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Scotland-based Zumo partners with Modulr

Monday 29 June 2020 11:46 CET | News

Crypto wallet and exchange platform Zumo has partnered with digital payments platform Modulr to launch a GBP functionality on the former’s system.

The partnership will allow Zumo users in the UK to hold GBP funds within the Zumo wallet, as well as buy and sell cryptocurrencies Bitcoin (BTC) and Ether (ETH). The Zumo app already allows users to own BTC and ETH on-chain, managed by private keys which only the individual can access.

The measures will be followed by the addition of a stablecoin to the Zumo platform, as well as an optimisation in its fiat-crypto exchanges. Modulr offers ‘Payments as a Service’ as an alternative to commercial and wholesale transaction banking, partnering with financial leaders including Revolut, Sage, and Liberis, and having processed over GBP 30 billion in payments to date. 

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Keywords: Zumo, Modulr, cryptocurrency, crypto wallet, crypto exchange, digital payments, stablecoin, partnership, Zumo wallet, Bitcoin, BTC, Ether, ETH, fiat-crypto exchange, Liberis, Revolut, Sage
Categories: Blockchain & Cryptocurrencies | Cryptocurrencies
Countries: United Kingdom
This article is part of category

Blockchain & Cryptocurrencies