ZELF’s latest initiative has captured the imagination of crypto enthusiasts across the globe. The fintech company has launched a Visa debit card that owners may use in any geographical location. Unlike other Visa cards, this one is anonymous. The user’s name, phone number, and email suffice to create a U.S. dollar bank account. The Visa card applies to 80 million global locations. know more about bitcoin-storm.app by clicking here.
All About ZELF
ZELF is officially ZELF Inc. Headquartered in Greater Philadelphia, the company came into being in July 2019. Its uniqueness lies in the fact that ZELF Inc. is a Bank of the Metaverse. Such a bank never existed before. It is possible to access the fintech company’s services via WeChat (SMS, soon iMessage), Telegram, Meta (WhatsApp, Messenger), Viber, Discord, and LINE. Users are welcome to use any method of access.
ZELF Inc. is a neo bank. Neo refers to anything new. Therefore, ZELF Inc. is a new-age bank. It only has an online presence, not a physical one. It provides mobile digital solutions regarding financial matters. In other words, customers may transfer money, make payments and deposits, lend money, withdraw cash, etc., albeit online. Users may even request debit/credit cards, facilities to invest cash/cryptos, etc.
The only snag is that the fintech company does not possess a banking license. Therefore, it has to partner with a licensed bank or a licensed organization, before it can offer financial products and services to customers. In this case, ZELF Inc. has partnered with the Visa network.
The New Visa Card
ZELF Inc’s target audience is the younger generation. The company hopes to award a democratic flavor to its global financial services. Currently, it operates in Europe and the U.S. Although it acquired fame within a short time of its launch, its reputation increased even more in June 2022. The company launched its product campaign, Bank of the Metaverse. NFTs, game loot, and fiat currencies were placed under one umbrella.
To begin with, a user must set up an account. There are no charges for launching the bank account. As mentioned earlier, the user need not bother about providing any type of documentation. In traditional banks, one has to provide proof of address, social security number, etc. Within 30 seconds of the creation of an account, the owner receives a virtual debit card. The delivery occurs via Samsung Pay, Apple Pay, or Google Pay. In other words, the anonymous debit card works with all three.
The owners of the cards may hoard cryptocurrencies or fiat currencies (USD Coins). They may do the funding via digital currencies directly, wire/money transfer, or traditional electronic payments. The company plans to add 20 popular tokens to its new catalog later. Interested customers may peruse Bitcoin smart for details about coins/tokens.
According to the founder and CEO of ZELF Inc., Elliot Goykhman, more customers may approach the fintech company in the future. It is because of a reduction in verification requisites. Furthermore, the global unbanked population will gain access to financial services. This population has no access to traditional banking services.
Benefits of the Visa Card
The new launch will enable rapid onboarding. Additionally, the anonymity associated with the card should keep user accounts safe and private. It is very beneficial for cryptocurrency investors. They may conduct business deals involving digital currencies, online, without any fear of their accounts being hacked or disturbed.
Another advantage is the employment of AI-powered voice control. A few examples are – Ask dad for $100, show me my balance, etc. The user may take recourse to the ergonomic button interface without quitting the messenger employed for accessing banking services. In short, the commands enable users to save time and effort. Visa seems to be going all out to promote the adoption of virtual currencies. Toward this end, it has even partnered with Blockchain.com, offering crypto debit cards to users of Blockchain.com. Users do not have to pay transaction charges, sign-up fees, and annual fees. Then again, users may receive 1% returns in the form of digital currencies when purchasing anything online. Visa has also filed trademark applications. It has clear intentions of handling transactions related to digital currencies, virtual goods, and NFTs. In other words, it wants to create a memorable digital footprint.