The crypto industry development

Based on reports coming from a London-based Fintech company, that goes by the name Zeux , there has been a new partnership between BitcoinSV and Qtum in order to bring in-store crypto payments, payments that will be made in conjunction with Samsung and Apple Pay.

This London based company is aiming to be the first fully mobile payment app, that will allow for transactions of crypto and fiat payments at stores. These payments will be also be accepted by Samsung pay and Apple Pay. The company has recently announced that it will list cryptocurrencies Qtum and Bitcoin SV to customers, who will also be able to spend bitcoin and Ethereum.

The Zeux application

Zeux is a digital banking solution app that will combine all the banking activities on one single application. This will be in order to bridge the gap between traditional point-of-sale (POS) payment solutions to the new era of crypto.

The application will also have a built-in investment platform and a foreign exchange system.

This partnership will allow holders of BitcoinSV and Qtum to do transactions in cryptocurrency and shop using Apple Pay and Samsung

Pay.

This, therefore, means people will be able to go and shop at stores after selecting their favourite cryptocurrency and the cost will be deducted from the users Zeux digital payment wallet account.

This will help bring thousands of merchants to transact with cryptocurrencies, most of whom currently only accepting fiat payments. However, there will still be fiat currency payment options available.

According to the Chief information officer of Qtum, Miguel Palencia:

“This adds a tremendous amount of additional utility for our valued community who can now use QTUM for all point-of-sale payments with merchants that accept Apple Pay and Samsung Pay. Zeux has created a seamless way for people to use select groups of merchants who accept crypto directly.”

The president of the Bitcoin Association, Jimmy Nguyen also mentioned that:

“Bitcoin is supposed to be genuine digital money and Zeux’s forward thinking platform makes this an immediate reality. BSV has shown recently with a 100MB mined block that it can properly scale and now it is showing utility as well. Scalability and use are the most important factors in demonstrating how Bitcoin, by which i mean BSV, can become a global, low-transaction fee, digital currency.”

According to some reports coming from the UK’s Financial Conduct Authority (FCA), which is currently regulating Zeux, the app has successfully integrated banking, investing and payments on this one app.

This new crypto-to-fiat solution will not charge customers fees on the platform for payments with cryptocurrency. This also includes commission charges in order to open an account or to make top-ups.

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