yes guys welcome back to the channel as
full way so guys in today's video I'm
gonna do a full comprehensive review of
the very popular now kind of sweetest
services from crypto.com, now I want to
do quickly I want to do this because to
be honest guys I am really enjoying
crypto.com I think it could potentially
be like the next kind of coinbase of the
space and there customer-facing they're
doing things a community one and I
really do think that's a pretty cool
stuff in it so guys I'm video if you're
holos stuff like CRO to get em MCO we're
gonna go through their cold storage
Ledger's it's a full-on deep dive I've
done some serious research on this so I
stopped awfully good anyway without
further ado I'll see you on the screens
here we go right guys let's dive into it
I'm on the main website now and if you
see the top says crypto.com and it says
buy sell and pay with cryptocurrency
just to go from the very top guys when
we go into the team in a second but you
know this this project basically gives
you exposure to products within
cryptocurrency pretty simple guys so it
says it at the top exchange app cards
earn credit invest pay will go through
all those things in a second you can see
here you got your exchange your app get
your cards as well we'll go into the
cards in a second got some really cool
stuff what the cards you've got the earn scheme up to 8% you get credit
you can do payments you can do investin
the team, cryptocurrency wallet crypto.com
time hour you and two exits
seoeon's ago founder of beer crazy
sounds a bit beach crazy a be crazy no I
said beer crates that were pretty cool
and sold a 21 million dollar I by group
in 2013 so he's got extensive experience
in building companies from nothing bring
them to multi-million dollar valuations
and then moving on let's look at Roth oh
that was rough
here we go Rafael so 15 years experience
in finance obviously we need finance
experience you know the end of the day
cryptocurrency is the future of Finance
in my opinion and it says here deep
understanding of risk compliance and
mobile payments ecosystem in Asia led
fundraising efforts as CFO at ASX
listing and ago that's the same thing he
was in as well security really good
stuff guys CFO but the CTO as well as
the tipped chief technical officer he's
a hacker pretty cool product designer
entrepreneur nine years and the list
goes on guys I got some really good team
and they actually employ over 200 people
right now so put into perspective guys
if you look at a company like block one for
instance who have billions of dollars I
think they have a 150 employees so put
it's pretty pretty darn good and it's
really it's really important to check
out the team go for everyone see the
people are actually running this thing
and this guy here Chris he is like
really really centered on security and
we'll get that into a second some of the
security things they do in the project
is really really easy as well so let's
just go through this list and we'll
start with the exchange right guys so
here we are and here is the exchange is
in beta at the moment it says exchange
beta they have got a whole plethora of
different go to cryptocurrencies so you can buy
within the app so you can do Bitcoin see
our token we're gonna go into that a
second MCO ETH XRP LITECOIN like on the list even EOS
goes on even eos you can trade them you
can buy them you can sell them all the
same stuff as any type of exchange out
there or so when you buy any of these
assets through crypto.com all of the
funds are kept in cold storage and they
actually built their own hot wallet
solid solution in house which mate gates
risk as well so it's all on cold storage
you can store it I feel very safe
holding funds in the crypts of a common
app I'm going to show you more about the
app in a second or I should go into that
but as you can see a whole plethora
different assets and it's all secured
down really nicely so the top here it
says markets we won't actually go on the
actual trading side you know the trading
is another whole thing but the syndicate
is something definitely to look out for
so if you join the syndicate it
basically gives you money off and fees
off basically buying cryptocurrencies
within the platform they got a whole
play for different stuff so you can get
into the etherium syndicate and you get
a discount you can see here VAT Vechain
a Bitcoin cash tezo's and what this does
is it just creates another product for
retail investors to buy tokens without
you know getting in and out easier and
cheaper and you basically buy into a
syndicate you got the EOS listing here
and you can get some really good returns
on APR within the earn app but we'll get
into earn in a second but overall really
good to see this and it's very customer
you know retail customer focus which
really like as well also here it says
trading arena as well so they're good
you know there's gonna be margin trading
that's what they're gonna bring margin
trading and leverage that kind of stuff
s I think it's a little bit into the
future this is a use case for the CRO
