RE: Crypto.com Jumps into the Defi + NFTs Game with the Launch of their Mainnet in March
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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.
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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.
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