Hamburger IconClose Icon

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

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

About Quantstamp

Quantstamp is a smart contract security company that is developing the Quantstamp protocol and other automated security tools powered by QSP, and conducts manual audits. The Quantstamp protocol aims to enhance smart contract security and the reputation of projects that create smart contracts by producing openly accessible scan reports. Get an audit or run a security scan today at Quantstamp.com

About Crypto.com

Crypto.com was founded in 2016 to accelerate the world’s transition to cryptocurrency. Key products include: Crypto.com Wallet & Card app, the best place to buy, sell, and pay with crypto; the MCO Visa card, a metal card with no annual fees; and the Crypto.com Chain, which enables users to pay and be paid in any crypto, anywhere, for free. Crypto.com is headquartered in Hong Kong with a 120+ strong team. For more information, please visit: www.crypto.com.

March 22, 2019

Smart Contract Security Alliance Adds Fujitsu R&D Center to Its Membership

The Smart Contract Security Alliance, a collaboration of industry leaders that recommend security standards and guidelines for the blockchain industry, adds Fujitsu R&D Center Co., Ltd. to its membership. Fujitsu R&D Center, a China-based Fujitsu group company, is the first research and development institution with independent legal status in China. Established in 1935, Fujitsu Limited is Japan’s top IT services provider, and is also a leader in the development of Hyperledger.

March 22, 2019

Quantstamp Auditing Blockchain-based Social Crowdfunding Platform Financie

We’re pleased to announce that we are performing a security audit of Financie, a blockchain-based social crowdfunding platform developed by Financie, Inc. Financie is a Distributed Application which allows for new forms of interaction between people wishing to raise funds, such as eSports players, video streamers, artists, or individuals with a dream they want to realize, and their fans or supporters.

February 27, 2019

Quantstamp Expands to Japan with Investment from Nomura Holdings and Digital Garage

Quantstamp, a Y Combinator-backed smart contract security company, is proud to announce it is establishing a limited liability company, Quantstamp Japan GK, to assist Japanese startups and enterprises in using secure blockchain technology.

January 11, 2019

Quantstamp Community Update February 28, 2019

Protocol progress, auditing Crypto.com, ETHDenver — it’s been an exciting month at Quantstamp. Here’s what’s been going on: