The US-based global fintech and payments company is working to enable financial freedom for millions worldwide. Having built a secure, accessible platform for businesses and consumers to utilize blockchain technology, CoinZoom is poised for mass adoption.
It is well known that the 99% are plagued with inequality and inefficiency for the simplest financial transactions. The movement of funds both domestically and cross-border is fraught with stress and expense. Exorbitant fees, unpredictable wait times and denial of services are commonplace. Blockchain technology has the power to change the game by enabling users to move money easily – offering more security, instant delivery at a fraction of the cost.
The global blockchain market is expected to grow from $17.57 billion in 2023 to $469.49 billion by 2030 with cross-border payments and settlements being the biggest use case. According to Juniper Research, the total value of business-to-business (B2B) cross border payments stored on the blockchain will exceed $4.4 trillion in 2024, accounting for 11% of total B2B cross-border payments.
CoinZoom is a US-registered leading global fintech and payments company founded with the vision that anyone can send, spend, save and invest without barriers. The team at CoinZoom has built an innovative, secure and low-cost platform that enables anyone to manage their money and digital assets, all while earning crypto rewards to build for their financial future.
As the industry is still in early adoption mode, it’s no secret that many are wary when it comes to trusting crypto platforms. Since its inception, CoinZoom has always placed the security of its customers funds and data as its top priority and holds a SOC2 accreditation with Enterprise level data security and extensive Know Your Customer (KYC) and Anti-Money Laundering (AML) capabilities.
“When money is moving, easily, securely in a more cost-effective way, everyone benefits,” said Todd Crosland, CoinZoom Founder and CEO. “Our mission is to empower financial service businesses, digital apps, retailers and consumers to take advantage of blockchain technology and help broaden access to free banking and money transfers, particularly in developing markets.”
According to the World Bank, $626 Billion is sent from the US to middle-low-income countries each year. The six million households in America that are regularly sending these funds often wait 3-5 days for the funds to arrive and pay up to 13% in fees.
Money transfers sent via CoinZoom’s platform, arrive in the recipient’s account instantly with the tap of a button, without them having to pay a fee or experience unfavorable exchange rates.
Many traditional financial institutions and businesses are exploring blockchain technology to enable their payment networks to make them faster, cheaper and more secure.
CoinZoom provides a merchant gateway for businesses and entrepreneurs to help them manage bulk payouts for a fraction of the cost and within seconds – all through a secure solution, which integrates seamlessly into their business infrastructure.
The future of finance is bright with this innovative technology poised to create broader access to financial services for the under and un-banked and for growing businesses. By making payments and money transfers more secure, efficient and lower-cost, the benefits of improving the way we manage our finances touch billions worldwide.
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