CoinZoom Tackles Obstacles Undermining Crypto Adoption by Embracing Financial Services in Fresh Format
Besides remittance services, CoinZoom features five different CoinZoom Visa cards, depending on the amount of ZOOM you hold in your wallet.
To help accelerate the widespread acceptance of cryptocurrencies, CoinZoom is continuously adding new services, including crypto Visa debit cards, crypto remittance services, an institutional-grade trading platform, and much more.
Fully-Licensed Services Support Greater Functionality & Accessibility
Decentralized finance (DeFi) has become one of the hottest topics in recent years, driven by the public’s growing disillusionment with the shortcomings of the centralized finance sector. Fueled by the Covid-19 pandemic, cryptocurrencies like Bitcoin, Ethereum, and several other noteworthy alt-coins have worked their way into the mainstream consciousness.
However, the use of cryptocurrencies remains extremely limited, primarily because digital assets still don’t hold much value outside the blockchain ecosystem. This is where CoinZoom, a next-generation cryptocurrency exchange, enters the picture. The fully-regulated crypto trading platform offers a range of services, each aimed at accelerating mainstream use of cryptocurrencies while lowering the barriers to use.
CoinZoom, through its innovative products, makes cryptocurrency usable in real-world situations. Other than its fully regulated trading platform that allows users to trade over 30 cryptocurrencies across 120 markets, CoinZoom offers other unique benefits, including real-time trade analysis, institutional-grade security, and a fully transparent ecosystem.
Established in 2018, the US-based crypto company is registered for operation in the US under a Money Services Business license. The platform follows AML, KYC, FinCEN, and OFAC compliance regulations needed to operate in more than 140 countries. Led by a team of professionals with decades of experience in global financial regulations, CoinZoom is also applying for a BitLicense in the US and an E-Money License in the European Union.
In addition to the highly regulated trading platform, CoinZoom offers other crypto-based products aimed at driving broader cryptocurrency adoption. By bridging the gap between conventional financial solutions and cryptocurrencies, the platform grants worldwide users access to the myriad possibilities of digital assets.
Take, for instance, the problems people face when remitting fiat currency from one country to another. Even though centralized infrastructure is distributed globally, the process is complicated, costly, and time-consuming. CoinZoom’s ZoomMe feature was introduced to address these problems. This blockchain-based global payments system aids users with sending and receiving fiat and cryptocurrencies without any geographical constraints.
Unlike centralized exchanges or other payment platforms that charge high fees for small sums, ZoomMe differs by not charging commissions or hidden fees to process the payments. Instead of paying fees, users need to allocate ZOOM, CoinZoom’s utility token. The greater the number of tokens held, the more money a user can send without any charges.
Besides remittance services, CoinZoom features five different CoinZoom Visa cards, depending on the amount of ZOOM you hold in your wallet. CoinZoom Visa cards facilitate cryptocurrency spending and offer trading fee discounts, cashback, and rewards for qualifying purchases. Furthermore, CoinZoom’s crypto-enabled Visa debit cards help cardholders spend their cryptocurrencies across 53 million merchant outlets worldwide.
As cryptocurrencies ramp up their competition with conventional finance, CoinZoom, with its array of products and services, is advancing a decentralized revolution challenging traditional banking by powering equally capable services through blockchain technology.
Having obtained a diploma in Intercultural Communication, Julia continued her studies taking a Master’s degree in Economics and Management. Becoming captured by innovative technologies, Julia turned passionate about exploring emerging techs believing in their ability to transform all spheres of our life.