Payglobal users can now convert cryptocurrency to use on Visa

By Olivia Minnock
Share
Payment solutions provider Payglobal is now offering users the ability to change cryptocurrency into fiat currency, i.e. government backed legal tender...

Payment solutions provider Payglobal is now offering users the ability to change cryptocurrency into fiat currency, i.e. government backed legal tender.

The service is being made available in the EU, Australia, Mexico, Nigeria and Singapore, and will include Bitcoin and Ethereum – however, CEO Giora Tal told news.bitcoin.com that other cryptocurrencies will be added in the future, and the firm will also look to expand the service geographically.

SEE ALSO:

Tal stated: “Converting cryptocurrency to fiat money and sending it to your existing bank card through our regulated e-wallet platform provides customers with a quick and easy way to access their funds worldwide.”

Users can register for the service through a process involving an ID card, mobile number and proof of address. They will then be able to make cryptocurrency payments in order to withdraw fiat currency via a Visa card.

Payglobal is based in the UK and offers end-to-end solutions to receive and send funds through banks, cards and alternative payment methods. Transactions can be monitored online.

 

Share

Featured Articles

FIS Raises Outlook After Strong Q3 Growth in Fintech Revenue

Financial technology provider FIS reports 4% revenue increase to $2.6bn and boosts share buyback programme following sale of Worldpay stake

Why Leading BNPL Fintech Affirm has Staked UK Claim

US BNPL fintech Affirm targets expansion beyond North America as regulators worldwide increase scrutiny of instalment lending

How Worldpay & Klarna will Integrate Global Payment Systems

Payment processor Worldpay adds buy-now-pay-later pioneer Klarna as standard checkout option for merchant network in response to digital wallet growth

Why Major Crypto Firms are Betting $10m on Telegram’s TON

Crypto

How Nvidia Solutions are Powering AI Fraud Detection

Tech & AI

Why Citi has Tapped Google Cloud for Tech Transformation

Tech & AI