Huobi, a Seychelles-based cryptocurrency exchange, is making it simpler to pay for cryptocurrency with Visa and Mastercard.
- Announced Tuesday in a press release, customers are now able to use their credit or debit cards to make purchases directly on the exchange platform without being redirected to a third-party payments portal.
- The company said the service is being provided by Huobi Technology (Gibraltar), a blockchain subsidiary of Huobi Global regulated in Gibraltar.
- Previously, users of the platform could make purchases using Mastercard and Visa cards but had to go through a separate interface as a result of "know your customer" verification processes.
- “By removing an extra step in the user journey, we’re creating a frictionless experience," Ciara Sun, vice president of Global Business at Huobi Group, said in the announcement.
- Visa cardholders in most European countries and Australia can now use the integrated payment service to buy most of the major cryptocurrencies.
- Mastercard cardholders in the U.K., Gibraltar, France, Poland, Czech Republic, Netherlands, and Australia are also eligible.
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