- By Pierre-Alexandre
March 18th, 2019
QTUM has been making some important moves over the past few weeks, and it is now available to be used on Apple Pay and Samsung Pay terminals in the UK and Europe.
What is QTUM?
QTUM is a cryptocurrency that wants the best of both worlds in that it was created having Ethereum’s smart contract features and Bitcoin’s security. The combination of these features is to ensure that the cryptocurrency is suitable for use by large businesses and organizations.
The crypto is the first UTXO-based smart contract platform that makes use of the PoS consensus mechanism. This implies that QTUM collects unspent coins from several transactions into a user’s wallet and chooses the next creator node while considering the number of coins in possession of each node. Qtum is also based on Decentralized Governance Protocol (DGP).
Zeux partnership with QTUM leads to big things
On March 14, Zeux, a fintech banking app solution, revealed that it had added QTUM to its platform and its payment wallet, making it possible for users to spend the cryptocurrency at multiple point-of-sale terminals including those of Apple Pay and Samsung Pay. This latest development is a huge win for the crypto sector as it sees QTUM being used for real-world payments.
London-based Zeux is regulated by the FCA, with its app offering a wide range of banking tools to customers and allowing them to pay for goods and services using either fiat currencies or digital currencies.
The Zeux cryptocurrency products are now available to its customers in the UK and Europe. However, those in the US will have to wait a little longer before using QTUM via the payment app.
According to QTUM’s chief information officer, Miguel Palencia, the partnership between the two companies would increase the utility of QTUM coin. Palencia praised Zeux for creating a seamless app that enables people to pay for goods and services using cryptocurrencies.
The integration by Apple Pay and Samsung Pay will see QTUM accepted by thousands of retailers including the popular ones such as Starbucks, Macy’s, Nike, and many more. The founder and CEO of Zeux in his comment stated that they are excited to add QTUM to their platform as they believe it would be one of the cryptocurrencies to achieve massive adoption over the coming years:
We're excited to announce that #Qtum holders will be able to use Zeux to spend QTUM at all shops that accept Apple Pay and Samsung Pay! 😃@qtumofficial @PatrickXDai @frankjzhou @MatthewRoszak @mikeqtum https://t.co/Er4sBk1vAU#fintech #paytech #cryptocurrency #Zeux— Zeux (@ZeuxApp) March 14, 2019
The price of QTUM has gone up slightly over the past few hours, rising by 1.5 percent against the US Dollars. However, it has recorded massive gains over the past month, increasing by more than 30 percent during that period.