CoinZoom Protects European VASP License, Leading The Way for EU Crypto Debit Card Expansion
CoinZoom, a U.S.-based fintech platform, revealed today that it has officially secured a Virtual Property Service Provider (VASP) license, marking a significant milestone in the business’s growth in Europe.
Since securing its VASP license in Latvia, CoinZoom is now fully authorized to operate and offer digital asset services across the European Union under a MiCA-aligned regulatory framework. The company has started the official application process for its full Markets in Crypto-Assets (MiCA) license, further enhancing its ability to deliver certified services throughout Europe. The VASP license lays the foundation for CoinZoom to issue its Visa debit card to clients in the EU, allowing seamless spending of both crypto and USD at over 130 million merchants and 1 million ATMs worldwide, with the opportunity to earn up to 5% back in crypto on every transaction. Since the global expansion of the CoinZoom Visa debit card in November 2024, the program has seen explosive growth of 127% in users across 48 countries with an increasing adoption of crypto to make purchases. Close to 50% of users are choosing to spend crypto on everyday products from gas and groceries to big-ticket items such as airline tickets and hotel reservations. This figure has been consistent since launch and indicates an appetite for real-world payments in crypto. Users make over $50 in crypto a month as free rewards for their spending.
“We’re excited to have secured our European VASP license,” said Todd Crosland, Founder and CEO of CoinZoom. “This marks a crucial step in our mission to provide regulated and secure services to customers across Europe. With our MiCA license application underway, we’re doubling down on compliance to offer European citizens the full power of our platform—from crypto trading and free instant remittances to our industry-leading Visa card program.”
CoinZoom’s expansion into the EU comes at a time of rapidly increasing demand for compliant crypto services and digital payments infrastructure. This regulatory milestone makes CoinZoom one of the few U.S.-based financial platforms to hold both U.S. regulatory approvals and a European VASP license, positioning it uniquely for global growth. The CoinZoom Visa Debit Card is currently available in over 150 countries.
About CoinZoom
CoinZoom is a U.S.-based financial platform enabling anyone to send, spend, save, and invest without barriers. To support the benefits of blockchain technology, CoinZoom offers flexible funding options including Apple and Google Pay, debit and credit cards, and instant cash deposits at various retail locations in the US. Its unique global peer-to-peer payment system, ZoomMe, is part of its cash-to-crypto ecosystem for its customers in 169 countries, allowing them to deposit and send money or crypto, worldwide instantly for free—saving millions of dollars in remittance fees. The CoinZoom Crypto Debit card provides flexibility in spending by allowing users to spend in USD or crypto at over 130M merchants globally while earning up to 5% back in crypto on each purchase. The CoinZoom platform was built with a multi-layered security approach, and the team’s years of experience in financial technology security are crucial in safeguarding customer funds and personal information. CoinZoom is a U.S. registered Money Services Business with FinCen and holds a SOC2 Type II Certification, which is highly regarded as the most rigorous test for the soundness of a company’s operations, best practices, and diligence around protecting customer data. CoinZoom is also a U.S. registered Money Transmitter, available for trading in 46 states and has subsidiaries in Australia and Ireland. CoinZoom Australia PTY LTD is registered as a Digital Currency Exchange with AUSTRAC.
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