Bitcoin Exchange CEX.IO Sees over $40 Million in VISA & Mastercard Deposits

alyssa85

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Quote from: mobnepal on May 17, 2016, 11:44:56 AM

People all around the world already interested in buying bitcoin easily with their usual visa or mastercard from long time. And cex.io created that platform and also quite trusted platform. Now may be localbitcoin sellers will lower their price. Wink

Localbitcoins will not lower their prices because their risk is higher.

CEX.io are probably using an algorithm to make sure that they arn't selling to dodgy people, plus they probably have blacklisted cards and so on. Whereas localbitcoins don't have any of these risk management tools, so they need a higher price to compensate.

n691309

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This is a huge number of money 'invested' in bitcoin, seems that people are so much interested about bitcoin, imagine one or two weeks before the halving and after it how much this number will be multiplied.

BitcoinSupremo

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Quote from: mobnepal on May 17, 2016, 11:44:56 AM

People all around the world already interested in buying bitcoin easily with their usual visa or mastercard from long time. And cex.io created that platform and also quite trusted platform. Now may be localbitcoin sellers will lower their price. Wink

They will not lower their prices as you can buy bitcoins in localbitcoins with less verifications than them of CEX.io which ask you for real identity proof, while you can be verified only via email and facebook in localbitcoins. But anyway thats a good movement from Cex.io

mobnepal

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People all around the world already interested in buying bitcoin easily with their usual visa or mastercard from long time. And cex.io created that platform and also quite trusted platform. Now may be localbitcoin sellers will lower their price. Wink

alyssa85

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https://www.cryptocoinsnews.com/bitcoin-exchange-cex-io-sees-40-million-visa-mastercard-deposits/

Quote

London-based CEX.IO has announced that it has seen over $40 million in fiat currency deposits made toward its exchange for buying bitcoins from credit cards.

In an emailed release to CCN, the European bitcoin exchange was among the earliest ones to add payment cards as a means to deposit funds. VISA and Mastercard payment cards are the most commonly used payment means by users to buy the cryptocurrency.

More recently, virtual cards such as Payoneer, Neteller and Netspend are also among the payment methods accepted by the exchange. Altogether, the bitcoin exchange has processed deposits in excess of $40 million so far.

In a statement, Oleksandr Lutskevych, CEO and Co-Founder of CEX.IO said:

We operate as a broad and reliable bridge between people who are willing to buy Bitcoin and the blockchain industry. As credit cards are still the most common thing in users’ pockets, no matter what country they come from, we decided to direct our efforts on user-friendly, fast and cheap Bitcoin purchases using payment cards.

The exchange expects the aggressive growth to carry on, with its claim of 600,000 registered users – all of whom will also be enabled with instant withdrawals to payment cards in USD, EUR and RUB.

Topic: Bitcoin Exchange CEX.IO Sees over $40 Million in VISA & Mastercard Deposits (Read 385 times)