CoinZoom, an institutional-grade digital currency trading platform, has launched its own Visa debit card in the US that provides owners with the ability to pay using digital assets. CoinZoom accomplishes this by offering a Visa payment card that converts cryptocurrencies in the US dollar.
As previously mentioned, CoinZoom is a US-based institutional-grade digital currency platform. As a result, they registered with the Financial Crimes Enforcement Network (FinCEN) and follows the local regulations in regards to customer protection and know-your-customer (KYC) requirements.
Furthermore, the exchange is also a licensed money transmitter in the US and a digital currency exchange in Australia.
What cryptocurrencies are supported?
Currently, CoinZoom supports the most popular cryptocurrencies, Bitcoin and Ether, and pairs them with the US dollar.
Additionally, CoinZoom provides iOS users with an app that can be used for transfer purposes.
Todd Crosland, founder and CEO of CoinZoom, had commented on the matter, saying that CoinZoom was not only the first U.S. cryptocurrency exchange to provide a Visa card to its customers, but it also offered a free Peer-to-Peer crypto and fiat payment system through the help of ZoomMe.