Y-Combinator’s Quantstamp Smart Contract Completes Crypto.com Blockchain Payment Audit
The Quantstamp, which is a Y-combinator back and smart contract security firm has just announced that it has been able to complete an audit of the Crypto.com chain platform. The team that backs the Crypto.com was able to create the MCO Visa Card, the Visa has been designed as a prepaid Visa card that will allow users to easily spend cryptocurrencies and also be able to receive some rewards in airport lounge access, cashbacks together with other benefits that arise as they continue to use the card.
What to know about the Crypto.com?
The platform went ahead to announce just a few days ago of their Crypto.com Chain; it is a public blockchain that has been established to focus on mainly facilitating for adequate mobile payments for their different users. As a result, it is able to facilitate fast payments to be made and is able to provide the users with rewards for consumers and merchants who use it for transactions.
Five days ago a full-service audit was performed by about four security engineers who are well experienced from the auditing team in Quantstamp. With the use of state of the art automated tools that have been used to supplement the manual process, from here the company was able to perform an architectural review, functional and unit testing, a manual code review, and a computer aided verification.
In the event that vulnerably was found, they were adequately communicated and later addressed with the set project team. At the end of it all the Quantstamp’s audit resulted in a robust token smart contract that did not have any severe vulnerabilities.
”Crypto.com is a major player in the crypto payments space. The Crypto.com Wallet and MCO Visa Card make it easier to pay with cryptocurrency. We were happy to audit the Crypto.com Chain smart contracts and help them in their mission of faster, easier online payments with lower fees.’’ States Richard Ma, CEO of Quantstamp
The establishment of the Crypto.com chain is to ensure the crypto coin’s use has been made much easier for the merchants to accept it and in turn, for the customers to spend it. For the customers, they will receive some purchase incentives, and the merchants will be able to obtain instant settlements being made, all this happening with no transaction fee.