Huobi Crypto Exchange Adds Support For Visa and Mastercard
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Huobi Crypto Exchange Adds Support For Visa and Mastercard

October 28, 2020      Jafrin Ahmed

Huobi Global has announced adding support for Visa and Mastercard integration where users can make cryptocurrency purchases directly on the trading platform. The new service is provided by Huobi Technology, a regulated blockchain subsidiary by the Gibraltar Financial Services Commission.

Allowing Users to Trade Directly From a Single Interface

Visa users in Australia and most European countries can now use their debit or credit cards to buy cryptocurrencies directly on the platform. While Mastercard users in the U.K., Gibraltar, France, Poland, Czech Republic, Netherlands, and Australia can also use the payment service too.

Previously, Huobi had supported Visa and Mastercard through a separate payment service interface that required its users to go through a separate interface due to its “know your customer” verification processes. The new integration now allows users to trade directly from a single interface, making it easier and simpler.

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Ciara Sun, vice president of Global Business at Huobi Group, said in the announcement release, “By removing an extra step in the user journey, we’re creating a frictionless experience”. The cryptocurrency exchange thus intends to provide a better user experience for its users by making it easier for anyone to buy cryptocurrencies without leaving the exchange.

Simplified Payment System in Crypto Is Needed

A simplified payment system in the crypto ecosystem makes it easier for anyone for crypto trading, also for the overall user experience. Eliminating third-party services during a crypto transaction session provides a seamless experience for all crypto enthusiasts and the feasibility of customers in using the platform.

The cryptocurrency exchange has recently extended its involvement to boost crypto and blockchain adoption. Recently, the exchange’s vital position in a DeFi Alliance had significantly attracted attention from notable DeFi startups such as Aave, and Synthetix among many others.

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According to CoinMarketCap, Huobi is the third-largest cryptocurrency exchange by trading volume.

#Cryptocurrency Exchanges #Cryptocurrency transactions #Fiat to crypto trading #Huobi #Mastercard #Visa
Jafrin Ahmed
Jafrin Ahmed

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.