Payza to support 50 crypto currencies @BlockRush

Payza is UK based global online payment processor and digital wallet operator with over 12 million members, support for upto 26 currencies and active operation in 190 countries. Paypza has mobile apps for iOS and Android.

In a press release, Payza has announced it will provide full support for Bitcoins while increasing support for the exchange of upto 50 other crypto currencies including Ethereum, Ripple, Litecoin, Dash, Monero, and Steem!

This move will not make Payza the first major digital wallet operator to support Bitcoins as both Payza and Paypal already partially support Bitcoins. Howeve this timer, Payza would has gone further into its commitment to crypto currency by supporting the exchange of upto 50 cryto currencies.

When it come to #Bitcoins, Payza intends to give it an equal footing with fiat currencies, and will offer complete support for Bitcoin in every that it does for fiat currencies.

 "We were among the first online payment platforms and e-wallet providers to embrace Bitcoin back in 2014," said Firoz Patel, Payza global executive vice president.

Payza merchants can now accept payment in Bitcoins which they can instantly convert to multiple fiat currencies including the US Dollars, Euros and Pounds.

Users will be able to convert their Bitcoins and other alt coins to USD and then load it to the Payza prepaid cards which is accepted online and at all ATMs globally. However Payza plans to further streamline this process so Bitcoins and other alt coins could be directly converted to USD on the Mastercard.

Steemian Talk:

• Are you a user of Payza? What do you think of the initiative of Payza?
• Is Payza simply trying to adapt to be able to survive the likes of Coin Base, Bit Pay and even Paypal?
• Being a heavily regulated financial institution, will Payza compromise the privacy of its users?
• By offering support for the exchange of 50 crypto currencies, is Payza trying to becoming a crypto currency exchange?
• Payza will support #Steem! Would you consider using Payza for your #Steem exchanges?
• Is Payza's exchange a threat to ShapeShift, Local Bitcoins and other crypto currency exchanges?

Tell us what you think in the comment below!

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