**Crypto.com Partners with Standard Chartered for Global Fiat Services**
The cryptocurrency exchange Crypto.com, based in Singapore, has recently announced a strategic partnership with Standard Chartered, one of the leading multinational banking institutions. This collaboration aims to provide fiat services to retail users across the globe, marking a significant milestone for both companies.
**Standard Chartered’s Banking Solutions**
As per the press release shared with CryptoPotato, Standard Chartered will offer banking and payment solutions to facilitate the deposits and withdrawals of major fiat currencies such as the United States dollar (USD), the euro (EUR), and the United Arab Emirates Dirham (AED) on the Crypto.com app. This partnership will enable Crypto.com users to seamlessly transact in these fiat currencies, enhancing the overall user experience.
**Expansion Plans and Regional Hub in Dubai**
Initially, the new fiat services introduced by Crypto.com will be available exclusively to retail clients in the United Arab Emirates (UAE). However, the exchange has ambitious plans to expand its offerings to a global audience through its regional hub in Dubai. This expansion is made possible by the supportive regulatory framework established by Dubai’s Virtual Assets Regulatory Authority (VARA), which aims to promote the growth and development of digital assets in the region.
**Eric Anziani’s Perspective**
Eric Anziani, the President and COO of Crypto.com, expressed his excitement about the collaboration with Standard Chartered and the launch of global retail services. He emphasized that this partnership represents a significant step in Crypto.com’s expansion strategy and reinforces their commitment to providing a top-notch customer experience while prioritizing security and compliance. Anziani highlighted that offering fiat deposit and withdrawal services is part of Crypto.com’s efforts to drive adoption of cryptocurrencies among users.
**Standard Chartered’s Commitment to Innovation**
Rola Abu Manneh, the CEO of Standard Chartered’s UAE, Middle East, and Pakistan divisions, underlined the alignment of the partnership with Crypto.com with the UAE’s vision of establishing itself as a digital asset hub regionally and globally. She mentioned that Standard Chartered is dedicated to supporting Crypto.com’s global expansion by offering tailored banking solutions that enhance the accessibility and functionality of their retail services. This collaboration resonates with the UAE’s National Agenda, which emphasizes innovation, economic diversification, and the growth of a knowledge-based economy.
**Crypto.com’s Recent Achievements**
The partnership with Standard Chartered adds to Crypto.com’s recent accomplishments, including securing a groundbreaking multi-year partnership with the Union of European Football Associations (UEFA) to become the official global sponsor of the Champions League. Additionally, Crypto.com has launched an exchange catering to institutional investors and has received operational approval from the VARA, making it one of the pioneering crypto platforms to achieve this milestone.
As Crypto.com continues to expand its global footprint and enhance its suite of services, the collaboration with Standard Chartered sets a solid foundation for the exchange’s future growth and success in the rapidly evolving cryptocurrency landscape. The synergy between these two industry leaders signifies a step towards mainstream adoption of digital assets and the integration of traditional banking services with the innovative capabilities of blockchain technology.