April 28th 2016, London, UK — CEX.IO Bitcoin exchange announced today the launch of instant USD, EUR, and RUB withdrawals to payment cards. With this new feature, CEX.IO successfully completed the full circle of fiat money flows to and from Visa/MasterCard.
Being the top Bitcoin exchange with easy and fast deposits, CEX.IO has also enabled withdrawals of fiat funds to Visa/MasterCard. Withdrawal requests are processed automatically, right after their placement, which means that a user doesn’t need to log in to third party services. In most cases, withdrawals are processed instantly, and card owner is able to use withdrawn funds right away. Individual cases might require some time though, and CEX.IO is negotiating with payment service providers to enable momentary processing for absolutely anyone.
“Global commonness of using payment cards effectively intersects with people’s will to buy and trade Bitcoins,” Oleksandr Lutskevych, CEO and Co-Founder of CEX.IO. “We are proud to tell that there are currently no other exchanges offering instant withdrawals of fiat funds to Visa/MasterCard at low commissions, except for CEX.IO.”
Withdrawals to payment cards are beneficial due to high speed or payment processing and low commissions. Once the card is linked to CEX.IO profile, a user is able to deposit and withdraw fiat funds to this card in just a few steps. PCI DSS certificate obtained by CEX.IO ensures strong safety of provided payment card data.
CEX.IO plans to continue expanding payment options and among other things will introduce Bitcoin debit cards enabling loading cards with Bitcoins directly.