Digital wallet platform Spend.com announced on Thursday it has formed a new partnership with Paxos to enable cryptocurrency payments. Spend.com reported that through the partnership it has integrated the itBit by Paxos cryptocurrency exchange into its platform.
“This integration allows users to easily spend their digital assets without having to move their cryptocurrency off exchange platforms. The itBit exchange is a safe, secure and fair-trading venue with oversight from the New York Department of Financial Services (DFS). Paxos has also implemented best-in-class blockchain monitoring software to protect its users and their assets.”
Currently; the Spend App supports:
- More than 16 Cryptocurrencies
- 27 Fiat Currencies
Founded in 2018, Spend.com is on a mission to create a universal bank account that merges cryptocurrency to fiat. The platform offers financial service product suite, Spend Wallet, Spend App, and Spend Card that gives users a solution to spending through a multi-currency digital wallet.
“Our goal is to make sure we meet all elements necessary to create a global solution with a brand users can trust, a design that is easy to use, and software that gets the job done.”