A non-custodial cryptocurrency wallet for mobile devices ZenGo has joined Visa’s Fintech Fast Track program, that allows the project to develop a co-branded innovative payment card.
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From now on, ZenGo users can spend their cryptocurrencies online and offline with retailers with the help of Visa's credit card tied to a self-hosted, on-chain, multi-currency wallet. According to an official press release, ZenGo will automatically convert all cryptocurrencies into fiat when a consumer wants to spend their funds.
Cuy Sheffield, Head of Crypto at Visa, says thanks to the program, the payment giant can now support ZenGo with access to Visa's "experts, technology, and resources to scale with efficiency."
"As the preferred network for digital currency wallets, we are excited to help innovative fintechs like ZenGo harness the value of Visa's network," Sheffield added.
ZenGo is not the first crypto-focused project listed on Visa’s Fintech Fast Track program. Previously, Visa announced extension of supported projects with a Bitcoin-focused startup called Lastbit.
With the inclusion in the program, Lastbit will be able to integrate its Lightning Network-based payments platform to enable its financial partners to issue Visa credentials to end consumers.
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