As a seasoned researcher with over two decades of experience in the fintech and cryptocurrency space, I find CoinZoom’s latest announcement of its Crypto Debit Card to be nothing short of revolutionary. Having witnessed the slow but steady growth of digital assets and their potential to disrupt traditional finance, it is heartening to see a company like CoinZoom taking bold steps towards mainstream adoption.
Salt Lake City, Utah, November 8th, 2024, Chainwire
In simple terms, CoinZoom, a prominent fintech and payments company on a global scale, unveiled its Crypto Debit Card. This move allows over 617 million crypto users globally to quickly spend their digital assets at more than 130 million merchants in 150 countries. With Bitcoin hitting new records, CoinZoom’s groundbreaking strategy is fueling the widespread acceptance of cryptocurrency, signifying a considerable advancement for the global crypto market.
According to Todd Crosland, CEO and Co-Founder of CoinZoom, approximately 56% of consumers worldwide favor debit cards for transactions, and our U.S. debit card program has experienced an increase of more than 20% annually. With such growth, it’s only logical that we should take the next step and expand our services internationally.
The free CoinZoom Crypto Debit Card, which can be used as a virtual card and will soon offer a physical version, links directly to your CoinZoom account where you can keep both regular currencies and cryptocurrencies. Operating similarly to a standard debit card, it enables users to earn up to 5% in crypto on eligible purchases through its “crypto-back” incentive program. This card is now accessible to users in over 150 countries worldwide.
Ben Crosland, Head of Business Development and Co-Founder of CoinZoom, stated that a major hurdle in the acceptance of crypto has been the question, “Where can I use it on a daily basis?” However, with our card, users can make transactions in their local currency or opt for cryptocurrencies such as Bitcoin, Dogecoin, or Ethereum. This means that cryptocurrency is now accessible for regular purchases, ranging from buying groceries to dining out.
Until recently, merchants would decide independently whether to accept digital currencies such as Bitcoin. Notable brands like Starbucks, Gucci, Tesla, and Xbox were among the pioneers. However, up until now, there hasn’t been a straightforward method to spend popular cryptocurrencies universally. The launch of CoinZoom could mark a significant shift in the crypto sector, which has experienced growing backing within the U.S.
Paxton Powers, CTO of CoinZoom, stated that as smartphones and debit cards are the foundation of contemporary spending, this decision is obvious. Our card provides a simple method to earn cryptocurrency rewards on regular purchases. Picture yourself earning $300 in cryptocurrency annually just by paying bills and purchasing necessities with our card.
Beyond just the CoinZoom debit card, users also gain advantages with the complimentary service ZoomMe. This service enables instant access to funds for spending purposes. As Crosland stated, pairing ZoomMe with the CoinZoom debit card is a significant improvement for those transferring money internationally. With this setup, you can swiftly send money to relatives in Mexico, allowing them to immediately utilize the funds for purchases or ATM withdrawals, eliminating the inconvenience of cash pickups and paperwork.
About CoinZoom
CoinZoom is an international financial platform based in the U.S., allowing users globally to easily send, spend, save, and invest their funds. Registered as a Money Services Business and Money Transmitter within the U.S., it operates in 45 states and meets high-security standards through its SOC2 Type II Certification. It offers various funding methods such as Apple Pay, Google Pay, debit and credit cards, wire transfers, ACH, and instant cash deposits at numerous U.S. retail locations, bridging traditional and digital finance.
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Director of Marketing
Adrianne Blackett
CoinZoom
cz.marketing@coinzoom.com
1 385-355-6540
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2024-11-08 17:56