Axelar (AXL) is now listed in the Crypto.com App, joining the growing list of 250+ supported cryptocurrencies and stablecoins, including Bitcoin (BTC), Ether (ETH), Polkadot (DOT), Chainlink (LINK), VeChain (VET), USD Coin (USDC), and Cronos (CRO).
Axelar is a blockchain that connects blockchains, securely connecting all blockchain ecosystems, applications, assets and users to deliver Web3 interoperability. Their aim is to bridge the blockchain ecosystems and enable applications to communicate frictionlessly across them. AXL is the native token of the Axelar network and is used for governance, allowing stakers to exercise governance over proposals, such as a parameter change or protocol upgrade. AXL is also used to pay network transaction fees to validators and tokenholders, but users of the Axelar network do not need to hold the token.
Crypto.com App users can now purchase AXL at true cost with USD, EUR, GBP, and 20+ fiat currencies, and spend it at over 80 million merchants globally using the Crypto.com Visa Card.