The e-wallet provider and payment processor called Neteller has taken the initiative to start accepting Bitcoin deposits with no fees. Their customers also now have the capability of topping up their accounts by making an exchange for Bitcoin into another of Neteller’s offered currencies. The step is expected to expand the progression of the digital currency transactions being made across the globe.
The company is operated and owned by Optimal Payments PLC, a British global payments company. Their service is used by millions of people across over 200 countries and has gained huge popularity in the online gambling and foreign exchange sectors.
This latest announcement has come soon after Bitcoin payment processor, Bitpay, and Optimal Payments entered into an agreement to enable Neteller’s users to add to their fiat accounts via Bitcoin, while removing much of the fear over the digital currency’s volatility.
According to the figures that are currently available on the matter, Neteller is processing millions of dollars in transactions every day, across a selection of prepaid debit card and online payment solutions. Much of its customer base are international brokers that are wanting to conveniently acquire their clients’ deposits online, even if they are living within some of the planet’s most restrictive countries.
The company’s CEO and president, Joel Leonoff, has said that they are “looking forward to working with Bitpay” and that they understand the “important role” that will be played by crypto-currencies in the future of payments.
More and more businesses are beginning to adapt and are processing digital currencies, leading to a record growth that has been expanding exponentially since the interest that has been show to it by giants like Rakuten, Microsoft and Dell. The very nature of the way that businesses handle transactions is changing, and it is being catered for by a growing population of companies.