NEO (NEO) and Zeux, a London-based fintech company that allows users to convert their cryptocurrency and pay in just one click, announced a partnership Monday that will bring NEO to popular payment processors including Apple (AAPL) and Samsung Pay.
We are excited to announce our partnership with @neo_blockchain to push #massadoption of #crypto #payment! https://t.co/uQ6gqAyg60@frankjzhou @dahongfei @neoerikzhang @NEO_Foundation @NEOnewstoday #fintech #paytech #cryptocurrency #Zeux
— Zeux (@ZeuxApp) April 29, 2019
According to the announcement, Zeux works by automatically converting digital currencies to fiat via its all-in-one app, which provides a digital bank account on top of a digital wallet address for each user. Zeux claims to be FCA authorized and states that it charges no fees for opening an account, money transfers or transactions.
“We’re delighted to announce that we will be adding NEO to our list of cryptocurrencies,” said Zeux CEO and Founder Frank Zhou. “We believe that NEO is paving the way for a smart economy by giving developers the tools to deploy and scale their own smart contract applications without learning another unique language. This strategic partnership will help us build upon our current infrastructure and expand our service to a larger audience.”
NEO is currently up 1.1% on the day to $9.39, giving the altcoin a $611.1 million market cap and making it the 16th-largest cryptocurrency in the AltDex 100 Index (ALT100).
NEO will be added to the Zeux app on May 7.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.