CoinZoom launches CoinZoom Cash, enabling customers to purchase bitcoin

By Edlyn Cardoza

CoinZoom, a U.S. based cryptocurrency exchange and leading FinTech company, recently announced the launch of CoinZoom Cash, enabling customers to purchase Bitcoin and 40 other top cryptocurrencies with cash at a fraction of the cost of high priced, limited functionality, Bitcoin ATMs.

Through the newly launched platform, customers can load cash into their CoinZoom account at the register of over 80,000 participating locations, then buy Bitcoin or 40 other coins in under 10 seconds. Customers go to the cashier, give them up to $500 – $999 (depending on the retailer) in cash, the cashier then scans the barcode on the app, and the customer’s money is instantly deposited without expensive network fees or a 10 – 50-minute delay that is typical with a Bitcoin ATM. Coinzoom Cash is now available at brick-and-motor retailers across the U.S., including Walgreens, Duane Read, Speedway, Sheetz, Kum & Go, Travel Centers of America, Flying J, Pilot Travel Centers, Kwik Trip and Rutters. Additional stores will be added soon.

“We’re the only U.S. exchange offering cash deposits to our customers,” said CoinZoom CEO Todd Crosland. “Bitcoin ATMs charge astronomical fees and can take up to an hour to move your funds. We’re offering a quick, seamless experience with significantly lower fees.”

Eventually, the Company’s users will also be able to utilise CoinZoom Cash to withdraw cash from their account using the same straightforward process at one of the participating retailers. This feature is coming soon.

“CoinZoom Cash is just another way we’re making it simple for users to fully embrace crypto. There’s no platform that makes it easier to invest, earn interest or spend your crypto,” added Crosland.