Qtum, an open-sourced blockchain application platform, blogged about adding its cryptocurrency Qtum to Zeux app.
Zeux Ltd is a financial technology company registered in England and Wales. Zeux is authorized and regulated by the Financial Conduct Authority (FCA) in the UK.
Qtum commenced by noting the difficulty of using cryptocurrencies and getting universal acceptance from merchants. What seems like a problem that cannot be handled would be overcome with the right cryptocurrency and merchant outreach. Such a feature fosters a mutual win-win.
Qtum conveyed the pleasant news of Qtum getting added to the Zeux app. The official launch is restricted to the UK and a soft launch in the rest of the European Union (EU). Qtum stated that customers in the US would have to wait a bit longer.
Qtum expressed the many advantages that this integration would bring about. Zeux would help in removing friction associated while using Qtum in the real world. Zeux app would also aid in zero-fees on foreign transactions. QTUM could be used wherever Apple Pay or Samsung Pay is accepted on a mobile device running the Zeux app.
Miguel Palencia, Chief Information Officer of the Qtum Foundation cited the collaboration –
“We’re excited that Zeux has added QTUM to its app. This adds a tremendous amount of additional utility for our valued community who can now use QTUM for all point-of-sale payments with merchants that accept Apple Pay, and Samsung Pay. Zeux has created a seamless way for people to use crypto in their day-to-day lives without the friction of choosing from a select group of merchants who accept crypto directly.”
Frank Zhou, Founder, and CEO of Zeux, who has led the team from initial stages to full production, expressed enthusiasm to add Qtum. Frank emphasized that Qtum is paving the way for mass adoption of smart contracts through providing “simplicity, security, and flexibility”. Frank noted that Qtum holders are now benefited to transact at point-of-sale terminals.
Earlier in January, Qtum had reported about its technical prowess. QtumX, an enterprise-level blockchain system developed by the Qtum team, reached 10,000 transactions per second (TPS) in benchmark tests. The firm had shared some insights into how they had achieved this high number.
Qtum concluded by noting that the proof-of-stake blockchain would eventually embrace point-of-sale terminals around the world. Qtum conveyed that Zeux would publicly launch its multi-function app in April, and would be available in Europe.