The Crypto Company is known asZingo“With its wallet that supports many digital currencies and is also known for not keeping private keys to digital currencies, but rather leaving them in the hands of users.

Recently, “ZenGo” company joined the “Fast Track” program offered by the international company “Visa”, which is an acceleration program for companies that integrate with Visa payment systems.

ZenGo plans to benefit from the expertise and experience of the “Fast Track” program to create a credit card that provides the ability to pay in cryptocurrency for US users, with expansion to other geographic locations in the future.

According to the press release published by SourceThe ZenGo credit card will be the first card linked to a storage wallet that supports multiple digital currencies with self-hosting where the user controls their digital currencies.

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Which distinguishes it from other encrypted payment cards such as “Nexo” that uses guardianship solutions and supervises the storage of users’ private keys.

ZenGo CEO Uriel Ohayon told:

All crypto-enabled cards on the market are controlled by custodians, which means that they control your cryptocurrency and how the crypto-to-crypto transfer takes place.

What we offer is an important step forward in our quest to make cryptocurrency useful and usable by all.

Payments are one of the most important and underserved needs of our industry, so we are excited to be working with Visa on this.

In short, the final ZenGo product will be designed not just for storage or switching, but also for spending.

This is done by adding support for multiple currencies and leaving control in the hands of users.

The ZenGo Visa card has what it takes to be a successful combination of mass adoption and the awakening of the market.

Of course, the card must be developed first, and this is where Fast Track comes in.

Visa first welcomed US companies into the program in 2019 with the goal of bringing services to market, helping them access venture capital, and expanding.

Read:Bitcoin faces its most ambitious upgrade in years…will it be implemented?

As of May this year, Fast Track has helped more than 140 companies, including Stripe, Fold and TrustToken.

The head of the cryptocurrency department at Visa said:

As the network of choice for cryptocurrency wallets, we are excited to help innovative FinTech companies like ZenGo harness the value of the Visa network.

Read:Crypto-enabled ATMs to grow 80% in 2020

We can support ZenGo to access and benefit from Visa’s expertise and provide technology and resources for efficient expansion.

Ohayun commented:

The program helps a young company like us get faster access to the capabilities usually reserved for large fintech companies.

Not many details were revealed about the “ZenGo” card, and additional details are expected to be available in the near future, according to the company’s statement.

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