The startup behind ZenGo, a non-custodial cryptocurrency wallet, has joined the Visa Fast Track program. Writes about this TechCrunch.
The ZenGo team hopes that this will help launch its own map in 2021. At the first stage, it will be available to US residents.
The head of the startup, Ouriel Ohayon, said that the card is not associated with storage - it will be tied to a user-controlled wallet. ZenGo will allow you to convert cryptocurrency to fiat to pay at terminals or withdraw cash.
Visa launched the Fast Track program in July 2019. It is aimed at fintech companies looking to accelerate growth with the resources and services of the payment giant.
Previously, the crypto company Ternio became a Fast Track member. So she planned to close the gap between traditional finance and cryptocurrencies.
Cryptocurrency lending platform Cred joined the program in September. She planned to issue credit cards, issue loans for them in fiat currency and transfer interest payments to users' bank accounts.