InsideBitcoins.com

CoinZoom Launches US-Based Coinbase Competitor

coinzoom

A United States exchange, CoinZoom, plans to compete with Coinbase’s Coinbase Card via its CoinZoom Visa Card. This will allow customers to trade, buy, and sell cryptocurrencies as they please.

“The CoinZoom Visa Card allows customers to instantly convert their crypto balances to fiat and spend at over 53 million Visa merchants worldwide,” a press release on the matter notes.

CoinZoom’s Visa ensures users can convert fiat to crypto (or vice-versa) instantly. It supports Litecoin, Ethereum, Ripple, Bitcoin, and more.

It’s also worth noting that Coinbase Card is only available in the United Kingdom and other European countries. CoinZoom’s Visa card is available in the United States and to over “53 million Visa merchants worldwide,” making them a viable competitor.

CoinZoom’s Visa works just like other fiat cards, in that it has a PIN, cashback rewards, a chip for payments, and much more.

The CEO of CoinZoom spoke on the matter:

“We are extremely pleased to work with Visa as we launch CoinZoom. Visa’s dominance as a global leader in digital payments, is a tremendous asset as CoinZoom begins to reshape the global cryptocurrency marketplace.”

On top of this, CoinZoom launched its Pro application on iOS.

Other companies, such as Lumi, are launching similar cards as well. This, of course, is to ensure mainstream adoption.

Top brokers for buying and trading cryptocurrencies

  • Platform
  • Features
  • Rating
  • Visit Site
  • Excellent choice for U.S. customers
  • Paypal accepted
  • CySEC & FCA regulated
  • Buy 12+ cryptocurrencies
4.5/5

eToro Reviews

    eToro Reviews

    https://insidebitcoins.com/visit/etoro-newsCreate your account
    Hide eToro Reviews
    • Best broker for non-US countries
    • Established stock-exchange listed company
    • Trade crypto CFDs, forex and stocks
    • No withdrawal or deposit fees and low spreads
    4.5/5

    Plus500 Reviews

      Plus500 Reviews

      https://insidebitcoins.com/visit/plus500-newsCreate your account
      Hide Plus500 Reviews
      Remember, all trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
      Avatar

      Cryptocurrency and games writer. Looking to the future by studying how these two industries can blend.

      Leave a Reply

      Your email address will not be published. Required fields are marked *