Cryptocurrencies

Crypto Exchange Huobi Adds Direct Visa, Mastercard Payments

Huobi, a Seychelles-based cryptocurrency exchange, is making it simpler to pay for cryptocurrency with Visa and Mastercard.

  • Announced Tuesday in a press release, customers are now able to use their credit or debit cards to make purchases directly on the exchange platform without being redirected to a third-party payments portal.
  • The company said the service is being provided by Huobi Technology (Gibraltar), a blockchain subsidiary of Huobi Global regulated in Gibraltar.
  • Previously, users of the platform could make purchases using Mastercard and Visa cards but had to go through a separate interface as a result of “know your customer” verification processes.
  • “By removing an extra step in the user journey, we’re creating a frictionless experience,” Ciara Sun, vice president of Global Business at Huobi Group, said in the announcement.
  • Visa cardholders in most European countries and Australia can now use the integrated payment service to buy most of the major cryptocurrencies.
  • Mastercard cardholders in the U.K., Gibraltar, France, Poland, Czech Republic, Netherlands, and Australia are also eligible.
  • Earlier in October, the exchange teamed up with Banxa, enabling fiat deposits via Faster Payments in the U.K., the Single Euro Payments Area (SEPA) scheme in the European Union and payments platform POLi for Australian users.

See also: Huobi Guarantees Normal Operations During OKEx’s Suspension of Crypto Withdrawals

Related Stories

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Cryptocurrencies Videos

    CoinDesk

    CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community. Its mandate is to inform, educate and connect the global community as the authoritative daily news provider dedicated to chronicling the space. Founded in May 2013, CoinDesk reaches millions interested in blockchain technology thru its website, social media, newsletters, podcasts and video. CoinDesk created the original reference rate known as the Bitcoin Price Index which is widely sourced in the media including The Wall Street Journal, Financial Times, CNBC and many others on a daily basis.

    Learn More