ZipZap has resumed its in-store bitcoin offering, restoring service to 20,000 retail locations within the U.K. They had suspended their offering 3 months ago when its payment processor PayPoint required clarification on regulatory requirements in order to proceed with their support.
ZipZap lets consumers purchase bitcoins with a variety of payment options, including physical cash. To resume services, they recently partnered with Payzone, a major payment processor, which was not as worried about the regulatory unknowns. Said Simon Nahnybida, ZipZap’s SVP of Business Development:
“Many UK consumers prefer dealing with cash without having to disclose their banking information. Our partnership with Payzone allows customers to easily buy digital currencies online and pay at convenient locations within a walking distance from their home or work.”
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Payzone is based out of Ireland. They provide terminals to businesses in multiple locations that allow customers to pay bills, buy lottery tickets and make various other payments. It can be viewed as the rough equivalent of an online bill payment, only done offline. They also provide terminals for debit/credit card payments, including a mobile version for businesses operating on-the-go. Mark Mellor, Director of Sales and Marketing at Payzone, says:
“We strive to provide the best products and services with the utmost convenience and ZipZap’s practices fall in line with our belief of providing quick and cost-effective payment services to consumers whilst offering an extra service for our merchants to add to their Payzone basket of services.”
According to ZipZap’s website, 35 countries are supported. Users can also buy bitcoins and litecoins online or through one of their partners, such as Bittylicious.
The site quotes Andreas Antonopoulos, Chief Security Officer at blockchain.info, as having bought his first bitcoin, as well as most of his bitcoins during the first year, from ZipZap.