• Home
  • Bitcoin News
  • Blockchain News
  • CBDC News
  • NFT News
  • New to Crypto?
  • About
  • Contact
Facebook Twitter Instagram
Todayq News
  • News
  • Bitcoin
  • Metaverse
  • NFT
  • Blockchain
  • New to Crypto
  • Contact
Twitter Facebook Instagram LinkedIn
Todayq News
News

Crypto-fiat trading platform Zipmex teams up with Visa to increase efficiency

By Avantika Khajuria6 August 2021, 07:13 PM
Crypto-fiat trading platform Zipmex teams up with Visa to increase efficiency

Zipmex, an Asia-Pacific crypto-fiat trading platform, has partnered with Visa to increase the efficiency of Visa’s payment programs and products.

The platform’s payment network, ZipSend, will be connected to Visa’s global network of 70 million retailers, allowing users to spend their cryptocurrency. Zipmex plans to issue a Visa-branded payment card later this year as a result of the cooperation.

Since its inception in late 2019, Zipmex, which has compliance operations in Thailand, Indonesia, Singapore, and Australia, has grown to over 200,000 users and recorded over $1 billion in total transaction volume.

With central bank digital currencies and private sector stablecoins attracting more legal and geopolitical attention, Visa and its competitor Mastercard have been fighting to keep their services at the forefront of the latest digital asset innovations.

However, any future payment product, such as a card, will still need to be approved by regulatory authorities in the appropriate jurisdictions, according to the firm. Zipmex CEO Marcus Lim stated that,

The platform’s bid to become a crypto payment card issuer has placed it in a position to provide support and guidance to help regulators pass effective digital asset legislation. This has been one of the more fulfilling aspects of this project

Related: CoinJar collaborates with Mastercard to provide Australia’s first Bitcoin Card

In addition, as part of Mastercard Start Path, the firm recently launched a new startup engagement program to help fintech and organizations working with digital assets, crypto, and blockchain technology. Coinbase said this week that consumers with an Apple Pay-enabled Visa or Mastercard debit card may now acquire crypto assets on its platform, with Google Pay integration.

New to Crypto? Learn Cryptocurrency Trading at Todayq Education

CBDC Crypto Stablecoin Visa
Share. Facebook Twitter LinkedIn Telegram WhatsApp Reddit

Comments are closed.

Must Read

Suzhou: The next frontier in China’s Metaverse hub development

Meta to continue investing in Reality Labs despite recording a $13.7 billion loss in 2022

Tesla bleeds over $140 million after Bitcoin bet goes sour

Indian budget session leaves Crypto industry disappointed

Instagram
Recently, J.P. Morgan, an American multinational financial services company, in its latest e-trading trends survey of 835 institutional traders, attempted to gauge market sentiments for the coming year.
On Thursday, one of the largest retail Indian chains, Reliance Retail, announced that they have started accepting the digital rupee at one of its store lines and plans to extend the rollout to all its businesses.
The past year was challenging for cryptocurrencies with the prolonged bear market and the collapse of firms but the investors have put their confidence in the assets.
The United Kingdom, with the advent of its new prime minister in 2022, was expected to play a tremendous role in the adoption and regulation of cryptocurrencies and digital assets in the nation.
Crypto by TradingView
Twitter Facebook Instagram LinkedIn
  • About
  • Careers
  • Advertise
  • Privacy
All rights reserved by Todayq Technologies PVT. LTD.

Type above and press Enter to search. Press Esc to cancel.