MOVO® Launches MOVO Chain®, Upends Crypto Send and Spend

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PALO ALTO, Calif.–(BUSINESS WIRE)–Jul 27, 2021–

MovoCash, Inc., a California-based Fintech firm, at present introduced the launch of MOVO Chain® by MOVO®. This expertise is a cryptocurrency-to-cash (C2C) and peer-to-peer (P2P2P®) interoperability resolution that upends cryptocurrency sending and spending through the use of a patent-pending blockchain resolution to shortly convert saved worth held in cryptocurrency into fiat foreign money (United States Greenback) within the type of P2P2P® digital money tokens on a debit card.

“MOVO Chain® offers crypto to USD hybrid programs to create off-ramps for crypto customers to have the ability to ship it to others, spend, and have it land on a Debit Mastercard® for on a regular basis residing bills,” stated Eric Solis, CEO and Founding father of MovoCash, Inc. “We see this as an amazing alternative that makes use of Bitcoin and Fiat foreign money hybrid to bridge the normal saving and checking mannequin. With MOVO Chain®, customers can use Bitcoin and different main cryptocurrencies as their long-term financial savings and Fiat for his or her day-to-day funds.”

“We’re proud to associate with MOVO who continues to ship revolutionary and frictionless fee choices on this quickly rising business,” stated Eric Sprink, President and CEO of Coastal Group Financial institution. “MOVO Chain equips MOVO clients with a one-of-a-kind resolution that permits them to transform and ship money worth from their bitcoin or different cryptocurrency holdings, seamlessly.”

Cryptocurrency customers situated in the USA can convert and ship/spend money worth through debit card to anybody with an e-mail tackle or cellular quantity. This one-of-a-kind resolution creates a hybrid mannequin that provides customers spendable crypto. To be taught extra go to www.movochain.com.

About MovoCash

MovoCash, Inc. is a monetary expertise firm and creator of MOVO Chain® and MOVO ON-DEMAND Cell Banking with Finish-to-Finish CONTACTLESS Funds. MOVO affords world-class digital banking, fee and blockchain options, buyer help, safety, comfort, low charges, quick transactions, visibility into spending, in a single app. Banking companies for MovoCash are offered by Coastal Group Financial institution, Member FDIC. Your MovoCash accounts are insured as much as $250,000 per depositor by Coastal Group Financial institution, Member FDIC. Obtain the MOVO App™ on the App Store or Google Play. For added data, please go to movo.cash.

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CONTACT: Amanda Meglio

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KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES TECHNOLOGY OTHER TECHNOLOGY FINANCE SOFTWARE BANKING

SOURCE: MovoCash, Inc.

PUB: 07/27/2021 09:00 AM/DISC: 07/27/2021 09:02 AM

http://www.businesswire.com/news/home/20210727005318/en

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