Crypto

Bitwala Enables Ether Users to Make Cheap International Transfers

Joseph Young | July 20, 2016 | 3:35 pm
NewsBTC
Crypto

Bitwala Enables Ether Users to Make Cheap International Transfers

Joseph Young | July 20, 2016 | 3:35 pm

Bitwala, a prominent European Bitcoin startup, has launched a feature which allows users of Ether, Dash, Litecoin, and Dogecoin to pay bills, top-up bitcoin debit cards, and make international USD and SEPA payments with altcoins.

Over the past year, Bitwala has been focused in bringing solid infrastructure for Bitcoin users internationally by providing various methods of using and transferring digital currencies.

The Bitwala international transfers platform has been popular amongst European Bitcoin users because of its cost efficiency. Through the Single Euro Payments Area (SEPA) and the Society for Worldwide Interbank Financial Telecommunication (SWIFT), Bitwala enables users to make international bank payments using digital currencies such as bitcoin with a 0.5% fee.

On July 20, Bitwala has announced that the company is providing the same service to altcoin users, by enabling SEPA transfers at a 0.5% fee with a one working day processing time. For SWIFT users, Bitwala is offering a 0.5% fee plus 15 EUR per transaction rate, which easily makes the Bitwala platform the cheapest and most reliable international digital currency payment network in the cryptocurrency market.

“We are offering the best currency rates and fees on the market,” says the Bitwala team. “We also believe transparency is key when it comes to providing excellent service to customers. With Bitwala, you will never find any hidden costs and fees which will sting you in the end,” the company continued.

As an add-on service, altcoin users are also enabled to process utility bills and top-up debit cards through Ether, Dash, Litecoin, and Dogecoin.

Bitwala being one of the few startups that provide solutions for real-life practicality of digital currencies received an award in the 2016 Pioneers Festival’s Fintech section, as a runner up out of the top 70 nominated startups.

The company’s efficient and consumer-focused products are well perceived mainstream competitions and startup events, which is an optimistic prospect for the cryptocurrency community and industry.

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NewsBTC is a news service that covers bitcoin news, technical analysis & forecasts for bitcoin and other altcoins. Here at NewsBTC, we are dedicated to enlightening people all around the world about bitcoin and other cryptocurrencies. We cover news related to bitcoin exchanges, bitcoin mining and price forecasts for various virtual currencies.

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