- MEXC Global will now offer the option of buying digital currencies using Visa (NYSE:V) or Mastercard (NYSE:MA) in 180 countries.
- The integration of traditional payments will serve as the groundwork for establishing partnerships with Visa and Mastercard
To expedite the process of purchasing cryptocurrencies, digital assets and crypto trading platform MEXC Global will now offer the option of buying digital currencies using Visa or Mastercard in 180 countries.
According to the release shared with CQ, global investors can purchase up to $5,000 worth of cryptocurrencies in a single transaction. Notably, Visa and Mastercards provide lower fees to investors.
Following the announcement to integrate bank cards, Anthony Guo, the head of payment at MEXC Global, said:
By enabling crypto purchase through Visa and Mastercard directly, MEXC Global is delivering a faster, simpler and more connected experience for its users.
Guo added that such a method will make it “easier for users to convert fiat into crypto assets, which opens up the ownership of cryptocurrency to millions of people where bank card is the dominant medium of transaction.”
The MEXC team also revealed the integration of the traditional payment method will serve as the groundwork for establishing partnerships with Visa and Mastercard. This is also aligned with the exchange’s initiative to integrate crypto with legacy financial institutions.
MEXC has since launched its OTC payment service and Global Bank Transfer Program, which enables customers to deposit and withdraw USD using the SWIFT and FedWire networks. Users can purchase crypto with USD deposits and withdrawals from local banks with 0% transaction fees.
Moreover, several local payment methods the exchange supports the exchange, with MEXC’s footprint into more jurisdictions such as Brazil. In addition to P2P trading, MEXC users can utilize third-party services like Simplex, Banxa, and Mercuryo.