After rolling out its card across 31 European markets earlier this year, Crypto.com has now launched its app and cryptocurrency exchange in France.
Crypto.com claims that its app provides users with “unrivalled benefits: competitive rates, unprecedented cashback rewards when shopping with the Crypto.com card and the ability to purchase gift cards using crypto for top brands throughout Europe.”
“We’re excited to launch the first local-language version of our app and exchange in French, bringing us one step closer to fulfilling our vision of accelerating the world’s transition to cryptocurrency,” said Eric Anziani, COO of Crypto.com.
“There’s a vibrant Francophone crypto community, especially in the fast-growing DeFi space; France is also home to great innovators and partners like Ledger. Expect to see more local language versions of our App and Exchange soon, as we work to put cryptocurrency in every wallet.”
The news comes as the cryptocurrency and blockchain segment has lost some of its momentum, at least in terms of investment into the sector, according to FinTech Global’s research.
Investment into the global blockchain and cryptocurrency industry grew from $793.7m in 2015 to peaking at $7.62bn in 2018.
However, the total value of the funds raised crashed in 2019 when the sector only attracted to $3.11bn in investment across 161 deals. By the end of the first half of 2020, the sector had raised $578.2m across 53 deals.
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