Bitcoin Exchange Netagio and WalPay Prepare For Future Card Transactions

September 26, 2014 11:55 UTC

British Bitcoin exchange Netagio announced that they are preparing for future credit card transactions.

Netagio permits trading between Bitcoins, British pounds and physical gold, while also accepting deposits in Euro and US Dollars. Users are able to deposit funds and receive international payments in GBP, EUR and USD, with further currencies to follow.

In partnership with WalPay, a payment service provider based in the Isle of Man, Netagio will allow its users to make credit and debit card payments to their trading accounts.

Any Netagio customer holding a Visa, Visa Electron, Visa Debit, MasterCard, MasterCard Debit or Maestro card will be able to deposit funds with Netagio and trade them against Bitcoin, gold or Sterling at any time.

Netagio CEO Simon Hamblin says, “Our customers have always been, and will always continue to be, our number one priority,” and continues:

We were keen to secure a partner that could not simply address our immediate need for a new banking relationship, but also could partner with us to further enhance our service for customers in the future. WalPay have certainly stepped up to the mark and we have been very impressed by their service and commitment.

WalPay head of Business Development & Sales Justin Martin says, “The appetite for Bitcoin is not waning and we are thrilled to be working with Netagio to secure new robust banking facilities for their customers today, and also to work on introducing credit and debit card payment functionality in the very near future.” He continues:

Our tight trading rules, card security measures and PCI compliant gateway have been specifically adapted to work harmoniously with Netagios’ state-of-the-art secure exchange and crypto vault solutions to maximise consumer confidence in Netagio. We were impressed by Simon and his team’s rigorous approach to operational controls and compliance, particularly in the important area of anti-money laundering (AML) and Know Your Customer (KYC) requirements. We can see that Netagio are entirely committed to ensuring that their customers’ interests are best protected and that Netagio will continue to play a vital and stabilising role as the industry continues to mature.

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Netagio’s Bitcoin storage system was recently reviewed by independent auditors under ISAE 3000, the International Standard on Assurance Engagements.

Images from Netagio and Shutterstock.

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