Payglobal Users Can Now Make Cryptocurrency To Fiat Transfers With Their Existing Bank Cards

Payglobal Users Can Now Make Cryptocurrency To Fiat Transfers With Their Existing Bank Cards


According to a recent report, in its bid to make available lots of end-to-end solutions for clients who want to receive their payments via alternative payments and virtual currencies, a U.K. based e-wallet service called Payglobal is offering virtual currency to fiat transfers onto a client’s existing bank card despite several reports about cryptocurrency debit cards closing shop over the last couple of years. The company is licenced by the Financial Conduct Authority (FCA).

Payglobal is Global

Payglobal’s new service cuts across Australia, Singapore, Nigeria, Mexico, and the European Union which enables its clients to transfer virtual currency to fiat and load their existing bank cards. It also allows its customers that are registered to get paid via bank transfer, digital currencies Bitcoin Core (BTC) and Ethereum (ETH), debit card, and other alternative payments.

The Chief Executive Officer of Payglobal, Giora Tal revealed that other cryptocurrencies will be added in the future and the company plans to extend its services into other countries.

Also, the company is of the belief that its customers will be glad to have a turnkey e-wallet solution which supports conversions to fiat money from cryptocurrency and transferred into existing bank cards.

Speaking further, Tal expatiated on how the company’s vision is to make payments simple thereby removing difficulties and enable its customers to receive their money in innovative ways.

He said:
“Converting cryptocurrency to fiat money and sending it to your existing bank card through our regulated e-wallet platform provides customers with a quick and easy way to access their funds worldwide,”
“The way we can transfer money from person to person, or company to a person is constantly evolving and we are delighted to be the pioneers paving these new payment channels,” he added.