July 2, 2024

CRYMBO Product Updates: July 2024

We are excited to announce the latest update to the CRYMBO platform, Version 2.14! This release brings a host of new features and improvements designed to enhance the experience for our customers and expand the platform’s capabilities. Below is a comprehensive look at what’s new:

Multi-chain

Infrastructure Upgrade: The system now supports Multi-chain, providing a robust data structure for managing multiple networks. This upgrade simplifies the addition and management of new networks, making it easier to scale and integrate diverse networks into the CRYMBO ecosystem.

Node Monitor Update: The Node Monitor has been enhanced to support Multi-chain. This improvement ensures seamless integration and support for new networks, enhancing the overall efficiency and reliability of the system.

Supported Chains: Currently, we support Bitcoin, Litecoin, Ethereum, and Tron. However, customers can request support for additional chains.

WalletConnect

Full Support for WalletConnect v2.0: We have fully integrated WalletConnect v2.0, offering comprehensive support and ensuring a smooth and secure connection to decentralized applications.

New UI/UX: The Crymbo WalletConnect widget now features an improved user interface and user experience. This update aims to provide a more intuitive and enjoyable interaction with the widget.

New Access Route: We’ve updated the route for accessing the WalletConnect widget, streamlining the process for a more efficient user experience.

Unified Fund Reception: Users now have the option to receive all funds into a single wallet, simplifying fund management and tracking.

Buy Crypto with Wire Transfer

Fiat Wire Transfers: Users can now purchase crypto using fiat wire transfers. This addition provides a convenient method for converting fiat currency to crypto.

User Process: Users can transfer fiat currency, which will be automatically reflected in their system balance upon admin approval, ensuring a straightforward and transparent process.

Admin Functions: Admins have the capability to approve transactions, purchase crypto, and send it directly to the user’s wallet, facilitating a smooth transaction flow.

Transaction Matching: The system can attach both fiat and crypto transactions to the same External ID, ensuring clear and accurate matching of transactions.

Adjustable Amounts: Admins can modify and approve the received amount if fees are deducted, offering flexibility and accuracy in transaction management.

Merchant Notifications: Merchants will be notified when funds are approved and when the crypto arrives in the user’s wallet, keeping all parties informed throughout the transaction process.

Buy Crypto via NFTs

Smart Contract Integration: This feature facilitates fiat-to-crypto transactions via NFT self-selling, leveraging smart contracts for automation and security.

Credit Card Transactions: Users can now buy crypto using credit cards by purchasing NFTs. This method provides an additional, convenient payment option.

Automated NFT Self-Sale: The system automatically sells the NFT and transfers crypto to the user as payment, ensuring a seamless and automated transaction process.

For more information on these updates and to explore how they can benefit your company, please feel free to contact us.

Stay tuned for more exciting updates!

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