Zen.com converts fiat currencies into crypto

Mastercard-powered digital money transfer platform Zen.com has introduced the conversion of fiat money into digital assets.

The company, which is licensed under Lithuania’s central bank, is also launching transfer of fiat currencies into any digital wallet servicing BTC, ETH or USD-T (ERC-20), with more currencies to be added.

“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,” said Zen.com founder Dawid Rozek. “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 currently supports Bitcoin - including instant transfers and top-ups - Ethereum, and USD-T, as well as Litecoin.

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.”

    Share Story:

Recent Stories


New Business Frontiers
FStech’s Mark Evans discusses the future of financial services with Liu Jianning of Huawei, covering the limitations that current thinking can impose, how financial institutions can embrace technology to be both agile and resilient, and making space for the organisation to focus on the job of creating innovative business models and on delivering business value for their customers.

The Future of Intelligent Finance
FStech Group Editor Mark Evans sits down with Jason Cao, President of Global Financial Services Business Unit, Enterprise BG at Huawei ahead of its Intelligent Finance Summit which was held on 3rd and 4th of June in Shanghai. This Q&A delves into key trends in digital transformation of the financial services industry as well as a look at how data, robotic infrastructure, intelligent storage and innovative technologies are shaping the future for FSIs.

Cracking down on fraud
In this webinar a panel of expert speakers explored the ways in which high-volume PSPs and FinTechs are preventing fraud while providing a seamless customer experience.