CoinZoom accepts Now Apple, Google Pay for Crypto Purchases
CoinZoom, a fintech company, and cryptocurrency exchange based in the U.S. has added Apple Pay and Google Pay as funding options on its iOS and Android apps.
According to a report, this means customers can now easily fund their accounts, access various financial services, and purchase cryptocurrency with just a tap of a button.
CoinZoom has customers in 200 countries and offers solutions for every kind of money from cash to crypto.
Its premier product is the CoinZoom Visa card, which allows customers to instantly convert crypto to fiat and spend it at over 53 million merchants worldwide.
CoinZoom CEO Todd Crosland emphasized that the lack of easy and convenient ways to load funds onto an account or wallet has been a barrier to crypto adoption.
However, with various funding options available, including debit and credit cards, ACH deposits, wire transfers, cash deposits, Apple Pay, and Google Pay, CoinZoom hopes to remove this barrier.
Digital wallets supported by debit cards have become the fastest-growing preference for payment among smartphone users, particularly among younger consumers.
The post-pandemic era has accelerated the adoption of mobile payments and “Buy Now, Pay Later” options.
Cryptocurrency is seen as a path to a more inclusive financial system by many, especially those who feel that the traditional fiat system is biased toward those who already have many advantages.
CoinZoom also provides instant, low-cost, and direct remittances using blockchain technology, which is particularly advantageous given that remittance services globally charge an average of 6% fees, amounting to over $40 billion in revenue.
CoinZoom has experienced a growth of 746% over the second half of 2022, as more people discover the service.
Its premier product is the CoinZoom Visa card, which allows customers to instantly convert crypto to fiat and spend it at over 53 million merchants worldwide.
CoinZoom is a U.S. registered Money Services Business with FinCen, a U.S. registered Money Transmitter, available for trading in 48 states, and has subsidiaries in Australia and Ireland.
Here is how you can sell and buy cryptocurrency using the CoinZoom Mobile App.
FAQs
Is CoinZoom legitimate?
Yes, it is legitimate and therefore, it is accepting now Google Pay and Apple Pay.
How does CoinZoom work?
On the CoinZoom app, you can choose to use either Bitcoin or any other cryptocurrency from your spend wallet. When you swipe your card, it will automatically convert your chosen cryptocurrency to USD right at the point of sale. Moreover, depending on the card you select, you can earn 1-5% back in cryptocurrency for every purchase you make. This means that by spending crypto, you can also earn more crypto. It’s a straightforward process.
Can I use CoinZoom in the US?
It is a US-registered money service business and therefore, you can use CoinZoom in the United States.
Where is CoinZoom’s headquarters?
CoinZoom was founded by Todd Crosland in 2018 and its headquarters is in Salt Lake City, Utah.
Who are CoinZoom’s competitors?
CoinZoom faces competition from several companies, including Injective, BlockFi, and bitFlyer. Injective differentiates itself by providing interoperable smart contracts and blockchain networks, specifically designed for financial applications.
Can You Make Money on CoinZoom?
With a CoinZoom debit card, you can earn up to 5% cash back on every purchase you make. It allows you to use cryptocurrency to make purchases, just like you would with cash. Simply select Bitcoin or any other cryptocurrency from your spend wallet on the CoinZoom app, swipe your card, and CoinZoom exchange will convert your cryptocurrency to USD instantly at the point of sale.
