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Crypto.com announces Integration of Binance Coin (BEP2) To Platform

By Rafał - 2019-08-07

Crypto.com, the cryptocurrency payment solution has announced that it has added the Binance Coin support to its platform.
It also stated that users of the platform can now stake the coin for a minimum of 3 months at 8 percent per annum and receive $20 incentive for their investment. This would be in CRO in an obvious move to increase adoption of the Crypto Earn internal token.
Earn BNB
source: https://blog.crypto.com
The release added that qualifying accounts must deposit a minimum of $100 in BNB token in accounts opened from August 6, 2019. These slots are meant for just 5000 accounts awarded on first com first serve basis.
The platform further announced the release of its latest app version, 3.30 with effect from August 6. This would automatically convert all ERC-20 BNB tokens on the platform to BEP2 format of the BNB with effect from 3.00pm Hong Kong time.
The swapping would be in the ratio of 1:1 but the holders of BNB on the Crypto Earn platform would all be entitled to the 8 percent interest annually.
The platform maintained that it would continue supporting the ERC-20 deposit of BNB through users’ Ethereum wallets. They warned that deposits of ERC-20 based BNB to non Ethereum wallets after August 6, 2019 may lead to loss of such deposits.
They however alerted the users that before the ERC-20 support for BNB would be scrapped completely, an update to that effect would be announced.
The BNB is a community developed blockchain that has served the Binance community. The Binance Coin was initially built on the Ethereum smart contract pending the completion of the community’s own blockchain, the Binance chain, to which all transaction have been migrated to.
Crypto.com has been a payment platform that seeks to bring cryptocurrency adoption to the public through integration with common payment systems. The Hong Kong based company has been in operation since 2016.
Learn more about Crypto.com: https://crypto.com/