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Payment Service Provider Worldcore Accepts Bitcoin

Last Updated March 4, 2021 4:49 PM
Lester Coleman
Last Updated March 4, 2021 4:49 PM

Worldcore, a payment service provider that allows access to international banking and global transfers regardless of origin, has partnered with BitPay to accept bitcoin payments. Worldcore users can now withdraw funds to bank accounts or prepaid debit cards with minimal fees.

Worldcore is owned and operated by EUPSProvider s.r.o., a Czech Republic-licensed payment institution regulated by the Czech National Bank.

Worldcore has offered its 7,000-plus customers the chance to use bitcoin to top up their bank accounts and prepaid debit cards with ATM withdrawal limits of 4,000 Euros daily as a payment solution for payrolls, individuals, affiliate payout and other payment types.

Enhanced Financial Services

Worldcore customers can withdraw U.S. dollars or Euros to any bank accounts or MasterCard or Visa debit cards with minimal fees. These options have found favor among international travelers and emigrants who rely on or send cross-border remittance payments.

Bitcoin provides Worldcore’s multinational customers access banking services without needing banking infrastructure, currency exchanges or credit cards.

Bitcoin also meets rigorous security standards. Worldcore has introduced the European Union’s first biometric security system. The company selected bitcoin partly on account of the fact that it limits the potential for chargebacks and payment fraud.

Also read: BTC as a medium of exchange: domestic remittances use case

Alternative Banking Services

The company’s goal is to open the international marketplace to consumers and businesses that are not served by legacy banking and seek cost-effective, innovative payment products. “Bitcoin will allow us to reach more people with that mission,” said Alex Nasonov, Worldcore’s CEO. “With BitPay as our new partner, it’s ‘Easier than you think.’”

Marcel Roelants, EMEA general manager at BitPay, said Worldcore has pioneered comprehensive banking for the digital economy. “We think bitcoin can become the preferred method for international top-up payments, and we are excited to see how Worldcore’s customers will respond to this new payment option,” he said.

Featured image from Shutterstock.