LONDON, June 21, 2017 /PRNewswire/ -- Payza, an award-winning global payment platform, today announced that it has expanded its Cryptocurrency Exchange to include the most popular Bitcoin alternatives. In the majority of the countries where Payza is available, verified Payza members can now sell Ethereum, Ripple, Litecoin, Dash, Monero, Zcash and dozens of other cryptocurrencies to Payza, which will be exchanged to US Dollars in their e-wallets and can subsequently be loaded onto their Payza Cards—currently the simplest way to use their altcoins online, in-stores, or withdrawn from most ATMs as USD.
"Payza is committed to providing our members with a complete online payments and e-commerce solution, and that means incorporating Bitcoin along with the other most popular cryptocurrencies into our platform," said Firoz Patel, Payza's CEO. "Giving our members the option to sell altcoins to Payza is one more step in the direction of complete Bitcoin and altcoin support within the Payza platform, and another step closer to developing a robust and inclusive global payments system."
Last month, Payza announced full Bitcoin support, enabling members to buy and sell Bitcoin, merchants to accept Bitcoin as a payment option, and all verified Payza account holders to hold Bitcoin within their e-wallets. With this expansion of its Cryptocurrency Exchange, Payza has added altcoins as a deposit option, allowing verified members to sell the most popular Bitcoin alternatives. The full list of over 50 different altcoins can be found by accessing the altcoin deposit option within a member's Payza Account.
As the altcoin exchange service develops, Payza members will also be able to buy altcoins from Payza, similar to the current method of buying Bitcoin through Payza. The global payments platform is also working on a one-step Payza Card cryptocurrency loading option: members with a Payza Card will soon be able to load their prepaid cards from Bitcoin or altcoin exchanges in just one action, bypassing the need to first send those funds to a Payza Account, and then load them onto the card.
Payza began offering cryptocurrency services to account holders in 2014 with the introduction of Bitcoin Withdrawals, which enabled Payza account holders to purchase Bitcoin online and transfer them to an online Bitcoin wallet. Within three months, Payza then introduced Bitcoin Deposits, an equally simple way to exchange Bitcoin into USD within their Payza e-wallets.
In May 2015, Payza launched a Bitcoin payment option for merchants to be able to accept Bitcoin as payment for their products or services. In this first iteration, payments received as Bitcoin were immediately converted and settled in USD within a Payza merchant's account to help avoid the risk associated with Bitcoin's volatility.
In May 2017, Payza unveiled its full Bitcoin support by enabling all verified members, both personal and business account holders, the option to hold Bitcoin within their e-wallets and exchanges them as they would a fiat currency.
To learn more about Payza's new altcoin services, visit the Payza Reference Center: How Do I Add Funds by altcoin?
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.
Apothecary Communications for Payza
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