Digital wallet platform Spend.com announced on Wednesday it has formed a new partnership with Evolve Bank & Trust. The company reported the collaboration will help grow and strengthen the communities in which both companies serve and provide fresh and exciting products.
“Spend.com is solely committed to its clients and the communities they serve by including cryptocurrency banking and offering Spend’s users USD accounts with FDIC insurance up to applicable limits. With ever-mounting changes within the financial industry, Spend is ever-evolving to help provide its clients with new and innovative products and offerings that are compliant and secure”
As previously reported, Spend.com is on a mission to create a universal bank account that merges cryptocurrency to fiat. The platform offers financial service product suite, Spend Wallet, Spend App, and Spend Card that gives users a solution to spending through a multi-currency digital wallet.
“Our goal is to make sure we meet all elements necessary to create a global solution with a brand users can trust, a design that is easy to use, and software that gets the job done.”
Over the summer, Spend.com formed a partnership with Paxos to enable cryptocurrency payments. Spend.com reported that through the partnership it has integrated the itBit by Paxos cryptocurrency exchange into its platform.
“This integration allows users to easily spend their digital assets without having to move their cryptocurrency off exchange platforms. The itBit exchange is a safe, secure and fair-trading venue with oversight from the New York Department of Financial Services (DFS). Paxos has also implemented best-in-class blockchain monitoring software to protect its users and their assets.”
Spend.com’s mobile app currently supports more than 16 Cryptocurrencies and 27 Fiat Currencies.