CryptoPay Crypto Wallet and Debit Card Firm Offers UK Bank Transfers With Local Fiat (GBP)
Cryptopay, a crypto wallet and debit card company, has upgraded it's services. Now, clients are able to transfer the U. K.’s fiat currency, the British Pound (GBP) using a Faster Payments Scheme service.
According to a recent press release made by the company, the users based in the region can use the local fiat currency to fund their crypto accounts and withdrawal their crypto's to fiat, too, without any need to convert their money to euro before they can use it.
Another important update is that now all transfers will have the name of the client, not Cryptopay. This is important now, as many local banks are blocking transactions related to cryptocurrencies. This sometimes freezes the money in the middle of the process, which is bad for the users.
Cryptopay To Expand To Other Countries
Now, the company is focused on its expansion. Crypto payment services are more common than ever now and the company is set to use this for its expansion. Russia is said to be the new country in which the crypto debit card company will operate. The idea is to launch the services there before the end of 2019.
At the beginning of the year, Cryptopay was affected when Visa decided to end its partnership with WaveCrest, which provided services for Cryptopay, Wirex, Bitwala, and other companies. This affected the company for a while, but most of its services are completely operational now, as the company has found new service providers.