ZUMO adds Bitcoin SV to its crypto wallet

Scottish fintech Zumo, just announced that their users can now store and receive the cryptocurrency Bitcoin SV (BSV).

BSV (Bitcoin Satoshi Vision) allows for cheaper transaction fees and increased transaction capacity. The Bitcoin network can process up to seven transactions a second - slower than the networks which power mainstream credit cards. The BSV Scaling Test Network announced that its network had processed 9,000 transactions in one second in January.

After Bitcoin and Ether, BSV is the 3rd cryptocurrency to be supported by Zumo

To celebrate the launch, Zumo has announced a £10,000 worth of Bitcoin SV giveaway.

Any UK resident who opens a new wallet with Zumo, passes ID verification and makes a £1 deposit between 25th June 2021 and 26th July 2021 will be eligible to win the prize of £10,000 in Bitcoin SV (BSV).

Paul Roach, Zumo chief product officer, said:

“We’re excited about offering BSV to our users. Zumo is committed to introducing crypto to new investors and welcoming people from around the world into an emerging global economy that’s both inclusive and borderless. We’re hoping to introduce British crypto investors to BSV as well as attracting new users who have never engaged with smart money before. To anyone who’s considering getting involved in crypto I’d say: we’re here to help.”