, unlike Hive, which offers greater rewards and influence, I have to wonder what CRO will offer. Eventually, I think I might be inclined to operate a CRO node.
Posted Using LeoFinance Beta
0
0
0.000
Yup, so do I. This news hit me out of the blue, and it shouldn't have, because they've been working on it for two years and testing it for a few months also.
And to think CRO was trading at below 6 cents not too long ago. Probably this only kick started the rally because not enough people know about it or understand what's going on yet.
Posted Using LeoFinance Beta
You may be right, it may be a kick start. One hindrance many tokens have is that they don't have a business use. Developers are left to come up with ideas and build things on their own. In this case, CRO is providing payment rails and other support to make it easy to get set up. And if COSMOS is interoperable, like they claim, CRO may be well-positioned for retail transactions.
On the other hand, Visa and Mastercard may have other plans that could derail CRO serving as the back end to commerce transactions.
They already have their own Visa debit cards, and I don't think they'll give up this partnership, at least for a while.
Crypto doesn't have penetration into the regular retail spendings on its own yet, so unless it will have at some point, these partnerships with Visa or Mastercard gives crypto access to their massive networks. True, that happens after crypto is exchanged to USD or whatever the base currency of the card is, but it is still a gateway which didn't exist a few years back.
Posted Using LeoFinance Beta