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March 26, 2015updated 04 Apr 2017 4:03pm

Neteller adds bitcoin deposit feature to its services

Neteller, a payments processor and prepaid card provider owned by global payments company Optimal Payments, has added Bitcoin deposits to its services.

By Verdict Staff

Neteller, a payments processor and prepaid card provider owned by global payments company Optimal Payments, has added Bitcoin deposits to its services.

As part of the move, Optimal Payments has signed an agreement with BitPay, a bitcoin payment provider and processor, to expand its digital currency transaction services throughout the world.

The deal will allow NETELLER customers to top up their accounts by exchanging Bitcoin into one of the currencies offered by NETELLER.

BitPay said that its payment processing offering reduces the risk of Bitcoin price volatility by enavling the merchant to accept Bitcoins and instantly convert them to the currency of their own.

Optimal Payments president and CEO Joel Leonoff said: "NETELLER already provides merchants and customers a broad and diverse set of online payment options and the addition of Bitcoin gives them another valuable payment method to help convert more transactions.

"We recognise the important role that crypto-currencies play in the future of payments and we look forward to working with BitPay as the acceptance rate grows."

BitPay chief operating officer Sonny Singh said: "This relationship with Optimal Payments will help us to drive merchant acceptance on a global scale."

 

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