token for the de trading battle I'm not
sure this is actually live yet this ever
looks so you got um tezo's Trading
battles there is trading battles going
on right now I don't if they got
leveraged yet that is something in the
pipeline though just to remember and you
see our trading battle we're gonna get
into the utility of that ya fifty
thousand dollars you know they're gonna
be going off to the buy bits in the firm
X's and you know even the bit mix of the
space with this as well they've got
their arena looks really cool but moving
on to the next thing so next thing guys
will talk about is the app now guys the
app is super cool and I think this is
probably what sold me on crypto.com
actually overall is this app I'll put
some on the screen now of my app and
I'll show you some stuff so basis says
here the only place to buy crypto at
true cost so user syndicate you can use
different things to get discounts looks
really clean the interface actually just
did an update recently that we're
looking at like you know early 2020 at
the moment so you might watch a replay
view but they did do some pretty crazy
updates so you can buy sell seven Fiats
and 52 cryptocurrencies out sec so
manage and spend your funds with the MCO
Visa card any time so I'll get into the
card in a minute so you can buy like ii
think i said before by super simply guys
you can visit top up with bank transfer
debit cards or crypto they're actually
doing like a 0% fee you know if you if
you want to buy with your card right now
you can get 0% 0% feeds on by encrypted
right now i don't know when you're
watching this but it's pretty cool you
can buy crypto with fiat so to on-ramp
as well you can send crypto to other
crypto.com users so similar to kind of
like you know telegram or whatsapp
you're gonna be able to send money
across accounts withdraw crypto from
external wallets as well so i i
basically have like rewards i basically
can move them into external wallets into
different cards you name it there's no
limit limits to where you can send it
and you can track more than 200 coins as
well so as a portfolio manager also
within the app you can unlock rewards by
stating the MCO tok and i'll put it on
the screen now be probably at a sink but
MCO is basically the the fuel and the
the ecosystem token for getting rewards
on your card if you stake fifty MCO
tokens you get like free spotify u s--
take 500 tokens and you get free spotify
and netflix i think it is and typical
I've actually got a link at the bottom
if you use that link to sign up with it
with the whole platform you basically
get $50 free as well so look at it is
you know you can spend that fifty laws
on what you want or fifty dollars off
and in my
guys staking to get rewards actually a
massive leap forward innovation because
when you stake the tokens you don't lose
them you know you still have the
potential for upside as well not
financial advice but MCO could go in the
future I think it's more demand is
probably off in price so when you stake
tokens that you don't actually spend
them you still own the underlying asset
so it's quite interesting guys it's
almost like free in a way if you think
about it because if you say you stake
the tokens and you wait you wait 180
days and you take them out you can
actually get your money back and you've
got free spot or fight during that time
so it's pretty insane guys and a lot of
people are doing it links will be below
you can use it really helps support the
channel all that kind of great stuff so
move it on these are all the cards we'll
get into that in a bit more detail in a
second so here we are guys here are the
cards and the first one you see is the
black one you need 50,000 MCO to get
this
it's called odd city and black this is
called obsidian now as you can see
here's the utility for the MCO okay let's
go through the utility so 5% back on all
spendings and MCO Crips are con private
you know it's a jet partnership so as
you can see these are the the cards you
can get guys you can get a silver frost
one let that load up you can get a
silver one as well you can get I think
I've got this one coming I've got the
blue one already but I'm waiting and
then which will have I got I can't
remember I think it's like the 51 I
think I'm getting this one actually Ruby
steel and it's pretty cool guys I like
the color schemes you know that little
touch you won't have a nice solid and
it's made of steel as well as a metal
card as well which I really like
mine's just mines gonna arrive and I
think seven days I'm gonna do another
whole video maybe an unboxing I'll put a
video if I've done that video yet I'll
put at the top but might not be done yet
so you can see these are really cool
cards really cool stuff and the MCO
token like I said it's the fuel for the
card you get more rewards and will go
into the utility of the CRO take and as
well they'll hold the heroin blockchain
coming as well as a video here you can
check that out yourself but compare the
tears so yeah 50000 MCO gets the old
city in black card 5000 MCO 550 I think
I'll get yeah I'm getting the Ruby steel
