Crypto.com, the popular cashback app in Cronos (CRO), has announced that it has integrated Apple Pay as a payment method, currently available only to users in the US.
Crypto.com’s app integrates Apple Pay as a payment method
The Crypto.com app today announced to its followers that it has integrated Apple Pay as one of its payment methods.
Apple Pay is now available in the https://t.co/vCNztABJoG App!
Instantly buy crypto in just a few taps:
🙌 Simple set up
✅ Fast, easy, secure
— Crypto.com (@cryptocom) June 24, 2022
According to reports, in order to use the new Apple Pay integration, users must first add their credit/debit card to Apple Wallet on iPhone. Only then will users be able to use Apple Pay as a quick and secure way to make cryptocurrency purchases in the Crypto.com App.
At the moment, the new integration is only available to users in the US, with a promise from Crypto.com that it will soon be available to everyone else.
Crypto.com and the updated Visa Cards
Early last May, the popular cashback app in Cronos (CRO) announced that it would be updating its Visa Card rewards program, which has been active since 2018.
The new plan went into effect as of this June 2022, at which time users saw a revision of cashback rates in CRO and the introduction of a monthly CRO Card rewards cap, as well as the revision of staking rewards.
To give an example, Ruby Steel Card holders with active staking began receiving 0.5% cashback in CRO on their spending, a much lower percentage than the previous 2%.
Not only that, for Jade Garden/Royal Indigo Card holders, in addition to the reduction of the cashback in CRO to 1.5% (half the previous 3%), they saw the introduction of a monthly cap of $50.
For Icy White, Frosted Rose Gold, and Obsidian card holders, however, the new update touched both cashback and also staking, which dropped from 10-12% to 4%-8%.
Crypto winter also affects the price of Cronos (CRO)
The crypto winter that has been enveloping major cryptocurrencies since early May 2022, with Bitcoin (BTC) falling from $39,000 to the current $21,000, has also affected the price of Cronos (CRO).
In fact, CRO’s bearish trend also coincides with its announcement of revised rewards for its Visa cards.
The price of CRO, in fact, has fallen from $0.31 in early May to the current $0.12. CRO is the 24th largest crypto by market capitalization, with a dominance over the entire crypto market of 0.33%.