In an announcement, Netagio, one of the most trusted Bitcoin, GBP, USD and EUR marketplaces, says that from now on the users will have the option of credit & debit card payment for its trading accounts. This is a part of a strategic expansion plan that aims to make it quicker and easier for both institutional and retail investors to buy, sell and trade Bitcoin with GBP, USD and EUR.
The press release from Netagio says that customers from the 114 countries in which the company operates will now be able to deposit funds with their Visa, Visa Electron, Visa Debit, MasterCard, MasterCard Debit or Maestro cards and trade them against Bitcoin at any time and in an instant. With this it wants to expand the payment options for traders.
Netagio is of the view that the credit & debit card payments provide its customers with an additional choice to fund their trading accounts quickly and easily. Though there are the traditional banking deposits, which are subject to one to three day processing times and international banking charges, the latest option will further help the customers.
The company says that the credit & debit card payment options are enabled through Netagio’s recently announced partnership with WalPay, the Isle of Man based Payment Services Provider. WalPay has secured robust banking relationships for Netagio, enabling its customers to deposit funds and receive international payments.
According to the press release from Netagio the banking relationships are authorized and regulated in accordance with the European Payment Services Directive. Nonetheless, the company says that the credit & debit payments options further enhance its strategic decision to launch USD & EUR order books in December 2014.
Extra Security from the Netagio Trading Platform
The company had launched USD & EUR order books in response to customer demand in reflection of the overall Bitcoin marketplace. It saw 27% of all Bitcoin trading occurring in USD markets and 2.5% in EUR markets. Also, retail customers and institutional investors were able to buy and sell Bitcoin for USD and EUR as well as GBP continuously and cost-effectively.
Nonetheless, the customers also get high-end security of Netagio’s peer-to-peer exchange platform. Now, international customers no longer need to make initial deposits in GBP to buy Bitcoin. The company has been able to eliminate any exchange-rate potential cost implications and help the traders quite effectively.
Also, as depositing funds into customer trading accounts comes with the added choice and benefit of being able to use credit & debit card payments, for speed and ease, Netagio expects to further gain new customers.
To contact the reporter of this story: Deepak Tiwari at firstname.lastname@example.org