Netagio partners with WalPay for payments processing following CTS account closure

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Netagio has partnered with Isle of Man-based WalPay for payment processing in GBP, EUR and USD. According to a press release, additional currencies will be supported in the future.

WalPay is a payment processor based in Isle of Man, with a previous focus on the Gaming, Adult, Forex and Binary Options industries.

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The partnership comes after bitcoin businesses on the island faced a setback when Capital Treasury Services (CTS) said that its bank account had been closed due to bitcoin-related activity. CTS had served as a bridge between banks and bitcoin businesses. Said Netagio CEO Simon Hamblin:

“The very day we were informed of CTS’s decision, we began assessing both our dormant and new banking relationship partners, undertaking the necessary rigorous due diligence required.”

Netagio also announced that the current partnership will pave the way for a credit/debit card offering, which would aim to may payments even easier.