at the end of the day I don't really
watch much on Netflix so yeah you get
free Spotify and all you have to do is
take tokens and then you don't even lose
the tokens that you don't actually spend
it and I think in personally in my
opinion not financial advice the MCO
token is gonna rise in value as demand
gets higher so it's like you're making
money to get free stuff I absolutely
love it it's so good and also if you
want if you want to go out you know
crazy and get the fifty thousand MCO
card you get a whole plethora of
different things guys you can check it
out you also got crypto.com
you can do investing Oct block trades so
you can get over-the-counter trading and
you basically get a little bit more
security around you know doing big
amounts and also you get that yeah like
I said scripted hook on private you'll
probably be doing kind of different
deals with the team as well so move it
on to the next thing so this is crypto.com
earn and you basically can get up
to eight PA on your crypto per annum up
to 12% on stable coins which is crazy as
well imagine the bank giving you 12
percent on your money that's not gonna
happen so it's pretty insane they're
doing that you can compare the stakes so
if you stake fifth this another there's
another utility for MC oh so if you have
50 M Co staked you get a certain a
certain PA be a 500 m0 states you get
high overturn so it basically it's
incentivizing people to stake who are
who care about the project long term and
then in return you get a basically a
higher yield on your assets which is
really cool as well
tokens you can earn in a whole plethora
different tokens and also what a
dimension as well the security side of
it because a lot of these products you
know there is there is risk third party
risk for holding your tokens within
these kind of apps but I just play a
real quick clip now of the CEO Chris
talking about the certificate they have
a whole like a whole different variety
of gold standard security certificates
and they do all of their custodial stuff
in-house and the other in hot water I
said that earlier but I play a clip for
you now so we view security is the
foundational layer on top of which we
build the business we've got over 200
people right now in the company and
around 10 percent of our entire team is
dedicated to security our C so professor
Jason Lau he's done an extraordinary job
at keeping us safe and and secure from
the beginning and we were the first
cryptocurrency company to to get ISO
27001 2013 highest level of
certification kind of a gold standard in
terms of security and information
management systems we are
cryptocurrency security standard level 3
certified where PCI DSS certified so in
order to get this done for a company to
still in early stages you need to have a
very strong culture of of security you
need to have a 360-degree strategy to
manage and
secure a platform it's just top of mind
boys so guys in my opinion you know
thanks to the crypto locked for that
footage really cool footage to the
interview them
right guys got the camera back on I
literally just realized like half the
whole video wasn't recording so we're
gonna do it again doesn't matter let's
toast dive into it so does he something
I forgot to mention so okay guys so my
light just died I feel you know
sometimes you do a video and it just
feels like everything's against you
didn't record it and then like dice okay
so I'm just gonna grab is gonna do it
guys I just don't care so I forgot to
mention something about the card so odd
seeing black all these different cards
in the future you'll actually be able to
link these cards up to a different
custodian water to another wallet out
there somewhere which EU and the Keynes
to you and the keys to basically in crypto
not your keys not your crypto right
and then and crypto.com on so many times
saying cryptos basically crypto.com
understand now so you gonna be able to
link the card up third parties different
wallets you can put it on the card spend
on different stuff you can buy crypto
with it good buy whatever you want but
they understand that not your Creed not
your keys not your crypto so really to
see that as well so guys I'm pretty sure
the next thing was credit and it says it
deposit crypto get an instant loan
really cool feature gonna dive into it
at the top not available for United
States customers just yet that's because
of compliance they're doing it right but
it probably will come to the United
States soon rather than later
so let's dive into it here is the card
and the app we can see so says get the
credit limit you want not what you're
given you can gain credit directly from
your crypto wallet you can pay whenever
you want but basically how this works it
works on a collateralized based loan so
basically put some collateral in so says
here $10,000 deposit you can receive
$5,000 and what this basically means it
means the risk is kind of split between
you so you can actually get your loan on
anything you've got right if you go to
the bank they're not gonna give you a
loan you've got loads of money in the
