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The partnership will allow direct and efficient financial transactions in ZenCash
New York, New York – 11 October 2017 – ZenCash, the currency for communications and borderless and decentralized transactions, announced today that it has established a strategic partnership with Welto, an application that allows users to pay invoices directly via their cryptocurrency portfolios. The partnership will allow Welto to support ZenCash payments through the integration of CoinPayments, a gateway system that eliminates the need to use an exchange to convert the cryptocurrency into fiat currency.
The co-founder of ZenCash, Rob Viglione, said: "We are incredibly excited that ZenCash will be integrated into the Welto platform, being the first instance of ZenCash used as a direct payment method, without the need to convert into another cryptocurrency or currency fiat, we believe this is a major step forward in making Zen more broad and easily accessible to a broader user base.We believe that adding ZenCash to a consumer platform will show how it can improve security and privacy of daily transactions without sacrificing speed We are confident that this integration will stimulate more users to adopt ZenCash not only as a store of value, but also as a means of payment ".
The partnership between ZenCash and Welto will allow users to pay their bills in ZenCash directly, facilitating payments within 24-48 hours through the incorporation of their Zen wallets. Users can also monitor the status of their ZenCash payment until confirmation of the final receipt. Through the Welto platform, ZenCash users have the ability to monitor their spending and track the ZenCash exchange rate in US dollars, which is automatically updated every 15 minutes. The platform also allows users to plan payment of bills in advance in ZenCash and offers a finance management system that tracks outgoing expenses in ZenCash.
Welto's CEO, Alex Pashkevych, said, "We are proud to integrate ZenCash into the Welto platform, and since its launch in May, we have been impressed by the exceptional technical concentration and sophistication of the Zen team who have applied to develop a cryptocurrency with advanced privacy and security features We believe that ZenCash is the perfect solution to establish a case of how cryptocurrencies can be used safely and efficiently in common financial transactions such as paying bills. "
In addition to ZenCash, the Welto platform also supports bitcoin payments through integration with bitcoin exchange in the United States Coinbase. Through its incorporation of CoinPayments, Welto also facilitates altcoin payments in Ethereum, Ethereum Classic and Crown. On the Welto platform, users can track current accounts of cryptocurrency accounts in a single position. Welto is available for purchase through iTunes and Google Play stores and is also integrated into Amazon Echo devices.
For more information on ZenCash, the white paper is available at: https://zensystem.io/assets/Zen%20White%20Paper.pdf.
About ZenCash
ZenCash is the first and most important initial product in the Zen portfolio. Zen, an evolution of the Zclassic codebase, launched its blockchain on May 30, 2017. Zen provides a privacy and networking infrastructure for secure, anonymous collaboration.
About Welto
For the first time in the United States, Welto offers the possibility of paying bills, such as utilities or the Internet, using cryptocurrency. Welto was launched in August 2017 and has established partnerships with popular transaction services such as Coinbase and CoinPayments. Its built-in money management feature allows users to easily manage their cryptocurrency in one place. More information on Welto at: http://welto.io.
