Zumo rolls out new B2B crypto-as-a-service platform ZumoKit

By Megha Bhattacharya

Crypto wallet and payment platform Zumo has launches its crypto-as-a-service platform ZumoKit. ZumoKit is a B2B product built for FinTechs and financial institutions that aim to offer cryptocurrencies in a compliant way to meet the demand of modern customers.

Eddie Robb, Commercial Director at Zumo, said, “ZumoKit helps FinTechs, and their customers, get comfortable with crypto. We give businesses the tools they need to build cryptocurrency solutions into their platforms, saving them thousands of hours of work. We’re working with a number of savings, remittance and share trading apps to allow them to offer crypto to their customers. ZumoKit is a ready-to-roll solution for fintech companies and other financial institutions that want to bring the benefits of crypto to their customers. It’s a plug and play product that makes it easy to get going with crypto in a safe, secure and compliant way.”

According to Zumo, the service is blockchain agnostic, allowing companies to connect to any blockchain, adopt any cryptocurrency or use their own stablecoin. It allows businesses to integrate a digital currency, allowing their customers to buy and sell digital currencies as an investment. ZumoKit enables companies’ users to send, receive and store digital currencies, bringing them all the benefits of low cost, high speed and borderless payments.

Eddie Robb added, “Our solution can be hugely valuable to companies, because it will allow them to offer customers the ability to trade cryptocurrencies whilst shielding the wider business from the ups and downs of the markets. ZumoKit’s modular approach makes it easy to introduce a cryptocurrency solution which corresponds to the needs of modern customers.”