PRESS RELEASE. ZelaaPayAEWith the vision of building and improving the financial structure, a Crypto Debit Card is introduced that can be used not only in the UAE but also worldwide.
In partnership with Baanx, ZelaaPayAE offers a Mastercard-enabled debit card with personalized cards with a low monthly fee and extreme accountability. What makes it stand out is the true ability to support a unique 5 multi-currency BIN that allows you to spend in 8 currencies (USD, CNY, JPY, GBP and others) with Mastercard Spot price, i.e. Zero Forex Markup.
The basic utility is not in the FX or global transaction but in its ability to support ZPAE, DGB, KLV. TRX, and BTC. Since the transaction from cryptocurrency to fiat becomes a breeze, there are many crypto-to-fiat debit cards out there, but you will need to pre-load them for them. Baanx’s Omnibus Account Framework for ZelaaPayAE debit card allows you to seamlessly spend money without pre-loading, using seamless spend APIs, promoting the transactional framework as a transaction should be in its truest form .
Swipe Wallet’s card works similarly, but it requires SXP wagers and most of the categories have FX markups too. Crypto.com and Binance are not far from offering Crypto debit cards, but again the proprietary technology as well as the omnibus account framework and personalization options are missing. Swipe, Binance, and Crypto.com all have VISA-enabled debit cards, so their use is restricted in some regions.
ZelaaPayAE outperforms both in terms of worldwide coverage (partnership with Mastercard, Visa and China Union Pay via Baanx; thus unrestricted worldwide use). ZelaaPayAE offers the flexibility of a virtual card and eliminates the need to pre-load the card. This has made it possible to design innovations as customer-oriented as possible.
Baanx has a successful track record in serving a potential fin-tech market and is also partnering with visionary Akon’s project, Akoin.
The outstanding feature is and remains the vision of ZelaaPayAE to build the infrastructure for the future of transactions and money. ZelaaPayAE x Baanx debit cards are able to bridge the gap between fiat and crypto, despite being backed by technology, belief and vision. You have and always will manage to stay at the forefront of innovation in financial services.
This is a press release. Readers should conduct their own due diligence before taking any action related to the advertised company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Photo credit: Shutterstock, Pixabay, Wiki Commons