UK-based Bitcoin exchange Netagio, announces the launch of its credit and debit card payment options for trading accounts, enabling users to deposit funds using their Visa, Visa Electron, Visa Debit, MarterCard, MasterCard Debit, or Maestro cards, and trade them in exchange for bitcoins.
The newly announced credit and debit card payment options are part of Netagio's strategic expansion plan, which aims to make it quicker and easier for both institutional and retail investors to trade Bitcoin with GBP, USD and EUR, the company stated in an announcement.
The new funding options are enabled through Netagio's partnership with WalPay, a strategic move announced in late September 2014. WalPay, an Isle of Man-based payment services provider, secured robust banking relationships for Netagio, and enables the company to add popular payment networks Visa and MasterCard among the funding methods made available to Netagio's users.
Operating in 114 countries, UK-based Netagio launched its USD and EUR order books in December 2014 in response to customer requests. CEO Simon Hamblin stated:
"Our customers will always be our number one priority. We recently expanded our order books to USD and EUR in response to customer feedback and now also offer a choice of payment methods, with our new credit & debit card payments in addition to the traditional banking payments. The US and Europe are the largest markets for Bitcoin trading, after China, and as such present a great opportunity for retail and institutional investors wishing to access these markets."
Netagio said it has a rigorous approach to operational controls and compliance, notably AML and KYC, and already adheres to the European Payment Services Directive (2007/64/EC).
In late September 2014, the company became the industry's first to receive an ISAE 3000 standard for the safety and security of its offline Bitcoin storage. Conducted in May 2014 by leading independent accounting and auditing firm BDO LLC, the distinction attested that Netagio is in compliance with standards set out by the International Auditing and Assurance Standards Board (IAASB).
Last week, Elliptic, an enterprise services company focusing on digital currency, received ISAE 3402 accreditation from "Big Four" KPMG. The accreditation was defined as an "important milestone" for the company and demonstrates Bitcoin's growing legitimacy to the traditional financial sector.
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