Zipmex crypto-fiat platform partners with Visa for Asia-Pacific payments

[ad_1]

The Zipmex cryptocurrency exchange has announced a partnership agreement with the credit card company Visa.

According to the official announcement, this Singapore-based exchange will be integrated into the global Visa merchant network. Visa said it will cooperate with 50 other cryptocurrency platforms.

This partnership will allow Zipmex to revolutionize the way its users spend their assets. Therefore, through the Zipmexs payment program, ZipSpend, customers will have the ability to access the 70 million merchants in the global Visa network.

Visa recently confirmed that $ 1 billion was spent using its crypto-backed cards in the first half of 2021.

Zipmex CEO Marcus Lim said the partnership with the credit card company will help Zipmex move forward with its innovative payment products.

Visa has been at the forefront of payment innovation over the past 10 years, a strategy that aligns very well with ours. We thank Visa for their support and look forward to a strong and lasting relationship, commented Lim.

Revolutionary development in Southeast Asia

Zipmex is the only exchange that operates and operates in four jurisdictions in a law-compliant manner, and to date it has processed over $ 1 billion in gross trade volume since its launch in late 2019.

In January of this year, the company raised $ 6 million in a funding round led by Jump Capital.

Lim also added that this partnership presents a “revolutionary development for Southeast Asia which is supported by the integration of digital assets and blockchain infrastructure and the consumer payment platform which will provide exciting opportunities. to expand their use in payments and fintech applications.

“We are delighted to be Visa’s entry partner in markets like Thailand. Any payment product that we publish will have first been approved by the respective regulatory bodies. As we are in the unique position of launching the first product of its kind, we have been able to provide support and advice to help regulators pass effective digital asset legislation. It has been one of the most rewarding aspects of this project.

The story continues

According to the announcement, the two companies intend to work together to educate and enable the global Visa network of global fintech partners and market partners who seek to leverage the power of digital assets for payments around the world. .

Visa CFO Vasant Prabhu recently said his company is doing a lot to create an ecosystem that makes cryptocurrency more usable and more like any other currency.

“People are exploring ways to use cryptocurrencies for things that they would use normal currencies for… There are a lot of issues in terms of volatility, etc. But it’s up to the crypto owners to manage and to follow, ”he said.

[ad_2]