CoinZoom has secured a crucial Virtual Asset Service Provider (VASP) license in Latvia, enabling the U.S.-based fintech platform to operate across the European Union under MiCA-aligned regulations. This strategic move positions the company to bring its popular crypto Visa debit card to European consumers, potentially transforming how Europeans interact with digital assets in everyday transactions.
The company’s VASP license achievement comes amid remarkable growth in its existing international card program. Since launching in November 2024, CoinZoom has seen a 127% increase in users across 48 countries, with nearly half of cardholders choosing to spend cryptocurrency for daily purchases ranging from groceries to travel bookings.
“This regulatory milestone makes CoinZoom one of the few U.S.-based financial platforms to hold both American regulatory approvals and a European VASP license,” noted Todd Crosland, Founder and CEO. “We’re thrilled to have secured our European VASP license. This marks a pivotal step in our mission to provide regulated and secure services to customers throughout Europe.”
A comprehensive financial ecosystem
CoinZoom has established itself as more than just a crypto exchange. The U.S.-based financial platform enables users to send, spend, save, and invest without traditional barriers. Its infrastructure supports multiple funding options including Apple and Google Pay, debit and credit cards, and instant cash deposits at various retail locations across the United States.
CoinZoom card on a table
At the heart of CoinZoom’s offering is ZoomMe, its international peer-to-peer payment system that serves customers in 169 countries. This unique cash-to-crypto ecosystem allows users to deposit and send both fiat and cryptocurrency globally without fees—effectively saving millions in remittance costs. The company’s multi-layered security approach is backed by decades of financial technology security experience, with SOC2 Type II Certification demonstrating its commitment to protecting customer data and funds.
Rewards-driven adoption fueling growth
The appeal of CoinZoom’s offering extends beyond mere convenience. Cardholders can earn up to 5% back in cryptocurrency on every transaction, with users averaging over$50 monthly in crypto rewards. This incentive structure has helped drive consistent adoption rates since the program’s launch.
The company has already begun the formal application process for its full Markets in Crypto-Assets (MiCA) license, which would further strengthen its regulatory position in Europe. Once fully implemented, European customers will gain access to CoinZoom’s complete platform, including crypto trading capabilities, free instant remittances, and the Visa card program that enables spending at over 130 million merchants and 1 million ATMs globally.
As a U.S. registered Money Services Business with FinCen and a Money Transmitter operating in 46 states, CoinZoom brings substantial regulatory credibility to the European market. With subsidiaries already established in Australia and Ireland, the company’s EU expansion represents a natural progression in its global strategy to bridge traditional finance with cryptocurrency innovation.
