Zeux Lists IOTA for Crypto Payments at Retail Stores, Encouraging Its Wider Adoption
On March 21, the Zuex app team made an announcement through their Medium
blog that the company has taken another step towards the cryptocurrency world.
This time Zeux has added IOTA (MIOTA) to the list of its payment methods.
IOTA will let you buy regular things at regular stores
In a few weeks, regular buyers will be able to use IOTA to pay for goods and services in shops that are friendly towards Apple Pay and Samsung Pay systems.
Zeux has got an FCA regulatory license. This company that works in the field of financial services is preparing to launch in the EU next month. In 2020, it intends to roll out to the US where it will be cooperating with a great number of stores – from ones selling grocery to coffee shops.
The platform will enable its customers to do several things in one place, i.e. conduct payments, store funds and invest them. The app will work both with fiat and cryptocurrencies.
A beneficial cooperation
The founder of IOTA, David Sønstebø, believes that by collaborating with
Zeux his company will get IOTA adoption to a much higher level than the one the
coin is standing on now.
The CEO of Zeux, Frank Zhou, seems quite enthusiastic about helping to
bridge the crypto industry with the world of traditional economy and fiat. He reckons
that Tangle, the independent blockchain protocol used by IOTA, is a good basis
for developing Dapps and that Zeux may use it for this purpose in the future.
In an interview, Zhou shared that he is glad that Zeux will be able to
give IOTA users more financial freedom.
Zeux and other crypto coins
About a week ago, the banking app added another digital coin to its arsenal of financial tools – Qtum. Once the app launches, its users will also be able to pay for goods with this coin or invest it.
Earlier than that, the app teamed up with Bitcoin SV, so now this token will also be used by Zeux customers.
Crypto adoption via retail
Many experts and crypto enthusiasts are certain that massive adoption of
decentralized digital currencies first of all depends on user awareness and
opportunities to conduct everyday payments.
Some crypto coins are already accepted by numerous merchants thanks to many apps and payment systems, such as Spend app, CoinGate, TravelbyBit, etc.
Tron and BitTorrent offer their own card which enables users to spend these two coins, TRX and BTT, directly, with no third-party apps.