U.S. regulated crypto exchange CoinZoom has officially gone live, allowing customers to buy and sell a number of cryptocurrencies on the platform. The firm also launched its CoinZoom Visa card which can be used to instantly convert users’ crypto balances to fiat and spend at over 53 million Visa merchants worldwide.
Linked directly to customer accounts, the Visa card allows them to pre-select the wallet they wish to debit when they use it. They can select either their fiat wallet or bitcoin, ripple, ethereum, litecoin, or dozens of other coins they may have in their crypto wallet. The visa card allows payments through Chip, Contactless and PIN, as well as cash withdrawals from ATMs. The platform’s authorization engine instantly converts cryptocurrencies to USD, which is used to complete the purchase. Customers can also earn up to 5% card rewards back on every purchase.
Todd Crosland, founder, and CEO of CoinZoom said: “We are extremely pleased to work with Visa as we launch CoinZoom. Visa’s dominance as a global leader in digital payments, is a tremendous asset as CoinZoom begins to reshape the global cryptocurrency marketplace. Our goal is to provide cryptocurrency traders with the best platform for buying, selling, and spending digital assets. CoinZoom is not only the first U.S. cryptocurrency exchange to provide a Visa card to its customers but also offers or industry-first features like ZoomMe, CoinZoom’s FREE Peer-to-Peer crypto and fiat payment system. Customers can send both crypto and fiat instantly to friends and family all over the world for free. CoinZoom also provides customers with a premier fiatgateway for funding their accounts. There are several funding options including both Visa and Mastercard debit card options.”
The Salt Lake City-based firm has also launched CoinZoom Pro, its proprietary advanced IOS trading App, which features a virtual visa card and “ZoomMe”, a free – instant international Peer to Peer fiat or crypto international money transfer service.
The digital asset exchange is a U.S. registered Money Services Business with FinCen in all 50 states and territories as well as the U.S. registered Money Transmitter, available for trading in over 45 states. CoinZoom also has subsidiaries in Australia and Ireland.
