Global cryptocurrency exchange Paybis has announced the introduction of instant bank payment solutions for its United Kingdom and European Union customers. According to a press release sent out by the firm, crypto users can now access the market at a much lesser fee. Notably, Paybis announced that cryptocurrency purchases through its platform will see the trading fees reduced from 2.99% to 0.99%.
Additionally, the platform has announced the increase of spending limits from $200,000 to $1,000,000 in a single purchase. Consequently, the platform seeks to attract more crypto investors amid increased competition in the crypto ecosystem.
Notably, Paybis also noted that it has launched local bank payments in the United States. Moreover, the crypto platform is now enabled with SWIFT USD to enable international payments to go through seamlessly. According to the firm, its services are available in over 49 states in the US with New York among the top list.
Launched back in 2014, Paybis has grown to a respectable crypto firm. Furthermore, it has earned investors’ trust over time, which is a critical aspect, particularly in the cryptocurrency industry. The platform supports over 90 global currencies, a key aspect in enabling crypto adoption.
Regulatory compliance is key to crypto exchanges, especially during the heightened global crypto adoption. As a result, Paybis took it very seriously to work hand-in-hand with different regulatory bodies. According to the official Paybis website, the crypto exchange is registered under the FinCEN Department of the Treasury, United States of America.
Additionally, the platform has developed top security measures to ensure customers’ funds are safe at all costs. With 24/7 online support, Paybis provided global help for its users to avoid downtimes and unnecessary delays.
Paybis supports various crypto assets including Bitcoin, Ethereum, Tether, Litecoin, Ripple, Dogecoin among others. Recently, the firm added the calculator option for several digital assets.
With the crypto calculator, Paybis users’ can easily understand the number of coins involved depending on the market price.
Centralized crypto exchanges are experiencing heightened competition from decentralized crypto exchanges. The introduction of instant bank payment for UK and EU users will play a vital role in giving the platform a competitive advantage. Moreover, the industry has huge room for growth in the next decade, whereby some analysts have predicted the crypto market is in a similar position as the Internet was during the late 90s and early 2000.