bank they just don't do it so you can
actually get because it's collateralized
you can actually get whatever you want
so yeah 10,000 you can receive 5,000 and
credit again another use case for the
MCO token here right so if you've got
less than 50 you get a certain amount of
PA and then obviously you got 500 or
more they give you bear more benefit so
the more you're willing to stake in the
system the more perks they're gonna give
you they're gonna say you're gonna pay
less on your loans as well really cool
to see that and it's definitely gonna be
used by it's just good to have this kind
of product available for retail so
moving on to the next thing you got
invest so again guys not available in
the US but build your crypto portfolio with
our automated quant trading personally I
haven't done this you know I'm a trading
myself so I don't really use an
quant trading in these kind of apps but
I have heard some pretty cool stuff
about it you've got your crimps are
investors performance as you can see it
shows you you know year today is 37% so
you basically invest in the quant bar
and they give you a return depending on
you know the year today since inception
so pretty good yearly obviously the six
months and the three months isn't too
great because maybe the crypto might
have been going down you can see the SNP
here as well you also got more
statistics here about growth balance all
this kind of stuff and then you've got
the crypto invest performance review
pretty cool I forgot to mention
something as well guys they also have a
lot of support for stating tokens now I
think about theorem it's gonna be proof
of stake soon EOS is now got loads of
different staking mechanisms has also
you name it what they're gonna allow you
to do is basically stake those tokens
within their platform and still get that
yield that dividend and in some cases
even more guys they're doing like 10% on
EOS people are like how even for
forwarding this but what they're
probably gonna do is they're gonna use
you know they're gonna basically get
these tokens loan them out to people for
trading in margin and retail investors
on the spot market and what's gonna
happen is they're gonna get a yield off
that and then they can give you even
more returns so they're gonna use those
tokens within their ecosystem basically
turn around the system and basically
bring more products to people which is
exactly what we want from a suite of
services like this let's go on to
actually that's going to pay and then
we'll go into the CRO token and explain
the new blockchain crypto comm I've got
coming out so guys this is pay it says
start accepting crypto payments today
this is this is kind of like the future
guys like if we want crypto to really
get big you need the crypto currency to
stay within the loop so you earn cryptocurrency
currency you spend cryptocurrency the
merchant accepts cryptocurrency and
then they spend that cryptocurrency so
the crypto never leaves the loop of it
then that's how you create a whole new
financial system actually so it's really
really cool so this is um you can
actually accept payments in crypto
pretty low fees and you see our eath be
BTC low fees or no fees which is pretty
sweet I don't think many banks would
facilitate saying we're gonna pay allow
you to have no fees on your card payments
that's cuz crazy and then obviously all
the app here looks really tidy nice to
see it from developers by developers get
paid in crypto exactly guys let's go but
you guys to come and check this out if
you do have a business you can get onto
it let's talk about the CRO token now so
guys here's their page about the CRO
took in the next generation public
blockchain so basically CRO token is the
fuel for the ecosystem of their new
public chain this chain is gonna be able
to facilitate different kind of business
models you can better build on top of it
let's dive into it there's a block on
things
enabling transactions worldwide between
merchants and cryptocurrency uses
seamlessly secure and cost-efficient so
guys you can check out the technical
white paper here you got all you got the
white paper and that nickel white paper
consultant paper you name it it says
here a performant payment network that
handles immediate confirmation and
scales with a large number of
transactions so you got here
confirmation time one second 50,000
transactions per second obviously they
can't do this right now this would be a
target for them to hit 50k like says
here target but you know at the end of a
Visa MasterCard they do about 50,000
transactions per second so we really do
need to scale up blockchain solutions to
actually allowed to be mass adopted so
here's the technical white paper for the
crypto.com actual blockchain I won't
dive into this extensively but it
basically runs on a Byzantine fault
tolerant decentralized blockchain
architecture it will be decentralized
I'm not sure how I decentralize it is
now because this is still in the works
so basically me just find it for you so
you got here introduction to the chain
so they say crypto calm chain is the
