Velo (VELO) 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).
Velo is a decentralised settlement network that allows participants to safely and securely transfer value between each other in a timely and transparent way. They supercharge the money velocity by leveraging the traditional financial infrastructure and Web3 technology to break barriers, and aims to build new Web3+ products that will make financial services truly trustless, formless, borderless, and limitless, to revolutionize the world of financial services through the transformational power of blockchain technology. VELO is the native token of the Velo network and is used to transfer value on the Velo network and ensure stable settlement. The VELO token’s utility lies in its double feature as both collateral and as an entrance requirement to the Velo Ecosystem.
Crypto.com App users can now purchase VELO 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.