Registered crypto exchange CoinZoom has launched in the US with its own visa debit card that allows holders to pay with digital assets. The Utah-based exchange announced on Wednesday that it will offer Visa payment card that converts cryptocurrencies into US dollars.
CoinZoom is registered money service business with Financial Crimes Enforcement Network (FinCEN) and as such it has to follow the local regulations concerning customer protection and know-your-customer (KYC) requirements. The exchange is also licensed money transmitter in the US and a digital currency exchange in Australia.
CoinZoom supports most popular cryptocurrencies including bitcoin (BC) and ether (ETH) in pairs with US dollar. The platform also provides facility for proof-of-stake (PoS) coins, which brings rewards for holders.
CoinZoom already has a trending app for Apple iOS devices and can be also used as a remittance solution.
CoinZoom founder and CEO Todd Crosland stated:
CoinZoom is not only the first U.S. cryptocurrency exchange to provide a Visa card to its customers, but also offers … industry-first features like ZoomMe, CoinZoom’s free Peer-to-Peer crypto and fiat payment system.
Last year another US crypto exchange Coinbase launched its card Coinbase Card, a Visa debit card for its UK customers with which users can make purchase online and in-store via the card.
