Payments
CoinZoom to integrate Visa Direct to send crypt funds
July 12, 2022
CoinZoom, a cryptocurrency exchange and fintech company, has teamed up with Visa to integrate Visa Direct, a real-time push payments network, to allow customers to disperse funds from cryptocurrency to cards in 194 countries with CoinZoom Instant. CoinZoom Instant will convert the crypto into fiat before sending it to the cards, according to a press release.
CoinZoom customers will receive up to 3% back in crypto when sending funds through CoinZoom Instant. The company will also offer a Visa debit card.
"Through CoinZoom Instant, customers can convert crypto and send their fiat to their eligible debit cards in real-time, as opposed to waiting two to three days for a bank wire," Todd Crosland, CEO, CoinZoom, said in the release. "Customers are now able to easily send fiat from one account to another, one bank to another, or one country to another in real-time."
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