Payza now supports additional 50 Bitcoin alternatives

Big update of worldwide payment processor
22 June 2017   1836
Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks.

A well-known payment processor, Payza, today announced that 50 different Bitcoin alternatives are now added to its Cryptocurrency Exchange.

Now Payza allows verified users, through their e-wallets, to exchange their Ethereum, Ripple, Litecoin, Dash, Monero, Zcash and other cryptocurrencies into US dollars which can be sent to their prepaid cards.

According to official website, Payza has over 9 million clients in 197 countries and 21 different currencies. It includes support of e-commerce processing, corporate disbursements and remittances.

Full Bitcoin support by Payza was announced last month. Now customers are able to buy and sell Bitcoin, merchants can accept Bitcoin as a payment option, and all verified Payza account holders can have Bitcoin within their e-wallets.

The company has big plans to provide a one-step cryptocurrency loading option. This allows clients to load their prepaid cards from Bitcoin or altcoin exchanges in just one action.

Payza began limited bitcoin support for 190 countries in 2014. It became more popular when Charlie Shrem, a popular Bitcoin enthusiast who was sentenced to two years in prison for funneling bitcoins to Silk Road, consulted the company how to integrate bitcoin while he was under house arrest.

According to the mass media, Firoz Patel, Payza’s CEO commented that Payza is committed to providing its members with a complete online payments and e-commerce solution.

Crypto Billionaire to Lost 5.5k BTC Due to Fraud

Thai scammers convinced 22 yo Finnish crypto billionaire to invest in their 'investment' scheme
13 August 2018   273

The 22-year-old cryptocurrency millionaire lost more than 5,500 bitcoins after taking part in the investment scheme in Thailand. The case attracted public attention because of the possible participation of a Thai actor. This is reported by Bangkok Post.

A group of scammers in June 2017 persuaded Finnish businessman Aarni Otawa Saarimaa to invest in several Thai securities, a casino in Macau and a crypto currency called Dragon Coin.

Scammers claimed that Dragon Coin could be used in Macau casinos. In addition, they brought Saarimaa to this casino to demonstrate the legitimacy of their project. Saarimaa transferred 5 564 BTC to fraudsters.

In January, without receiving any income for his investments, Saarimaa filed a complaint with the Crime Suppression Division's (CSD), along with his local business partner, who believed that this investment scheme was fraudulent.

CSD began to investigate the case and stated that the group made no investment for Saarimaa, instead transferring all the bitcoins to Thai baht and placing these funds on seven bank accounts.

Although it is not clear when exactly the scammers sold the bitcoins, CSD announced that they raised about 800 million baht or about 24 million dollars.

Then followed a months-long investigation, according to which CSD began to suspect that the Thai film actor Jiratkisit "Boom" Jaravijit also took part in the fraudulent scheme - he was arrested last Wednesday.

In addition, the CSD stated that it suspects the actor's brother, Princess Jaravijit, as the "instigator" of this entire scheme. He left Thailand, traveling to South Korea, and then to the United States. According to the Bangkok Post, CSD is currently working with the US to track him down.