UK-based Payglobal to Enable Crypto to Fiat Transfers for Its Cardholders

By Emily Rys | March 5, 2019
UK-based Payglobal to Enable Crypto to Fiat Transfers for Its Cardholders

E-wallet service giant Payglobal has recently adopted cryptocurrency by enabling crypto to fiat transfers feature for its existing cardholders, aiming to vary the way its customers make a purchase.

End-users across the European Union, Australia, Singapore, Mexico, and Nigeria can now top up their e-wallets via bank transfers, debit cards, alternative payments and in two currently supported digital assets Bitcoin (BTC) and Ethereum (ETH).

Precisely, after exhaustive verification, registered users should be able to transfer in between €5 and €1,000 by withdrawing the fiat of choice to their Visa bank cards, the process of which will be charged a small crypto invoice.

As one of the pioneers in the evolution of payments, Payglobal’s CEO Giora Tal proudly said that the startup’s “state-of-the-art technology offer new payment solutions yet to be seen in the market,” while further added that it has been facilitating tools for freelancers, the gig economy, fintech entrepreneurs, blockchain developers, and family-to-family payments withal.

Tal also reportedly signaled the adoption of more cryptocurrencies and the launch of the innovative e-wallet solution in many more countries in the future, reported Bitcoin.com on March 3.

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