Coinzoom Secures European VASP License, Paving The Way For EU Crypto Debit Card Expansion

CoinZoom , a U.S.-based fintech platform, announced today that it has officially secured a Virtual Asset Service Provider (VASP) license, marking a major milestone in the company's expansion 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 begun the formal application process for its full Markets in Crypto-Assets (MiCA) license, further enhancing its ability to deliver compliant services throughout Europe.

The VASP license lays the foundation for CoinZoom to issue its Visa debit card to customers in the EU, allowing seamless spending of both crypto and USD at over 130 million merchants and 1 million ATMs globally, with the opportunity to earn up to 5% back in crypto on every transaction.

Since the international 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 opting to spend crypto on everyday items 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 earn over $50 in crypto a month as free rewards for their spending.

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.

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