Crypto.com: Bringing DeFi to the real world

Crypto.com is a centralized exchange (CEX) that offers crypto-backed debit cards to allow you to spend your crypto without ever cashing out. What’s more, as you’ll learn in this episode, you will soon be allowed to borrow money by collateralizing your crypto asset in order to spend from your debit card—all without incurring any capital gains tax—a killer application to bridge DeFi to the real world. Chjango interviews Eric Anziani, COO of crypto.com, and Leslie Cheung, Head of Developer Relations, to unwind everything they’ve been building since 2018. Crypto.com was one of the earliest adopters of Cosmos SDK. They were the alpha testers of the framework and even debugged a critical DoS vector in Tendermint. Fast forward to March 2021, they launched their EVM-chain, the crypto.org chain. This episode covers the rise of DEX coins like CRO, UNI, SUSHI and BNB, and the subsequent price action that followed because of Coinbase’s IPO. Moreover, the guests predict what can happen to the crypto market after crypto derivatives eat the market.