- People can use IOTA tokens to make purchases through Zeux app
- Zeux app allows customers to make payments in QTUM, and now MIOTA
- The initiative will lead to IOTA mass adoption
Zeux payment and banking App will be integrating IOTA for crypto payments as it prepares to launch in Europe and the U.S. This means that regular buyers will in a few weeks be able to pay for their goods and services in shops that accept Apple Pay and Samsung pay systems using IOTA (MIOTA) tokens.
The Zeux App team stated through its official Medium blog on March 21, 2019, that the company is taking one more step towards crypto adoption. The company expects to launch in April 2019 in Europe and in 2020 in the United States at hundreds of shops ranging from coffee shops to grocery stores.
Enhance the Adoption of Digital Assets
With the new application, users will have a simple and affordable payment and banking service via a single click. The founder and CEO of Zeux Frank Zhou is excited at the partnership and says they expect it to enhance the adoption of digital assets in daily lives. He stated:
“As a distributed ledger with zero transaction fees, the Tangle is an up-and-coming chain for us to build our customer data DApp […] this marks another step forward in our journey. We look forward to working with IOTA and giving their customer base even more financial freedom.”
Zeux, which has an FCA regulatory license, is referenced both as a cryptocurrency and fiat banking services provider. The firm uses a large list of third-party partners to provide integrated investment products to its customers.
The platform will enable customers to do numerous things such as conducting payments, storing funds and investing them in one place as the App works for both fiat and cryptocurrencies. The Zeux App offers no-fee services for money transfers, top-up or cryptocurrency payment commissions and account openings.
The Partnership is a Blessing to IOTA
IOTA founder David Sønstebø is happy as he believes the new found partnership with Zeux will be a blessing to IOTA (MIOTA) that will enable his company gets adoption to a higher level than the coin has right now.
With the launch of the application, IOTA now has the potential to flourish in Europe, the United States and beyond. Commenting about the partnership IOTA founder and chairman stated:
“This partnership with Zeux will provide a significant convenience benefit for IOTA ecosystem. We are very excited about this. Now IOTA digital currency can be used as payment with merchants that accept Apple Pay and Samsung Pay. By combining existing technology with another form of currency, this is a big step forward towards the adoption of crypto for the masses.’’
Experts in crypto space believe that the massive adoption of cryptocurrencies will depend on user awareness and opportunities to use them for making everyday transactions. Several crypto coins are already acceptable by merchants thanks to the many Apps and crypto-based payment systems.
