Payza to bring 190 countries into bitcoin transacting mode

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Bitcoin users now have another key payment processor at their disposal.

Payza, a leading online payment processing service provider, in an announcement stated that it will now allow its customers located in over 190 countries to purchase bitcoins through bank transfers.

Payza officially stated that, “our first step into the exciting space of cryptocurrency, currency that exists solely in the digital world. At Payza, we’re very interested in bitcoin and cryptocurrency, and we have big plans to expand the way bitcoin can be used on our platform.”

Focus on merchant clientele

For Payza the focus is to be the strongest platform for new merchants and business clientele who are interested in building bitcoin-based transactions augmented by traditional payment systems.

This would differ from the services line-up offered by other popular payment processors in the cryptocurrency world, namely BitPay and Coinbase.

Payza will allow merchants to have both conventional payment options such as credit card along with bitcoins. Payza would remain the single-point company the merchant will have to interact with regardless of the type of payment his client chooses to pay in.

Payza’s 2% charges for bitcoin purchase

The payment processor has indicated that, though there would be no charges to deposit funds, but merchants will have to shell out 2% service charges towards purchase of bitcoins made via Payza. The prices of the bitcoin are confirmed or ‘locked-in’ at the time of purchase and the actual withdrawal possible within 3 days from date.

Business consultant for Payza, Shrem, stated that Payza is “drastically bringing down the price of remittances – 2% total end-to-end. We’re going to be adding the ability to send deposit in bitcoin as well, so you can move bitcoin between accounts and it won’t cost anything.”

Payza’s reach, which transcends the globe, will ensure bitcoin buying and transaction become more mainstream and accessible by non-bitcoin users as well!

To contact the reporter of this story: Deepak Tiwari at deepak@forexminute.com

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Deepak Tiwari, a law graduate, has been working as a journalist for six years now. He currently writes on Bitcoin, economic, and Forex related news at ForexMinute, the brand new financial news portal which is making waves among Forex traders around the globe for the innumerable Forex resources it offers for readers, traders and brokers. His other specialties include writing on law & governance, finance, internet marketing, careers, politics, international relations & diplomacy, etc.