Flare (FLR) 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).
Flare is a layer 1 Ethereum Virtual Machine (EVM) based blockchain which enables robust interoperability. The network is built with two open native interoperability protocols: the State Connector and the Flare Time Series Oracle (FTSO), which aim to generate accurate estimates of off-chain time series data on the Flare Network, respectively and blockchain. FLR is the native token of Flare Network, required for native payments and spam control at the network level. Each FLR token has an associated and divisible vote which can be delegated in order to participate in the FTSO. Furthermore, as Flare uses proof of stake, both FLR and FLR’s liquid staking token can be used as collateral within applications, as well as for governance purposes.
Crypto.com App users can now purchase FLR 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.