next generation of decentralized mobile
payment protocols there's gonna be a
payments network which other developers
can come along it's built let's have a
look at this so let me just find it for
you it says it down here somewhere says
the consensus algorithm is a key so
council nodes run a Byzantine fault
tolerant B EFT consensus protocol among
themselves to resolve the final order of
transaction sequences so this isn't
exactly clear about exactly what
consensus algorithm is gonna be but you
can see council nodes so I don't think
it's actually decentralized right now
maybe that's in the pipeline I'll have
to ask Chris to see if what he says but
at the end of the day it says a few more
things up here as well which is quite
interesting so it says um yeah so the
crypto.com chain is intended for
mobile payments our proposed
architecture needs to reflect the
inherently federated nature the network
consists of nodes arranged in different
layers each of which are designed to
secure the different layers of needed
the architecture is proposed in line
with the design so they've got their
whole like algorithm here pretty sure
it's gonna be centralized guys if you
guys know any more so your the TPS as
well up to 50000 but you know a lot of
people claim that they say argumented
decentralization self-managed settlement
phase validate and node set evolution
automated treasury rewards so pretty
sure you know maybe in the future we
decentralized but they're just basically
utilizing your payment network on
blockchain so they can finalize
transactions easier but overall guys
come and like dive into this white paper
really really cool a lot of you guys
will be interested to have a good
research echod out as well so move on to
the next thing secure and privacy
protected pretty cool key Network
participants who got the council nodes
the acquired nodes settlement agent okay
here we go says here the counselor knows
execute settlements and verify all
transactions so that's like the blot
produced or the the miners and you got
the acquirer node so this is a vetted
node that's settled on behalf of
merchants okay so that's cool got a
settlement agent node so this is a
vetted node as well that provides price
stability they know what the community
nodes this might be the decentralized
part so customers merchants who settled
for themselves okay
and obviously they not gonna go and hack
themselves so that's pretty cool as well
I saw up community knows settlement
agents really nice so what so let's talk
about it so what is actually the use
case for the CRO token like how is this
token actually know a core any value so
right now the token is basically the
fuel for the ecosystem so it says here
CRO token Sierra tokens enables cross
asset intermediary currency settlement
for native crypto, crypto.com
chain it's available on multiple global
exchanges so here's the token utility
guys so it enables cross asset
intermediary currency settlement
participants writing transactions on the
network will use CRO to settle block
transaction fees pretty cool
participating nodes will be rewarded in
CRO for processing and validating
transactions and customers paying with
CRO directly transact with the minimum
fee so you get less on fees you get
rewarded it for validating it's gonna
use a cross asset kind of mechanism for
intermediaries and you got petition you
in writing and also guys the CRO token
gets you like Lowe's you can buy gift
cards with it and you can spend them in
the rural world so there's another
utility there so if you were looking to
invest in it it's not personal financial
advice but at the end of the day if
you're looking to invest that's where
the demands gonna come from and these
tokens need demand guys it's more you
need more than just the white paper
saying it's gonna have value it needs
how about genuine actual demand and you
see it says a crypto.com CRO you can go
and get this listed all around on
different exchanges as well few more
things in order to mention so the
customer support is really good guys you
can actually just on the app you can
speak to someone 24/7 chat to them
I had a query about my car they got back
to me in 10 minutes I was talking to
them on the chat it's really good
customer service and that's exactly what
you want to see from these like growing
businesses if your customer facing
you're gonna keep people around so here
we go guys MCO Visa card tokens I kind
of I went through everything guys I'm
pretty sure I haven't missed anything if
I miss anything which you think is
really interesting about crypto.com
down a comment tell me what you think is
good about it as well and maybe I'll do
another video about it in the future but
overall guys that's pretty much it 100%
come and check it out guys like I said
before there will be a link below we
have $50 free just for signing up if you
stake 50 MCO and like I always say guys
like subscribe hit the bell you want to
keep getting this kind of content smash
the bell guys keep yourself notified I
do videos all the time and I will see
you guys the next video ever guys Cheers
bye
