BITCOIN FURTHER INTEGRATION WITH PAYZA

Updated: 04/07/2015 13:03
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bitcoin further integration with payza
A bit more than six months ago Payza opened the opportunity to buy Bitcoins for the members using the funds on Payza accounts. That was an...
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A bit more than six months ago Payza opened the opportunity to buy Bitcoins for the members using the funds on Payza accounts. That was an...

A bit more than six months ago Payza opened the opportunity to buy Bitcoins for the members using the funds on Payza accounts. That was an introduction of this e-currency to the world of cryptocurrencies. Some weeks after the announcement the option allowing to sell Bitcoins to Payza was introduced.

The initiatives received lots of positive feedback from the Payza members. Customers from over 100 countries are now completing Bitcoin transactions using Payza system. The customers seem to be delighted with the opportunity provided at Payza. On that occasion Payza authorities are happy to announce that is just the beginning of a long run of cooperation between Bitcoin and Payza. The details about the future development of integration Bitcoin with Payza have been explained by Firoz Patel, Executive VP of Strategic Partnerships and Corporate Affairs:

"The ultimate goal is to give our members a secure option to store their bitcoins in their Payza accounts, but we are working towards that goal in incremental steps. First we gave our members a way to buy Bitcoin directly from Payza, then we gave them a way to sell Bitcoin to us, that's where we are currently. Our aim is to be able to treat Bitcoin like any other currency we deal with, that means letting members hold Bitcoin in their Payza accounts, and letting them send and receive bitcoins through our network, but we're not there yet. That said, we have no intention of slowing down the adoption of Bitcoin services on the Payza platform."
   
Right now the new Bitcoin payment tool is being tested by Payza engineers. Once it is available all Payza merchants will be able to accept Bitcoin transactions both from members and non-members. That is another step to developing a full integration of Bitcoin with Payza. In that aspect Mr. Patel said the following: "Our next step is to give our merchants a way to process Bitcoin payments, while receiving funds in the currency of their choice. This gives our merchants wider access to customers, it gives Bitcoin users more places to spend their bitcoins, and it satisfies our goal of minimizing the risk to our members."


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