Zeux, an FCA regulated payments app has announced their support for IOTA. Users will be able to use MIOTA tokens as a payment method, with merchants accepting Apple (NASDAQ:AAPL) Pay and Samsung (KS:005930) Pay.
Zeux, a cryptocurrency and general banking services app, has announced that they have teamed up with the IOTA Foundation. The partnership is to create a system that will facilitate users being able to use MIOTA tokens as a payment method, with merchants that accept Apple Pay and Samsung Pay.
The IOTA Foundation founder and co-founder David Sonstebo said:
“This partnership with Zeux will provide a significant convenience benefit for IOTA ecosystem. We are very excited for this. Now IOTA digital currency can be used as payment with merchants that accept Apple Pay and Samsung Pay. By combining existing technology with another form of currency, this is a big step forward towards the adoption of crypto for the masses.’’
Elsewhere, the founder and CEO of Zeux commented on the announcement:
“Zeux is very excited about partnering with the IOTA. As a distributed ledger with zero transaction fees, The Tangle is a very promising chain for us to build our customer data dApp. This marks another step forward in our journey. We look forward to working with IOTA and giving their customer base even more financial freedom.”