CoinZoom Unveils New Card for Global Crypto Spend

3 hours ago

CoinZoom has announced the release of its crypto debit card, allowing users to spend digital assets in everyday life.

Launch of the Crypto Debit Card

With the launch of the crypto debit card, CoinZoom offers 617 million cryptocurrency holders the ability to use their digital assets at over 130 million merchants in 150 countries worldwide. This event marks a significant milestone in integrating cryptocurrencies into the mainstream economy.

More than 56% of consumers globally prefer debit cards for payments, and we’ve seen over 20% growth year-over-year in our U.S. debit card program.Todd Crosland, CEO and Co-Founder of CoinZoom

Card Benefits and Features

The CoinZoom card connects to a CoinZoom account, holding both local currencies and cryptocurrencies. It allows users to earn up to 5% back in crypto on eligible purchases. The card is available in 150 countries, with a physical version coming soon. Users can pay in local currency or choose cryptocurrencies like Bitcoin, Dogecoin, or Ethereum.

One of the biggest barriers to crypto adoption has been, ‘Where can I actually spend it?’Ben Crosland, Head of Business Development and Co-Founder of CoinZoom

Impact on the Crypto Industry

So far, merchants had the option to accept cryptocurrencies individually. With CoinZoom’s card launch, users can utilize digital assets for daily purchases. This is a pivotal moment for the industry, which has garnered more support in the U.S.

With smartphone access and debit cards at the core of modern spending, this is a no-brainer.Paxton Powers, CTO at CoinZoom

The launch of CoinZoom's crypto debit card opens new avenues for the everyday use of cryptocurrencies, reducing barriers to adoption and expanding the utility of digital assets.

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