Crypto.com uses Circle API to launch USD bank transfers in over 60 countries

Digital asset exchange and service provider, Crypto.com, has launched withdrawals via U.S. dollar bank transfers for institutional clients across more than 60 countries. According to an August 18 announcement, the expanded fiat functionality for institutional account holders has been enabled by its partnership with Circle. Institutional customers are now able to withdraw dollars from their Crypto.com USD Coin (USDC) wallet via bank at a 1:1 basis using a unique code provided by Circle. Bank transfers are expected to be processed within three business days. Kris Marszalek, CEO and co-founder of Crypto.com, stated: