Press Releases 12 May 2018Press Releases
MovoCash launches new service that converts crypto to cash in minutes
Now Bitcoin and Bitcoin Cash value can be used to fund everyday transactions
PALO ALTO, Calif.–(BUSINESS WIRE)– Imagine paying rent, splitting a lunch tab or buying mom a gift using your cryptocurrency. MovoCash, the creator of MOVO®, a mobile payments platform and app, announces the launch of MovoChain, a web-based service that allows owners of the popular cryptocurrencies Bitcoin and Bitcoin Cash to easily convert crypto to ready-to-spend cash in an FDIC-insured prepaid account. This service is available to anyone in the United States with an email address or phone number; and funds become available in minutes.
“The popularity of cryptocurrency is on the rise, and until now, crypto owners have gone through a cumbersome process to convert it into currency to use in everyday transactions,” says Eric Solis, CEO of MovoCash. “MovoChain enables Bitcoin/Bitcoin Cash value to be sent and loaded to MOVO and then used at the point of sale via a real-time digital debit card which can be instantly provisioned to Apple Pay, Google Pay or Samsung Pay.”
With the launch of MovoChain, MovoCash offers a link between the $400 billion global cryptocurrency market (Coinmarketcap.com) and the $927 billion U.S. digital payments market (Statista) through its virtual banking platform, while granting customers access to a flexible payments app.
“Using world-class gateway technology for conversion, MovoChain is a one-of-a-kind interoperability bridge connecting Bitcoin/Bitcoin Cash directly to the cash system used in everyday transactions like person-to-person transfers, bill payments or payments with a linked MOVO Visa debit card,” adds Solis.
Bitcoin and Bitcoin Cash owners can convert crypto to cash by visiting movochain.com.
Tweet: MovoCash Launches New Service that Converts Crypto to Cash in Minutes http://movochain.com #bitcoin #fintech #cryptocurrency @MovoCash
About MovoCash, Inc.
Founded in 2014, MovoCash, Inc. is a California-based mobile payments company that offers a popular robust mobile virtual banking app, MOVO. MOVO empowers customers to instantly send and spend money right from a mobile phone, even without a bank account. Unlike major competitors, MOVO accounts are FDIC insured and offer unique fraud protection features like MovoCoin which provides an instant digital VISA debit card that protects a user’s primary banking information. For more information, visit http://movo.cash.
Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.
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