Payza Adds 50 Bitcoin Alternatives to its Cryptocurrency Exchange

Payza began supporting bitcoin payments and purchases back in 2014.

A Bitcoin-friendly payment processor, Payza, today announced that it has added 50 different Bitcoin alternatives to its Cryptocurrency Exchange.

Payza has completed the loop, now allowing its verified users, through their e-wallets, to exchange their holdings of Ethereum, Ripple, Litecoin, Dash, Monero, Zcash and other cryptocurrencies into US dollars which can subsequently be loaded onto their prepaid cards.

Payza is a payment processing company. According to its website, the company has over 9 million members and offers services in 197 countries and 21 different currencies. E-commerce processing, corporate disbursements and remittances are among the supported areas.

Last month, Payza announced full Bitcoin support, enabling members to buy and sell Bitcoin, merchants to accept Bitcoin as a payment option, and all verified Payza account holders to hold Bitcoin within their e-wallets.

Clients will now have the option of having their fiat withdrawn into altcoins- essentially adding a buying service. The company says that it has big future plans to provide a one-step cryptocurrency loading option. This allows users to load their prepaid cards from Bitcoin or altcoin exchanges in just one action, bypassing the need to first send those funds to a Payza Account, and then load them onto the card.

Payza began supporting bitcoin payments and purchases back in 2014, offering its services in 190 countries. It came into the spotlight when Charlie Shrem, a popular Bitcoin entrepreneur who was sentenced to two years in prison for funneling bitcoins to Silk Road, consulted for the firm on how to integrate bitcoin while under house arrest.

Firoz Patel, Payza’s CEO, commented: “Payza is committed to providing our members with a complete online payments and e-commerce solution, and that means incorporating Bitcoin along with the other most popular cryptocurrencies into our platform. Giving our members the option to sell altcoins to Payza is one more step in the direction of complete Bitcoin and altcoin support within the Payza platform, and another step closer to developing a robust and inclusive global payments system.”

Got a news tip? Let Us Know