Purchasing Cryptocurrencies Using Debit Or Credit Cards With Altcointrader

Up until recently, Visa and Mastercard had a negative crypto stance, banning crypto purchases and then reclassifying the way Bitcoin and other cryptocurrency purchases are processed on their networks. As a result, a few international exchanges have since been accepting Credit and Debit card crypto purchases. AltCoinTrader, a first in South Africa to follow international trends, now also accepts card payments for crypto purchases.

AltCoinTrader one of South Africa’s leading cryptocurrency exchanges – established in 2015, boasts having the most cryptocurrencies on their portfolio that can be bought with fiat directly, now also have the option using Debit or Credit card purchases. Currently AltCoinTrader has nineteen coins, with more additions to be included in 2019.

Richard de Sousa, Partner at AltCoinTrader says, “As the cryptocurrency market evolves and matures it is imperative to accommodate customers in various ways, as more people are entering the market. Ease of use-and-convenience allows the customer a seamless purchasing experience.”

Over the last few years, crypto exchanges that allow traders direct trading facilities such as Credit card usage have grown in popularity. The main reason why Credit card acceptability in exchanges is important is the fast and streamlined trading process.

As the market also is grappling from the Visa/Mastercard ban, the issuance of direct Debit Crypto-cards by both processors are slowly again in roll-out phase in various continents. Visa and Mastercard have since expressed their openness to continue offering processing services to crypto-card issuers. The companies has been strict in dealing with rule-breakers, as demonstrated by the ban that left thousands of customers without cards when a direct card issuer like Wavecrest was blocked. Even so, companies are exploring new partnerships and issuers that do operate within the processors frameworks.

Customers can now pay using their smartphones in a faster and more convenient way. AltCoinTrader will accept both Visa & Mastercards, both local or international and use Zapper for payments. Clients would need to download the Zapper app and save their Debit or Credit card details and then scan the QR code when prompted to make the payment.

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