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ZUMO introduces BTC SV (BSV) to its crypto wallet & launches £10’000 worth giveaway 3 min read June 24, 2021 cryptheory Users of Edinburgh-based wallet and payment platform can now store and receive BTC SV – its third cryptocurrency.
June 24th 2021, Edinburgh – Zumo , the digital wallet and payments platform, has announced that its wallets can now be used to store and receive the cryptocurrency BTC SV (BSV).
BSV (BTC Satoshi Vision) emerged from a hard fork of BCH (BTC Cash), which itself emerged after a hard fork of BTC (BTC).It is an extension of the same original blockchain, with some amendments that have targeted the dual benefits of cheaper transaction fees and increased transaction capacity.
The name comes from its supporters’ belief that BSV aligns with the original vision of Satoshi Nakamoto, who first published the white paper explaining BTC.
It is the third cryptocurrency to be supported by Zumo, which offers non-custodial wallets that can hold or trade Ether and BTC.Zumo users will now be able to hold and receive BSV.
Created in 2018, BSV aims to scale transaction capacity and thereby provide a scalable BTC solution.
The BTC network is currently capable of processing up to seven transactions a second – slower than the networks which power mainstream credit cards.
In January 2021, the BTC SV Scaling Test Network announced that its network had processed 9,000 transactions in one second.
£10,000 worth of BTC SV giveaway to celebrate Â
To celebrate the arrival of BSV to the Zumo wallet and help to welcome new people to the crypto economy, Zumo is launching a £10,000 worth of BTC 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 BTC 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.”
ABOUT ZUMO
Available for download on both iOS and Android app stores, Zumo is a super secure and easy to use cryptocurrency wallet that allows anyone to buy, sell, store, send and spend BTC, Ether and traditional British pounds.Zumo can also store or recieve BSV.
Founded in Edinburgh in 2018 by entrepreneurs Nick Jones and Paul Roach, Zumo is a purpose-driven Fintech business with transparency, accessibility and financial inclusion at its core.Â
With 1.7 billion adults around the world unbanked and without access to modern financial services.

Zumo brings the benefits of cryptocurrencies and blockchain to people everywhere.
Zumo supports WasteAid, is a member of CryptoUK and is a signatory of the Crypto Climate Accord and the UN Global Compact.
Zumo is a purpose-driven Fintech business with transparency, accessibility and financial inclusion at its core.It is inclusive, transparent, committed and adventurous.

You can read more about the four values Zumo lives by on its Purpose page .
New to BTC? Check out CoinGeek’s BTC for Beginners  section, the ultimate resource guide to learn more about BTC—as originally envisioned by Satoshi Nakamoto—and blockchain.
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