Coldplay bassist backs Zumo app that allows buying Bitcoin without a Bank account

posted about 2 months ago
Zumo, an Edinburgh-based tech start-up backed by Coldplay’s Scottish bassist Guy Berryman, launched an app that allows consumers to spend and exchange Bitcoin online. Founder and chief executive Nick Jones said “Covid-19 has fast forwarded the move to a cashless society… Zumo allows people to safely exchange, store, send and use their own money online without needing a bank account.”

Charles Read, a strategist and adviser to blockchain start-ups including Zumo, said: “I have worked with a lot of blockchain companies and the problem has always been around onboarding new users who aren’t technical. Zumo has all the benefits of decentralised technology without the teething problems for new users, that’s why I am really excited to be a part of it. Having traditional and digital currency in one user friendly interface is a huge step forward for the blockchain world.”
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