Payza Commits to Cryptocurrency: Unveils Full Bitcoin Services, Introduces Altcoin Exchanges – CoinDesk

The global online payment processor launches comprehensive Bitcoin services and altcoin funding options for more than 50 Bitcoin alternatives

Payza, the award-winning global online payment platform, announced a new range of unique cryptocurrency features to the online payment processing and international remittance space. Payza e-wallets are now fully functional as a Bitcoin wallet, providing members the option to buy, sell, exchange, send, receive, and hold Bitcoin all within a Payza account. Additionally, the Payza platform allows for over 50 altcoins to be exchanged to fiat currency, letting members easily sell Ethereum, Ripple, Litecoin and dozens of other cryptocurrencies.

"We were among the first online payment platforms and e-wallet providers to embrace Bitcoin back in 2014," said Firoz Patel, Payza global executive vice president. "Even then we recognized the important role Bitcoin was set to play in e-commerce and international remittances. The ultimate goal was to provide our members a secure option to store their bitcoins in their Payza accounts. So we mapped out a set of incremental steps to accomplish that goal. Today, we have fulfilled our promise to our members and are now able to treat Bitcoin like any other currency we deal with."

Merchants who use Payza to process online payments now also have the option to receive Bitcoin as payment for their products and hold Bitcoin in their accounts, or to receive Bitcoin payments that are automatically converted to fiat currencies, such as US Dollars, Euros and Pounds.

Were very excited about these new features because it positions Payza as one of the best options for Bitcoin neophytes who are ready to experiment with cryptocurrencies, explains Firoz Patel, Payzas CEO. We wanted to provide a worry-free way for our members to exchange and hold Bitcoin, so we developed this service specifically for people who are interested in Bitcoin but are intimidated by the security risks and technical knowledge seemingly required to use them.

Along with these complete Bitcoin services, Payza is also turning their attention to other cryptocurrencies. The company now accepts more than 50 altcoins for exchange. Alongside Ethereum, Ripple, and Litecoin, Payza members can sell dozens of other popular Bitcoin alternatives, such as Dash, Monero, and Steem, with proceeds settling as US Dollars within their accounts.

Adding altcoin deposit options sets us on track to launch full cryptocurrency exchange services. Current and future crypto-enthusiasts will be able to exchange dozens of cryptocurrencies, not just Bitcoin, within their Payza accounts. We will also be enhancing our Payza Card service to enable Payza members a one-step process to use Bitcoin and other cryptocurrencies to instantly load their prepaid cards, said Patel.

The next offering expected from Payza is a streamlined Payza Card loading process for Bitcoin and altcoin. Under the current set up, members can already load their Payza Cards with funds received by selling Bitcoin or altcoins, but they must wait for those funds to settle and then manually load the cards. The new process will eliminate this step and direct those funds directly onto the Payza Card.

The Payza Card is a MasterCard branded prepaid card that can be loaded with US Dollars. Payza Cards are accepted online, in-stores, and at most ATMs. The one-step loading option will make the Payza Card one of the fastest and most convenient ways to convert Bitcoin and other cryptocurrencies into spendable cash.

About Payza Payza is an award-winning payments technology company. The highly secure platform provides businesses and consumers around the world with practical solutions for processing online payments. Payza supports 26 currencies and serves over 13 million members in more than 190 countries.

Payza serves traditional and emerging markets, providing a wide range of built-in tools including: Online payment processing, online global money transfers, fraud screening, subscription billing, transaction dispute resolution, cryptocurrency exchange services, and global payouts.

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Payza Commits to Cryptocurrency: Unveils Full Bitcoin Services, Introduces Altcoin Exchanges - CoinDesk

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