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ZEN.COM wallet introduces digital assets transfers between wallets and exchanges

By Joy Dumasia

January 04, 2022

  • Asset Management
  • Bitcoin
  • Crypto exchanges

ZEN.COM powered by Mastercard has introduced the conversion of fiat money into digital assets, as well as the transfer of fiat currencies to any digital wallet servicing BTC, ETH or USD-T (ERC-20), with more currencies coming up in the nearest future, such as BNB or support for USD-T (TRC-20).

The platform, which was built to provide a seamless online and offline payment experience, will allow users to convert fiat money into an array of digital assets, including Bitcoin, Ethereum, and USD-T (ERC-20). Additionally, users can convert digital assets into EUR and over 30 fiat currencies serviced by the ZEN.COM wallet, such as GBP or USD.

ZEN.COM Founder, Dawid Rozek, said: “There is currently a lot of noise around digital assets, and their popularity has increased, and yet the overall complexity of the system reduces wider adoption, especially among customers used to fiat currencies. We feel that everyone should have access to their own money, regardless of whether they store their assets in a wallet or on an exchange.”

The service will work seamlessly with digital wallets and exchanges that service the assets supported by ZEN.COM. It will accept and convert digital assets to fiat upon receipt. Currently, the service supports Bitcoin, Ethereum, USD-T, and Litecoin. The company is looking to expand this list in the upcoming months.

Top-ups, meaning sending the assets from an exchange or a digital wallet to a EUR currency account at ZEN.COM, incur a fee of 0.5% (Platinum plan) or 0.9% (Gold plan). Whilst transfers sending assets from a EUR currency account to exchange or to a private digital wallet have a fee of 0.5% (Platinum) or 1% (Gold). Comparatively, many market competitors have a 1.5-2% transfer fee. Access to the Gold plan costs EUR 0,99 monthly, while Platinum is just EUR 4,99 monthly.

Dawid Rozek continued: “There is no shortage of online platforms that let you exchange digital assets, but most of them are not simple to understand or easy to use. What’s more, on top of exchange rates being different across every platform, each of them has its own fees and hidden charges; we believe that people looking to participate in the growing market for digital assets should have a simple and safe way to access their money.”

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