Bitstamp Launches Bitcoin Cash in December, Signs New Payment Processor

The partnership with Masterpayment will enable Bitstamp to drop transaction fees to 5% for VISA and MasterCard.

One of the older cryptocurrency exchanges, Luxembourg-regulated Bitstamp, has decided to start offering Bitcoin Cash to its clients. The move is triggered by the growing popularity of the currency in the aftermath of the SegWit2x cancellation.

A number of pundits in the crypto space have been voicing their opinion that Bitcoin Cash closer adheres to the core principles that were behind the creation of Bitcoin.

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Currently, Bitstamp is offering trading in Bitcoin, Ethereum, Ripple and Litecoin. The exchange announced in September that it will distribute existing Bitcoin Cash balances to clients and will add trading in BCH/BTC, BCH/USD and BCH/EUR.

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“Bitstamp takes a prudent approach and puts the interests of its customers first when evaluating whether a cryptocurrency is appropriate for trading – and has decided that BCH meets that benchmark,” a company representative commented to Finance Magnates.

The largest crypto exchange by volume in the EU also announced a partnership with independent payment processor Masterpayment. The firm will be Bitstamp’s new partner for credit card processing and acquiring of cryptocurrency purchases. As a direct result of the deal, VISA and MasterCard transaction fees will decrease from 8 percent to 5 percent.

“The demand of users for flexible payment methods is increasing and we look forward to being able to provide that,” said the Managing Director of Masterpayment, Christian Mangold.

The partnership supports standard security procedures such as 3D Secure, as well as special fraud-prevention mechanisms between the payment gateway and Bitstamp.

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