{"id":3885,"date":"2023-02-03T09:58:00","date_gmt":"2023-02-03T09:58:00","guid":{"rendered":"https:\/\/www.reloadly.com\/blog\/?p=3885"},"modified":"2023-03-27T15:24:01","modified_gmt":"2023-03-27T15:24:01","slug":"cryptocurrencies-for-airtime","status":"publish","type":"post","link":"https:\/\/blog.reloadly.com\/blog\/cryptocurrencies-for-airtime\/","title":{"rendered":"Crypto.com helps user cash out their coins for Airtime and Digital gift cards with Reloadly\u2019s API for top ups"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_46 ez-toc-wrap-left counter-hierarchy ez-toc-counter ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"ez-toc-toggle-icon-1\"><label for=\"item-69e900565c027\" aria-label=\"Table of Content\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;direction:ltr;\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><input  type=\"checkbox\" id=\"item-69e900565c027\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-visibility-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/blog.reloadly.com\/blog\/cryptocurrencies-for-airtime\/#The_case_of_Cryptocom\" title=\"The case of Crypto.com\">The case of Crypto.com<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/blog.reloadly.com\/blog\/cryptocurrencies-for-airtime\/#What_is_Airtime_Why_Digital_Gift_Cards\" title=\"What is Airtime? Why Digital Gift Cards?\">What is Airtime? Why Digital Gift Cards?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/blog.reloadly.com\/blog\/cryptocurrencies-for-airtime\/#Is_exchanging_Cryptocurrencies_for_Airtime_and_Digital_Gift_Cards_a_Safe_Bet\" title=\"Is exchanging Cryptocurrencies for Airtime and Digital Gift Cards a Safe Bet?\">Is exchanging Cryptocurrencies for Airtime and Digital Gift Cards a Safe Bet?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/blog.reloadly.com\/blog\/cryptocurrencies-for-airtime\/#Integrating_with_Reloadlys_API_for_top_ups\" title=\"Integrating with Reloadly\u2019s API for top ups\">Integrating with Reloadly\u2019s API for top ups<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/blog.reloadly.com\/blog\/cryptocurrencies-for-airtime\/#Some_Final_Thoughts_About_Exchanging_Cryptocurrencies_for_Airtime_and_Digital_Gift_Cards\" title=\"Some Final Thoughts About Exchanging Cryptocurrencies for Airtime and Digital Gift Cards\">Some Final Thoughts About Exchanging Cryptocurrencies for Airtime and Digital Gift Cards<\/a><\/li><\/ul><\/nav><\/div>\n\n<p>As cryptocurrencies grow in the coming years, people will look for ways to cash their tokens for&nbsp;<strong>goods<\/strong>&nbsp;<strong>and services<\/strong>, such as airtime. There are already&nbsp;<a href=\"https:\/\/www.zippia.com\/advice\/how-many-businesses-accept-bitcoin\/\">around 15,174 vendors worldwide<\/a>&nbsp;that accept cryptocurrencies.&nbsp;<a href=\"https:\/\/101blockchains.com\/cryptocurrency-legal-countries-list\/\">There are also a few countries that have adopted them as part of their economy<\/a>. In Germany, The Netherlands, and El Salvador, cryptocurrencies are now legal tender. However, we\u2019re still away from the day when cryptocurrencies will be normalized, let alone become the world\u2019s top currencies.<\/p>\n\n\n\n<p>Cryptocurrencies can find real-world value through novel ways. In Africa and Latin America, cryptocurrencies are put to good use. In these economies, prepaid plans are king, and airtime is part of daily life. But airtime is just one way to transfer cryptocurrencies\u2019 value into a tangible service. With the right API for top ups to mediate the process,\u00a0<strong>airtime and digital gift cards can be other alternatives<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_case_of_Cryptocom\"><\/span><strong>The case of Crypto.com<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Crypto.com is a business based in Singapore. It serves as an all-inclusive crypto wallet with a variety of options, such as an App,&nbsp;<a href=\"https:\/\/crypto.com\/product-news\/crypto-com-becomes-associate-programme-member-in-singapore\/\">a Visa card<\/a>. An exchange service offers the opportunity to buy or spend over 250 cryptocurrencies.