Huobi, a Seychelles-based cryptocurrency exchange, made a step forward to facilitate its users as it removed third-party inference in payment procedures; now, customers can trade using their credit and debit cards directly on the platform.
Huobi Technology is working behind to operate this service. It is a blockchain subsidiary from Huobi Global, regulated in Gibraltar.
Before, a customer must pass through a separate interface due to the ‘know your customer’ verification process while using his Visa Card or Mastercard to purchase. Ciara Sun, vice chair-person at Global Business of Huobi, stated,
“By removing an extra step in the user journey, we’re creating a frictionless experience."
Now, users holding Visa cards in the European countries and Australia are eligible to buy the majority of digital currencies using integrated payment service.
Furthermore, Mastercard holders located in the U.K., France, Czech Republic, Netherlands, Gibraltar, Poland, and Australia can use this service.
Besides, Huobi Exchange incorporated Banxa to enable fiat deposits for trade. The Faster Payments supporting the scheme in the U.K., POLi in Australia, and European countries with Single Euro Payment Area (SEPA).