Digital Banking

Cryptocurrency exchange CoinZoom joins Visa's fintech program

Image via iStock.com

May 20, 2021

CoinZoom, a cryptocurrency exchange, has joined Visa's Fintech Fast Track Program to speed up its process of integrating with Visa. With this program, CoinZoom customers will be able to send funds from their CoinZoom wallet to their Visa debit cards, according to a press release.

CoinZoom already offers a Visa debit card, which allows users to convert cryptocurrency into fiat and spend it at more than 53 million merchants globally. With this new integration, CoinZoom will offer an instant service for simplified conversion. Customers will also receive up to 3% back in cryptocurrency when they send funds through CoinZoom Instant.

"We're excited to expand our money transfer services and launch CoinZoom Instant through this collaboration with Visa," Todd Crosland, CEO, CoinZoom, said in the release. "Our customers can currently send fiat or crypto instantly to other users for free via our peer-to-peer transfer feature, ZoomMe, and now through our expanded collaboration with Visa, we will be able to provide a premier service to global customers in the peer-to-peer marketplace that totals over $20T per year. Through the integration with Visa Direct our U.S. customers will be able to convert crypto and send their fiat to their eligible debit cards in real-time, as opposed to waiting 2-3 days for a bank wire. With CoinZoom Instant, customers will be able to easily send fiat or crypto from one account to another, one bank to another, or one country to another in real-time."