The cryptocurrency market and its developments have been focused on one end goal, the integration of the cryptosphere with the mainstream market. This goal was given yet another boost by the recent announcement from Qtum, a move aimed at increasing its usage among the general populace.
Qtum announced that users of the cryptocurrency can now use it in transactions through popular payment gateways, Apple Pay and Samsung Pay. The company tweeted,
“Great news! #Qtum holders can now use QTUM to pay at all shops via Apple Pay and Samsung Pay using @Zeuxapp!#fintech #paytech #cryptocurrency #Zeux”
According to the company, the cryptocurrency can be used to trade using the Zeus app, which will then enable the user to link it to their Apple Pay or Samsung Pay accounts. Qtum’s blog post read,
“Zeux reduces the friction of using QTUM in the real world and sticks to the nature of cryptocurrency by providing zero-fees on foreign transactions because blockchain technology is borderless! You can use QTUM wherever Apple Pay or Samsung Pay is accepted with your mobile phone on the Zeux app.”
The company believes that with the latest development, Qtum, which is based on a Proof-of-Stake blockchain, will meet “Point-of-Sale terminals around the world.” After the announcement, Miguel Palencia, the Chief Information Officer of the Qtum Foundation, commented,
“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.”
Qtum’s focus on real-world applications also led them to partner Amazon Web Services [AWS], which according to the Jeff Bezos-led company, “inspired” them to launch a blockchain service that supported Ethereum and Hyperledger.