&nbsp;<strong>It generates its own token,&nbsp;<\/strong><a href=\"https:\/\/www.investopedia.com\/terms\/m\/monaco-mco-cryptocurrency.asp#:~:text=Cronos%20(CRO)%20is%20a%20utility,its%20blockchain%20and%20financial%20ecosystem.\"><strong>known as Cronos (CRO)<\/strong><\/a><strong>, which can be purchased at Crypto.com\u2019s exchange<\/strong>.<\/p>\n\n\n\n<p>Kris Marszalek, Rafael Melo, Gary Or, and Bobby Bao founded the company in June 2016, in Hong Kong. Originally called&nbsp;<em>Monaco<\/em>, in recent years it has proven to be a fast and far-growing operation.&nbsp;<strong>It went from a reported figure of 10 million users in February 2021 to 50 million as of May 2022.&nbsp;<\/strong>It has proven to be a robust service with a bright future ahead. All of it,&nbsp;<a href=\"https:\/\/cointelegraph.com\/news\/crypto-winter-won-t-end-in-2023-bitcoin-advocate-david-marcus\">despite the current Crypto Winter<\/a>.<\/p>\n\n\n\n<p>Although Crypto.com\u2019s business is digital money, the company has established other products to its name. They teamed up with Reloadly\u2019s APIs for top ups so users can cash out their coins for airtime. They also use Reloadly\u2019s API for digital gift cards, giving crypto users another option to cash their coins out. Either for themselves or their families and friends. This greatly improved Crypto.com\u2019s palette of services.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_Airtime_Why_Digital_Gift_Cards\"><\/span><strong>What is Airtime? Why Digital Gift Cards?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>But, what is airtime? That\u2019s the number of minutes a user has available to use a mobile phone under an operator<strong>. Airtime is a very common good in developing countries in Asia, Africa and Latin America, where many migrant workers and expats come from<\/strong>. <a href=\"https:\/\/www.reloadly.com\/blog\/send-airtime-diaspora\/\">Airtime is usually transferred back to their homelands, so that they can keep in touch with their families and friends<\/a>. But also, because it is a commodity back home. Many people in these countries depend on airtime to conduct their daily lives, run businesses, and stay in touch. Being able to offer airtime for cryptocurrencies, as well as digital gift cards, is a smart practice.<\/p>\n\n\n\n<p>On the other hand, digital gift cards are another smart choice. <strong>The digital gift card market is huge, as it is expected that by 2025 <a href=\"https:\/\/bit.ly\/42GHMYT\">it will be worth US$ 393B<\/a><\/strong>. &nbsp;With the right API for the job, like Reloadly\u2019s, user will have access to a wide variety of them. These digital gift cards range from Amazon to Netflix. They offer goods and services user can cash their coins for. By doing so, they add real world value to their crypto investments.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Is_exchanging_Cryptocurrencies_for_Airtime_and_Digital_Gift_Cards_a_Safe_Bet\"><\/span><strong>Is exchanging Cryptocurrencies for Airtime and Digital Gift Cards a Safe Bet?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>Using airtime and digital gift cards to cash out cryptocurrencies is not a strange thing to do.<\/strong>&nbsp;<strong>In fact, it makes perfect sense<\/strong>. Cryptocurrencies\u2019 status is still very fragile in the world economy. Sometimes, users can\u2019t invest their assets in products or services. Although cryptocurrencies are becoming more popular by the day, they still aren\u2019t as reliable as fiat money. Unless users cash out their coins for paper money, their crypto coins are useless outside of a restrictive digital environment.<\/p>\n\n\n\n<p>Users need to cash out their coins using an exchange, but doing so is not as straightforward. A crypto exchange may take days to process a request. There might even be a cap on the amount of money users can withdraw, depending on which exchange. And, of course, high fees per operation go without mention. Transferring a cryptocurrency\u2019s value to airtime or digital gift cards is then one of the safest options for many users. This is a perfectly sound service for companies like Crypto.com.