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Salt Lake City, Utah, December 12th, 2024, Chainwire

CoinZoom, a leading global fintech and payments company, is excited to announce: issuing over 114,000 CoinZoom Visa Debit Cards to customers in 152 countries, all within less than one month since launching in November. This adoption highlights the global demand for CoinZoom’s innovative debit card, which allows users to choose whether to use cash or crypto for each transaction and gives up to 5% rewards in crypto on all purchases. 

Purchases in crypto  

CoinZoom mentions hundreds of thousands of transactions across 42 countries using our debit card. Half of that spending has been across an array of coins, this insight indicates that customers want a seamless bridge between traditional finance and cryptocurrency services. Having a full debit card functionality, customers have bought airline tickets, and cruises, booked hotels, and filled their shopping carts with their CoinZoom card, citing that some crypto pre-paid cards do not allow pre-authorized transactions like hotel bookings and other reservations. With the ability to earn up to 5% back in crypto rewards on purchases, this redefines the possibilities of spending and potentially earning in the digital economy and shows that customers want the flexibility to use their crypto when they want. 

With 617 million cryptocurrency owners globally and a projected annual growth rate of 28%, CoinZoom is uniquely positioned to cater to the growing demand for practical and secure ways to spend digital assets. The CoinZoom Visa Debit Card offers a convenient solution, empowering crypto holders to integrate their assets into everyday life. 

With over 5 billion debit cards issued globally and the debit card being the preferred method of payment for Gen Z and Millennial consumers, CoinZoom’s unique offering of fiat and crypto spending capabilities, along with cashback rewards, positions it as a standout competitor in the global debit card market.  

“Reaching 114,000 Visa Debit Cards issued in under one month is a testament to the strong demand for CoinZoom’s financial solutions,” said Todd Crosland, Founder and Chairman of CoinZoom. “This milestone marks the beginning of an exciting growth journey as we empower crypto owners, simplify cross-border remittances, and tap into the global debit card market.” 

CoinZoom  key features

CoinZoom is a global fintech payments company enabling users to send, spend, save, and invest without barriers. To support bringing the potential benefits of blockchain technology, CoinZoom offers flexible funding options including Apple and Google Pay, debit and credit cards, wire transfers, ACH deposits, direct deposits, and instant cash deposits at multiple retail locations in the US. Its unique international peer-to-peer payment system, ZoomMe®, is part of its cash-to-crypto ecosystem for its customers in 169 countries, allowing them to deposit and send cash or crypto, around the globe instantly for free – saving millions of dollars in remittance fees.

The CoinZoom Crypto Debit card provides flexibility in spending by allowing users to spend in USD or crypto at over 130M merchants globally while earning up to 5% back in crypto on each purchase. The CoinZoom platform was built with a multi-layered security approach, and the team's decades of experience in financial technology security are equally important in safeguarding customer funds and personal information.

About CoinZoom  

CoinZoom is a U.S.-based and registered Money Services Business with FinCen and holds a SOC2 Type II Certification, which is highly regarded as the most rigorous test for the trustworthiness of a company’s processes, best practices, and diligence around securing customer data. CoinZoom is also a U.S. registered Money Transmitter, available for trading in 45 states, and has subsidiaries in Australia and Ireland. CoinZoom Australia PTY LTD is registered as a Digital Currency Exchange with AUSTRAC and CoinZoom Europe Limited is pending registration as a VASP in Ireland. 

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