Bitcoin debit card provider Wirex Limited has launched a new way to buy bitcoin through PayPal, the giant online payment system. With this move, users in almost forty countries will be able to use the E-Coin virtual Visa debit card to buy bitcoin with PayPal.
This service will be available through the E-Coin platform and is expected to benefit bitcoin users and holders in many countries, mainly in emerging economies, including the Bahamas, Bahrain, Botswana, Bulgaria, Chile, Croatia, Estonia, Georgia, Gibraltar, Honduras, Iceland, Indonesia, Israel, Italy, Jordan, Kazakhstan, Latvia, Lesotho, Liechtenstein, Lithuania, Luxembourg, Malaysia, Malta, Mauritius, Moldova, Morocco, Mozambique, Oman, Philippines, Romania, San Marino, Saudi Arabia, Senegal, Serbia, Slovakia, Slovenia, Turkey, United Arab Emirates and Uruguay.
Major markets such as the United States, the United Kingdom, Japan, China, Germany and many more are not included so far, however the firm promises that more countries will be added to the list soon.
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Last week, Wirex launched the ability to buy bitcoin through bank transfers and other alternative payment methods. These moves are part of Wirex’s plan to provide bankless banking services that are “designed to close the gap between digital currencies and traditional currencies for everyday financial transactions.” Under the plan that was announced at the rebranding the firm will offer three main services: convenient mobile banking via an app, instant remittance services, and upgraded 2-way debit cards which allow on-demand conversion between bitcoin and traditional currencies.