By On September 17, 2019, IOTA announced that IOTA tokens would be now available in the Zeux App.
On March 21, 2019, the IOTA foundation partnered with Zeus, a payment and banking company. The partnership was geared towards allowing users to make payments using their IOTA tokens to businesses that accept Samsung pay and apple pay. Finally, now the system seems to be live!
IOTA Tokens to Make Purchases
Zeux was set to be launched in Europe in April and later in the US. The company offers a way to bring all financial services together, such as making payments, investments, and banking. Businesses such as grocery stores and coffee shops will be integrated into the system, making it convenient for the IOTA token users. The app company will involve many third-party partners to enable the company to provide all the products to its customers.
IOTA/Zeus Partnership Brings Cryptocurrency Mass Adoption Sooner
There are no fees charged for various services in this app, such as account opening, top-up, and money transfers. This partnership between IOTA and Zeux app is beneficial to the crypto community as it is a step forward towards mass cryptocurrency adoption. When IOTA tokens are used for payment in stores, it brings a lot of convenience to the IOTA community.
This partnership between IOTA and Zeux has brought excitement to both sides. IOTA’s Tangle, the free transaction distributed ledger is a great technology that pushes Zeux a step forward towards their journey.
Apple Pay
Apple Pay is a mobile payment method that makes use of the NFC technology or Near Field communication. You can use apple pay to pay for your purchases in any part of the world that accepts contactless payments. All you need to do is add your card to apple pay, and you make payments with a tap on your phone.
Samsung Pay
Samsung pay uses both NFC and MST (secure magnetic transmission). Samsung pay works with all terminals except for the ones where you are required to swipe a card, in a gas station.
Using both Samsung pay and apple pay ensures your card remains secure through the method of tokenization. A virtual card number is generated; thus, when making payments, the merchant will not see your actual card number. In case of loss, you can remotely wipe your gadget, keeping your card details secure.
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