<\/p>\n\n\n\n<p>Crypto.com cuts the days-long transaction of crypto-to-fiat by offering the option to convert cryptocurrencies into airtime or digital gift cards. This gives users real value for their coins. Either through telecom services or products that can be obtained through digital gift cards, like Amazon\u2019s. This is convenient not only for the users but also for the crypto exchanges themselves. For example, with Digital gift cards, exchanges can leverage discounts to help reduce user transaction fees.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Integrating_with_Reloadlys_API_for_top_ups\"><\/span><strong>Integrating with Reloadly\u2019s API<\/strong> for top ups<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A platform, different to Crypto.com\u2019s, can offer such a service. &nbsp;APIs are integral to securely transfer data from one end to another, and both security and simplicity are key to doing so. Crypto.com looked to partner with Reloadly because of these reasons. Reloadly offered them an API that integrates easily. <strong>Its robust airtime service is spread through 170+ countries, and it offers up to 300 brands of digital gift cards<\/strong>.<\/p>\n\n\n\n<p>Crypto.com offers airtime and digital gift cards to economies like Latin America and Africa. In countries where it is difficult to access digital banking, this kind of initiatives are welcomed. This is a good practice, a scheme where everybody wins, and one that can be applied everywhere. It is not restricted to a few economies. Offering airtime for cryptocurrencies, as well as digital gift cards, is a smart and safe thing to do.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Some_Final_Thoughts_About_Exchanging_Cryptocurrencies_for_Airtime_and_Digital_Gift_Cards\"><\/span><strong>Some Final Thoughts<\/strong> About Exchanging Cryptocurrencies for Airtime and Digital Gift Cards<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Paper money is on its way out, but it\u2019s still a long way for it to do so. Cryptocurrency exchanges and young entrepreneurs are trying to legitimize digital money to governments and make it palatable to the average person. &nbsp;Adopting cryptocurrencies as standard global money will require familiarizing people with its ease of use. People still need to learn about the convenience of carrying funds in an electronic wallet instead of a physical one.<\/p>\n\n\n\n<p>Airtime and digital gift cards are a good way to get the ball rolling, as they are easy to cash out for tangible services and products. But, of course, the right tech is required to facilitate these transfers. Reloadly has made a name for itself because of the flexibility of its APIs for <a href=\"https:\/\/www.reloadly.com\/products\/airtime\">top ups<\/a> and <a href=\"https:\/\/www.reloadly.com\/products\/gift-card-api\">digital gift cards<\/a>. Because of the ease it can be incorporated into web and mobile-based apps, and its dedicated support team, available 24\/7.<\/p>\n\n\n\n<p><strong>The future is digital, and cryptocurrencies are much easier to use than most people think<\/strong>. It is a matter of using strategies that will convince the right players that this is the way to go. Reloadly certainly is happy to play its part on this. Please,&nbsp;<a href=\"https:\/\/www.reloadly.com\/contact\">get in touch with our<\/a>&nbsp;team if you also feel the same.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the interest in cryptocurrencies grows in the coming years and as the technology becomes more refined and mainstream, we will witness more people looking for ways to use their tokens and cash them out for all kinds of goods and services.<\/p>\n","protected":false},"author":28,"featured_media":3894,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[210,206,268,335],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Reloadly helps crypto user cash their coins for Airtime and Digital gift cards<\/title>\n<meta name=\"description\" content=\"Crypto.com and Reloadly let users exchange their cryptocurrencies for airtime and digital gift cards. 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