On March 18, 2020, CoinZoom, a Utah-based cryptocurrency exchange, announced the official launch of its exchange and CoinZoom Visa card. With the launch, customers will be able to buy, sell, and spend a wide variety of cryptocurrencies on the exchange.
The CoinZoom Visa Card will enable users to promptly convert their cryptocurrency balances to fiat and make purchases at more than 53 million Visa dealers across the globe. The Card is linked directly to customer accounts, where customers can pre-select the wallet they wish to debit when they use the CoinZoom Visa.
Next, users can then select either their fiat wallet or BTC, XRP, ETH, or dozens of other digital assets that they may have in their crypto wallet.
The Visa Card utilizes the latest tech in credit cards, including making payments through Chip, Contactless, and PIN, as well as cash withdrawals from ATMs.
What’s more, users can earn up to 5% card rewards back on every purchase when they use the new CoinZoom Visa Card.
Good News For The Crypto Space
According to Todd Crosland, CEO of CoinZoom, users can now easily send both crypto and fiat instantly to friends and family all over the world for free. CoinZoom will also provide users with a premier fiat gateway for funding their accounts.
There are several funding options, including both Visa and MasterCard debit card options. The exchange’ Visa Card is essentially a debit card that can be used to instantly convert crypto into fiat that can then be spent at any location that accepts chip, contactless, or PIN payments from Visa.
With the launch of the visa card, it is expected that access to crypto will massively improve across the U.S, helping to foster widespread adoption.
Prior to making purchases with the Card, users must reportedly select the balance of either fiat or cryptocurrency that they wish to be debited.
CoinZoom Launches advanced IOS trading App
In addition to its professional desktop trading platform, the exchange has launched CoinZoom Pro, its proprietary advanced IOS trading App.
CoinZoom Pro is available today for download in the Apple App Store. The new App allows customers to buy effortlessly, sell, send, and spend cryptocurrencies, and features a virtual CoinZoom Visa Card that will assist customers in tracking and managing their transactions on the CoinZoom Visa.