US fintech company ZELF has unveiled an anonymous Visa debit card that will be accepted at any of the 80 million Visa locations worldwide.
ZELF’s latest initiative will allow users to open a current account in US dollars with just their name, email and phone number, avoiding having to provide documentation such as social security number and proof of address. According to the fintech company, prospective customers can open a checking account and have an anonymous virtual debit card, which works with Apple and Google Pay, in 30 seconds.
ZELF is LIVE on @ProductHunt with the ultimate in payment #privacy — anonymous crypto reloadable debit card Over 150 countries supported
Support us @ https://t.co/TkJWpAnS9t
— ZELF (@zelfco) December 8, 2022
ZELF is LIVE on @ProductHunt with the latest in payment privacy: Anonymous Crypto Reloadable Debit Card. More than 150 countries supported
Visa debit cardholders will have the option to fund their accounts through traditional electronic payments, money and bank transfers, as well as crypto payments. For now, Users can make deposits to their checking accounts and debit cards in USD Coin (USDC), Tether (USDT) and Ether (ETH). The company said that it plans to add another 20 popular tokens to its catalog by the end of the year.
ZELF’s collaboration with Visa aims to prioritize the privacy and security of users when making transactions with cryptocurrencies.
Elliot Goykhman, founder and CEO of ZELF, said that lowering verification requirements will attract more customers and help the world’s unbanked to access financial services.
Despite being in a bear market, there has been growth in the adoption of cryptocurrency payment methods, ranging from crypto cards to crypto gift cards to crypto food delivery portals.
Visa appears to be playing a pivotal role in cryptocurrency adoption and increasing use cases for cryptocurrencies. In October, Visa filed trademark applications that suggest the company plans to expand its presence in the crypto ecosystem. Its trademark applications reveal the company’s intent to manage digital, virtual and cryptocurrency transactions, as well as non-fungible tokens and virtual goods.
On Oct. 27, Cointelegraph reported that Visa had partnered with Blockchain.com to offer cryptocurrency debit cards with no sign-up or annual fees and no transaction fees, while allowing users to earn 1% on all purchases. cryptocurrency purchases.
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