Coldplay’s star bassist Guy Berryman is backing the Scottish cryptocurrency startup Zumo, which recently launched its new smartphone app.
According to a report by Yahoo Finance, the Edinburgh-based cryptocurrency startup has recently launched a new application for transferring and spending cryptocurrency. The Zumo wallet allows users to store and send bitcoin and ether, in addition to purchasing BTC directly. The wallet also claims to be fully decentralized, giving users control over their private keys.
It’s a short sprint left until our exchange release! It will let you buy and sell bitcoin and ethereum instantly if you have funds in your wallet. If you don’t, we might even send you some for free…
— Zumo (@zumopay) May 21, 2020
Nick Jones, CEO and founder of Zumo, told Yahoo Finance,
Covid-19 has fast forwarded the move to a cashless society and for safe and easy ways to invest in new forms of currency that are more resilient to crises such as this one.
Jones continued, saying that Zumo was created for everyone, including those without bank accounts. He highlighted the importance of “ordinary people” having control over their money, particularly in light of the global economic crisis created by the COVID-19 pandemic.
In addition to Coldplay’s Guy Berryman, the start-up has attracted investment from Murray Capital and the Scottish Investment Bank.
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