UK-based bitcoin, gold, and sterling exchange Netagio made news this week with the announcement they had met ISAE 3000 standards when it comes to their bitcoin holdings, and now, some positive news for their clients who are looking for another means of funding their accounts.
The exchange said they’ve partnered up with WalPay — a payments services provider based on the Isle of Man (which is quickly becoming a great place for bitcoin startups), which effectively means Netagio has secured new banking facilities that will allow clients to make deposits and receive international payments in GBP, EUR, and USD.
WalPay’s services at Netagio went live on the 25th of September, and the news comes hot on the heels of a recent story that indicated CTS would sever ties with companies working in the digital currency sector on the Isle of Man due to bank pressure.
But also of interest is news that the WalPay integration will also allow clients at Netagio to find their accounts using credit/debit cards. Specifically, cards accepted include: VISA, VISA Electron, VISA Debit, MasterCard, MasterCard Debit, or Maestro.
“Our customers have always been, and will always continue to be, our number one priority,” says Simon Hamblin, Netagio CEO. “The very day we were informed of CTS’s decision, we began assessing both our dormant and new banking relationship partners, undertaking the necessary rigorous due diligence required. We were keen to secure a partner that could not simply address our immediate need for a new banking relationship, but also could partner with us to further enhance our service for customers in the future. WalPay have certainly stepped up to the mark and we have been very impressed by their service and commitment.”
Justin Martin, head of Business Development and Sales at WalPay adds, “The appetite for Bitcoin is not waning and we are thrilled to be working with Netagio to secure new robust banking facilities for their customers today, and also to work on introducing credit and debit card payment functionality in the very near future. Our tight trading rules, card security measures and PCI compliant gateway have been specifically adapted to work harmoniously with Netagios’ state-of-the-art secure exchange and crypto vault solutions to maximise consumer confidence in Netagio. We were impressed by Simon and his team’s rigorous approach to operational controls and compliance, particularly in the important area of anti-money laundering (AML) and Know Your Customer (KYC) requirements. We can see that Netagio are entirely committed to ensuring that their customers’ interests are best protected and that Netagio will continue to play a vital and stabilising role as the industry continues to mature.”
