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April 6, 2020

ZenSports partners with Prime Trust to launch fiat deposits and withdrawals

ZenSports, a mobile peer-to-peer sport betting app, has partnered with Prime Trust to launch fiat deposits and withdrawals via debit card and wire transfers.

Prime Trust is a US-based trust and custody firm, which is a financial infrastructure provider for FinTech Innovators.

By partnering with Prime Trust, customers can deposit and withdraw fiat funds natively within the ZenSports app using their debit card or by making a wire transfer.

Customers do not have to sign up for a separate third-party account outside the app.

ZenSports co-founder & CEO Mark Thomas said: “We felt it was important to give customers in all countries a native experience to transact using fiat without having to sign up for a third-party account.”

“While the ZenSports team believes that cryptocurrencies are the future of money in the betting and sports industries, we recognize the importance of offering fiat currency options to appeal to as many customers as possible.”

Before customers can deposit or withdraw funds using a debit card or wire transfer, a full KYC verification is done on all customers.

How it works

While depositing money, customers have three choices that they can select: SPORTS, Bitcoin, or USD.

USD again has four choices: USDT (Tether), Debit Card, Wire Transfer, or Skrill.

If customers intend to deposit via debit card, they can do so by adding their debit card info on the app.

While using the debit card to transact, customers will receive a four-digit code in their online bank account associated with the card, for verification purposes.

After verifying the card, customers can transact using debit cards.

Customers looking to deposit or withdraw funds via wire transfer can do so by following the unique wiring instructions on their ZenSports account.

When withdrawing funds via wire transfer, they need to provide their bank wiring instructions to process the withdrawal.

Prime Trust technical business relationships & major accounts VP Sean Ristau said: “This is a relationship that will empower ZenSports’ customers with essential financial rails for continued growth as Prime Trust continues to expand available offerings, all of which will be available to ZenSports to offer their customers.”

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