Net1 says its wholly owned subsidiary, Masterpayment, a payment processor specialising in cryptocurrency markets, has been appointed as a new partner for credit card processing and acquiring for cryptocurrency purchases for digital currency exchange, Bitstamp.<\/p>\n
Masterpayment merges the core capabilities of an acquirer with those of a payment service provider and adds the regulatory framework of a renowned bank, which provides added value as for an example, the payout in 14 settlement currencies, as well as corporate accounts via the in-house acquiring bank.<\/p>\n
Bitstamp customers can still spend USD or EUR using Visa, Mastercard credit or debit cards to purchase bitcoin, litecoin, ethereum and ripple.<\/p>\n
The daily buying limit of 5000 USD\/EUR and monthly buying limit of 20,000 USD\/EUR remain the same, with transaction fees decreasing to 5%.<\/p>\n
\u201cHere at Bitstamp, we\u2019ve always sought to make access to digital currencies as safe, simple and secure as possible,\u201d said Miha Grcar, head of business development at Bitstamp.<\/p>\n
\u201cThat\u2019s why we are excited about our partnership with Masterpayment, which is ideally positioned to help us follow through on these goals.\u201d<\/p>\n