ZoidPay, a platform that allows users to shop anything from anywhere using cryptocurrency, is collaborating with Fetch.ai, the world’s first adaptive, self-organizing, and open-source ledger powered by artificial intelligence, as per details of a recent press release.
Following the announcement, ZoidPay will support FET, the native currency of the global Fetch.ai ledger, allowing users to shop for goods and pay for services using the liquid digital asset. The partnership is one of the first few as Fetch.ai plans to release more customer-facing applications in 2022. Commenting, Humayun Sheikh, the CEO and Founder of Fetch.ai, said:
“We are enabling FET token holders the means to use their FET token as a mode of payment wherever they wish to. With our plans to launch many consumer-facing applications this year, this partnership with ZoidPay will help fetch.ai achieve mass adoption for FET tokens, as token holders will be able to pay in FET for a range of services we plan to release this year. We are looking forward to working with the ZoidPay team and bringing more utility for FET holders.”
Pay Using FET in over 100 Million Points Accepting Visa
ZoidPay plans to extend its market share and crypto liquidity provision solution by tapping into the global holding base of FET. On the other hand, while ZoidPay’s user base expands, FET users would securely and conveniently pay for goods and services through the platform’s easy-to-use and freely downloadable browser plugin, helping drive global adoption.
Eduard Oneci, the Founder of ZoidPay, said the decision to join forces would open up FET to over 100 million retailers accepting Visa cards.
“Fetch.ai has been focusing on enabling mass adoption of its FET token. When the team at Fetch.ai approached us recently to discuss potential liquidity solutions, the ZoidPay Chrome Extension was a natural fit. The FET token can now be used as a mode of payment across over 100 million online retailers. I’ve been following Fetch.ai for a long time and have been really excited about what it’s achieved in a very short time span. I look forward to working with the Fetch.ai team and bringing newer and innovative liquidity solutions to their platform.”
As of early Q2 2022, FET had a market cap of over $295 million and is one of the most actively traded coins, listed on various reputable and regulated cryptocurrency exchanges like Coinbase, Binance, and Gemini.