Quantstamp Secures Crypto.com Chain to Drive Faster and Easier Cryptocurrency Payments

November 20, 2018
Quantstamp Announcements

Quantstamp, a Y-combinator backed smart contract security company, is proud to announce we’ve completed an audit of the Crypto.com Chain. Crypto.com, the team behind the MCO Visa Card, a prepaid Visa card that allows users to spend cryptocurrencies easily and receive rewards such as cashback, airport lounge access, and other benefits as they use the card. Crypto.com has recently announced the Crypto.com Chain, a public blockchain focused on facilitating mobile crypto payments. It allows for fast settlement and provides rewards for merchants and consumers who use it to transact.

Along with the Crypto.com wallet app, a digital and fiat currency mobile wallet, the Crypto.com Chain aims to make cryptocurrencies easier for merchants to accept and for customers to spend. Customers receive purchase incentives while merchants enjoy instant settlement and no transaction fees.

“Crypto.com is a major player in the crypto payments space,” notes Richard Ma, CEO of Quantstamp. “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.”

This full service audit was performed over five days by four experienced security engineers from Quantstamp’s auditing team. Using state of the art automated tools to supplement manual processes, we performed an architectural review, unit and functional testing, computer-aided verification, as well as a manual code review. In case vulnerabilities were found, they were communicated to and addressed with the project team. In the end, Quantstamp’s audit resulted in robust token smart contracts with no serious vulnerabilities.

“With the Crypto.com Chain, we are aiming to drive the next step of cryptocurrency payments and drive adoption, not only by simplifying the payments themselves but also by rewarding both the merchants and consumers to use cryptocurrency for mobile and online payments,” said Kris Marszalek, CEO of Crypto.com. “The thorough audit of our token contracts by Quantstamp’s team of experienced security engineers gave us the confidence to roll out this project which we hope will accelerate the mainstream adoption of cryptocurrency payments.”

Auditing the Crypto.com Chain continues Quantstamp’s track record of helping secure projects aiming to improve mainstream adoption of cryptocurrencies and blockchain technology. For more information about Quantstamp’s smart contract security services and products, visit Quantstamp.com

Quantstamp Announcements
November 20, 2018

Quantstamp, a Y-combinator backed smart contract security company, is proud to announce we’ve completed an audit of the Crypto.com Chain. Crypto.com, the team behind the MCO Visa Card, a prepaid Visa card that allows users to spend cryptocurrencies easily and receive rewards such as cashback, airport lounge access, and other benefits as they use the card. Crypto.com has recently announced the Crypto.com Chain, a public blockchain focused on facilitating mobile crypto payments. It allows for fast settlement and provides rewards for merchants and consumers who use it to transact.

Along with the Crypto.com wallet app, a digital and fiat currency mobile wallet, the Crypto.com Chain aims to make cryptocurrencies easier for merchants to accept and for customers to spend. Customers receive purchase incentives while merchants enjoy instant settlement and no transaction fees.

“Crypto.com is a major player in the crypto payments space,” notes Richard Ma, CEO of Quantstamp. “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.”

This full service audit was performed over five days by four experienced security engineers from Quantstamp’s auditing team. Using state of the art automated tools to supplement manual processes, we performed an architectural review, unit and functional testing, computer-aided verification, as well as a manual code review. In case vulnerabilities were found, they were communicated to and addressed with the project team. In the end, Quantstamp’s audit resulted in robust token smart contracts with no serious vulnerabilities.

“With the Crypto.com Chain, we are aiming to drive the next step of cryptocurrency payments and drive adoption, not only by simplifying the payments themselves but also by rewarding both the merchants and consumers to use cryptocurrency for mobile and online payments,” said Kris Marszalek, CEO of Crypto.com. “The thorough audit of our token contracts by Quantstamp’s team of experienced security engineers gave us the confidence to roll out this project which we hope will accelerate the mainstream adoption of cryptocurrency payments.”

Auditing the Crypto.com Chain continues Quantstamp’s track record of helping secure projects aiming to improve mainstream adoption of cryptocurrencies and blockchain technology. For more information about Quantstamp’s smart contract security services and products, visit Quantstamp.com

Quantstamp Announcements

When AI Meets Blockchain: A Guide to Securing the Next Frontier

In recent months, AI agents have attracted significant attention by the promise of assisting users and automating complex processes across diverse applications. The rapid performance improvements of Large Language Models (LLMs) in natural language processing (NLP) tasks drive this trend. However, as the capabilities and reach of these agents expand, so do the risks. The rapid pace of development, combined with the intricacies of integrating LLMs into real-world infrastructures—especially in dynamic fields like blockchain—has created an urgent need to scrutinize them for security, compliance, and operational integrity.

Read more
Quantstamp Announcements

Monthly Hacks Roundup: April 2024

April was a hectic month for the web3 security landscape, including significant rug pulls and security hacks totaling over $103 million in losses. Read on as we dive into three major security incidents and some of the trends from last month.

Read more
Quantstamp Announcements

Monthly Hacks Roundup: March 2024

March was a volatile month for the web3 security landscape, with significant security breaches totalling over $152 million in losses. Read on as we dive into four major security incidents and the trends from last month 👇

Read more