Bitstamp partners with Masterpayment

Now cryptocurrencies process become fast, secure and convenient
23 November 2017   673

The global digital currency and Bitcoin exchange in the EU Bitstamp concluded an agreement with Masterpayment which specializing in the requirements of the new cryptocurrency markets. This agreement is about credit card processing and acquiring of cryptocurrency purchases. Now all operations will be faster and customers will have more convenient transactions with the high-caliber security.

Here at Bitstamp, we’ve always sought to make access to digital currencies as safe, simple and secure as possible. That’s why we are excited about our partnership with Masterpayment, which is ideally positioned to help us follow through on these goals.

 

Miha Grčar

Head of Business Development at Bitstamp

The customers of Bitstamp can buy bitcoin (BTC), litecoin (LTC), ether (ETH) and ripple (XPR) with USD or EUR using Visa and Mastercard credit or debit cards. These transactions fees will decrease from 8 percent to 5 percent.

In the past months, Bitstamp announced about ether’s launching on its trading platform, and about partnership with Swissquote to offer trading of bitcoin by the online bank’s platform, and making generated new addresses of bitcoin at Bitstamp Segwit compatible.

BitPay to Receive New York's BitLicense

Having received BitLicense, BitPay can now conduct business with New York-based companies and consumers
17 July 2018   108

The well-known cryptocurrency processing service BitPay obtained a license to work with virtual currencies in the state of New York. Known also as BitLicense, this license is issued by the New York Department of Financial Services (NYDFS) and grants its holders the ability to conduct activities related to cryptocurrencies in the state.

NYDFS has carefully studied the company's application, including its policy on measures to combat money laundering, customer identification, fraud prevention, cybersecurity. The financial situation of the company was also thoroughly analyzed.

New York state has one of the strictest policies around businesses involved in cryptocurrency and working through the approval processes to obtain a License was important to BitPay. We believe this hard work will pay off as New York presents significant business opportunities for BitPay.
 

Stephen Pair

CEO, BitPay

Having received BitLicense, BitPay can now conduct business with New York-based companies and consumers: the first will be able to use the company's processing services to accept payments in Bitcoin and Bitcoin Cash, the latter will pay for various goods and services using these two BitPay supported cryptos.

Note that BitPay was only the eighth company that received BitLicense. Other license holders are Square, Xapo, Genesis Global Trading, bitFlyer USA, Coinbase, Ripple and Circle. In addition, special permissions for operations with crypto-currencies are exchanged by Gemini and itBit.