Crypto.com has partnered with Green Dot to expand its financial services to US-based users. Using Green Dot’s built-in finance platform, ARC, Crypto.com relies on Green Dot to support Crypto.com cache accounts, allowing users to easily access US dollar funding options and utilize savings tools.
The collaboration will provide an on and off ramp system that allows users to deposit funds digitally or cash from over 95,000 retailers nationwide via the Green Dot Network.
It also includes launching a new savings vault that will allow users to gain interest in their cash account balances. Cryptocurrency users are making more profits from these services as they help to enhance financial accessibility and facilitate account funding and withdrawal through Fiat.
Retail cash locations and interest earning safes are accessed
This integration allows Crypto.com users to easily fund cash accounts at retail stores such as Walmart, Walgreens, CVS, and 7-Eleven. With its infrastructure, Greendot ensures that participating stores are close to almost everyone in the US. Therefore, many cash deposits and withdrawals become easier for most people. This is especially important at the bottom of banks where banking services are limited.
Users can earn interest on their USD balances through their cash account savings banks. This feature improves the usefulness of customers’ funds for purchasing cryptocurrency, is a great financial tool, and expands Crypto.com’s non-crypto services in a secure, regulated space.
Expanding financial tools in a regulated environment
The integration of ARC with Crypto.com and Green Dot brings superior utility to digital assets and fits Crypto Firm’s efforts to bridge the gap between traditional finance and Crypto Finance. Crypto.com customers have access to regulated financial services, ARC’s FDIC insurance banking capabilities, and enterprise-grade APIs that allow for seamless transaction and compliance monitoring.
Green Dot has over 80 million account owners across multiple channels. The company’s collaboration with Crypto.com shows the expansion of built-in finance tools to provide scalable and secure banking services within digital platforms.
