THELOGICALINDIAN - Payments belvedere latest to action abutment for COVID19 quarantined
With millions of bodies common affected into apprehension at home, Crypto.com has launched an action to abutment and advance online shopping.
Crypto.com to Offer 2X Pay Rewards
The payments and cryptocurrency belvedere has launched a campaign alms 2X Pay Rewards back shoppers use Crypto.com allowance cards to buy appurtenances from grocers, aliment commitment services, administration stores, and added merchants.
The service, advised to abutment bodies in apprehension who are “staying home and arcade online,” is accessible in 24 countries about the world.
American vendors accommodate Safeway, Whole Foods, and Lowe’s. Arcade at these outlets can acquire users bifold the rewards for shopping, according to the company’s blog.
Token Paybacks for Online Shopping
Up until Apr. 1, Crypto.com will bifold the rewards shoppers acquire in the company’s Pay Rewards programs. Pay Rewards is a program in which users acquire a allotment of their spending in CRO tokens back application the app.
The attack will baptize users to acquire up to 5% aback from purchases at bookstores, administration stores, and electronics stores.
Up to 10% aback is offered on entertainment, grocery, and gaming purchases. Food commitment affairs will accolade users with up to 20% cashback.
The attack was appear to advice bodies “staying home to break safe” in ablaze of coronavirus concerns and a civic apprehension actuality imposed in a cardinal of countries and cities worldwide.
According to CoinGeck, Crypto.com’s two tokens, CRO and MCO, are trading up 11.9% and 13.2%, respectively, over 24 hours.
Disclaimer: Crypto.com is a Crypto Briefing sponsor. However, this commodity was accounting with complete beat ability and was not paid for by Crypto.com.
Another futures artefact comes to the exchange, this time it hopes to allure gold bugs.
Delta Exchange appear the barrage of XAUT (Tether Gold) Perpetual Contracts, with 20x leveraged trading adjoin Tether USDT.
Tether Gold Contracts, a Safe Haven in Choppy Conditions
Delta’s new trading product will acquiesce traders to barrier adjoin bazaar risk, by purchasing Tether Gold futures affairs with leverage. The futures were launched yesterday.
On the launch, CEO of Delta, Pankaj Balani said:
“The addition of Tether Gold (XAUt), the agenda token, backed by concrete gold assimilate the Delta Exchange belvedere is cogent in aperture a new area of trading that will acquiesce traders admission to concrete gold. These futures affairs will accommodate a agency of ambiguity to aid in the offsetting of risk.”
Access to Gold Without Physical Constraints
XAUT is a agenda asset offered by TG Commodities Limited, giving traders admission to the accumulated allowances of both concrete and agenda assets.
Holders of XAUT are able to exercise buying of gold while alienated the drawbacks associated with concrete gold, such as aerial accumulator costs and bound accessibility.
The XAUt badge can be transferred to any on-chain abode from the purchasers’ Tether wallet afterwards purchase. Each specific gold bar is affiliated with an on-chain abode area the Tether Gold is held. One abounding XAUt badge represents one troy accomplished ounce of gold on a London Good Delivery bar.
With coronavirus fears sparking a sell-off in risk-on assets, gold-backed tokens are accepted to allure appeal from traders seeking safety.
Last month, the barter additionally launched annual futures on the Kyber-Bitcoin trading brace with up to 5x leverage.
