SALT LAKE CITY, Aug. 8, 2019 /PRNewswire-PRWeb/ -- CoinZoom, a new U.S. regulated cryptocurrency exchange, announced today the launch of the CoinZoom Visa Card. The CoinZoom Visa Card allows customers to instantly convert their crypto balances to fiat and spend at over 53 million Visa merchants worldwide.
The CoinZoom Visa Card is linked directly to customer accounts, where customers can pre-select the wallet they wish to debit when they use the debit card. Customers can select either their fiat wallet or bitcoin, ripple, ethereum, litecoin, or dozens of other coins they may have in their crypto wallet. Currencies involving the crypto wallet will first be converted to fiat before a transaction can be made using the CoinZoom Visa Card.
The CoinZoom Visa Card utilizes the latest technology in credit cards, including making payments through Chip, Contactless and PIN, as well as cash withdrawals from ATMs. When customers use their CoinZoom Visa Card, CoinZoom's authorization engine instantly converts cryptocurrencies to USD, which is used to complete the 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. The CoinZoom Visa Card will be launching at the beginning of the 4th quarter."
Crosland continued, "CoinZoom's unique business model and diverse product offering, which allows customers to buy, sell, and spend converted cryptocurrency balances globally, has distinguished itself as a potential industry leader."
In addition to its professional desktop trading platform, CoinZoom is launching its proprietary advanced IOS and Android trading App's that also features a virtual CoinZoom Visa Card and will assist customers to track and manage their transactions on the card. Customers have the option to use their virtual or physical CoinZoom Visa Card. CoinZoom also features "ZoomMe", a free - instant international Peer to Peer fiat or crypto international money transfer service.
To celebrate the upcoming launch of the CoinZoom Exchange and the CoinZoom Visa Card, the top 200 people who register for Early Access and refer the most friends to CoinZoom, will win either a CoinZoom Black, Platinum, Gold, or Preferred Visa card.
About CoinZoom, Inc.
CoinZoom is the next generation digital asset exchange that uses the team's vast experience in providing superb trade quality, customer-focused tools and technology that help customers become successful traders. CoinZoom offers services in buying, selling, and spending bitcoin, ripple, ethereum, and other top digital currency pairs. The team's decades of experience in financial technology security is equally important in safeguarding customer funds and customers digital currency positions. CoinZoom is a U.S. registered Money Services Business with FinCen in all 50 states and territories. CoinZoom is also a U.S. registered Money Transmitter, available for trading in over 45 states. CoinZoom also has subsidiaries in Australia and Ireland. CoinZoom Australia PTY LTD is registered as a Digital Currency Exchange with AUSTRAC and CoinZoom Europe Limited, is registered in Ireland.
The founding members, including CEO Todd Crosland, founded Interbank FX 2001. Interbank FX was a global foreign exchange brokerage firm that was registered in the U.S. as a Futures Commission Merchant and Retail Foreign Exchange Broker and also registered in Australia with A.S.I.C., as a Derivatives Dealer. Interbank FX had offices in Beijing, Seoul, Hong Kong, Sydney, London and the U.S., and transacted with over 250,000 customers in 140 countries, with transaction volume reaching $80 billion a month. Interbank FX was sold to a major Japanese financial company in 2011. CoinZooms depth of experience and knowledge in global financial services, compliance, governance and security systems, provide a solid foundation for global success.
SOURCE CoinZoom, Inc.