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Digital wallet and prepaid card provider Cryptopay has released yet another product to complement its comprehensive service. While they are primarily known for the multicurrency wallet that supports BTC, LTC, XRP as well as GBP, EUR, and USD, but now they’ve released a new solution for purchasing cryptocurrency directly with your bank card. While buying cryptocurrency with your card is by no means a radically innovative thing as of late in the industry, however, the way it’s done through Cryptopay’s new service most certainly sticks out from than the crowd.
This new feature is aptly named “Buy Cryptocurrency Now” and users have the option to buy either BTC or ETH. Typically when one wants to get ahold of any cryptocurrency they have to go through a lengthy verification process that to a lot of people, seems like it’s more trouble than it’s worth. Well, this is where Cryptopay has stepped in to provide a solution to this problem. Working with Sum&Substance they’ve come up with a way to verify your identity and buy cryptocurrency within a matter of minutes, all from one page. As illustrated on the webpage, all you need is a passport, a selfie, and a bank card. What’s more, is Telegram Passport is integrated into the service allowing the process to be even more efficient while at the same time making this service one of the first of its kind to incorporate Pavel Durov’s latest project. On this decision, Cryptopay CTO Pavel Makarenko said, “After the release of Telegram Passport it seemed fitting that we include it in our service. It will help streamline our verification process in a reliable and secure manner.”
It’s also worth pointing out that the commision for purchasing through Buy Cryptocurrency Now is sitting at a friendly 5% compared to the industry average that’s anywhere from 8-15%. This is very optimal indeed for anyone who wants to quickly and efficiently get there hands on some BTC or ETH without going through a headache that can accompany buying them. Cryptopay and Sum&Substance’s collaboration is very promising and it looks poised to bring simplicity and convenience to purchasing cryptocurrency, something the industry is lacking.
This is one of the latest projects that Sum&Substance has provided KYC (Know Your Customer) for and is sure not to be the last. Many services have chosen to work with them because of their ability to quickly and effectively integrate KYC into a variety of projects while also being able to keep all data secure.
There are sure to be more updates regarding this service you can find Cryptopay across all social networks like Facebook, Twitter, and Telegram. As for Sum&Substance you should definitely drop by and follow them Facebook and never miss a new project that they’re working with.