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Payza Introduces Bitcoin Deposit Feature

Avatar Jayanand Sagar 5 years ago

Users of money service, Payza, now have another way to deposit funds into their accounts. Bitcoin.

The company took to their official blog on Thursday to announced a bitcoin deposit feature that compliments a feature announced this past summer that allows consumers in 190 countries to buy the digital currency via bank transfer.

The move shouldn’t come as a surprise, as the company has been actively exploring bitcoin integration since earlier this year.

The fee-free deposit method appears on users’ back-end panels, as shown in the screenshot below, supplied by the folks at Payza (from the above-mentioned blog post):

Payza Bitcoin Deposit Screencap

Users are then able to specify the quantity of bitcoins they wish to deposit, with the respective conversion rate displayed:

Payza Bitcoin Deposit Screencap 2

Users are then instructed to confirm the specifics of the transaction, as which point in time Payza will generate a one-time use bitcoin address and corresponding QR code.

The feature allows users easy access to selling their bitcoins when they feel the time is right, but it also allows said users the ability to spend their digital currency with any of the 100,000+ merchants that currently use Payza’s system.

It’s certainly a great step forward in terms of expanding bitcoin’s reach, to which we say, “thumbs up, Payza!”

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