New Coinbase Rival Launches Crypto Exchange, Visa Card
US-based cryptocurrency exchange CoinZoom has officially launched its crypto exchange platform and Visa card.
CoinZoom Allows Users to Spend Crypto with Visa Cards
CoinZoom has just officially deployed its crypto exchange platform and Visa card that allows users to buy, sell and spend Bitcoin and other digital coins. The Utah-based company is registered with the Financial Crimes Enforcement Network (FinCEN) as a Money Services Business.
The CoinZoom Visa Card lets clients convert their crypto holdings to fiat within seconds and spend it at over 50 million Visa merchants worldwide. The card directly connects to the platform’s customer account. Clients can pre-select the digital wallet they want to debit when they use the card. They can choose between their fiat and crypto wallet. The latter can hold dozens of digital currencies, including Bitcoin, Ethereum, XRP, and Litecoin.
The CoinZoom Visa Card implements established as well as new credit card technologies, including PIN, chip, contactless payments, and withdrawals from ATMs. Whenever a card holder makes a payment, CoinZoom’s authorization engine converts cryptocurrencies to USD in real-time.
CoinZoom founder CEO Todd Crosland commented:
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.
Besides convenience, customers may obtain up to 5% card rewards back on every purchase.
ZoomMe Feature Allows P2P Transactions Worldwide
Besides the Visa card, CoinZoom’s exchange platform offers unique features, including a free peer-to-peer (P2P) crypto and fiat payment system called ZoomMe. This feature allows users to send crypto and fiat to friends all over the world without any commission.
The desktop trading platform has an alternative for clients who use iOS devices. CoinZoomPro is an advanced iOS trading app that enables customers to buy, sell, send, and spend digital currencies.
It seems that crypto-related credit and debit cards are becoming the norm. Yesterday, we reported that Coinbase made its Visa-based debit card compatible with Google Pay.
Do you think CoinZoom has the potential to overtake Coinbase? Share your expectations in the comments section!
Image via Shutterstock