Wirex launches service offering PayPal to BTC conversions

Wirex, the Bitcoin debit card provider, has launched a new service to allow users in almost 40 countries to buy Bitcoin via Paypal with the E-Coin virtual Visa debit card. Currently, major markets, including the US, the UK, Japan, China and Germany are not included but the company hopes to expand the country list in the near future.

Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term debit card provider Wirex Limited has launched a new way to buy bitcoin through PayPal, the giant online payment system. With this move, users in almost forty countries will be able to use the E-Coin virtual Visa debit card to buy bitcoin with PayPal.

This service will be available through the E-Coin platform and is expected to benefit bitcoin users and holders in many countries, mainly in emerging economies, including the Bahamas, Bahrain, Botswana, Bulgaria, Chile, Croatia, Estonia, Georgia, Gibraltar, Honduras, Iceland, Indonesia, Israel, Italy, Jordan, Kazakhstan, Latvia, Lesotho, Liechtenstein, Lithuania, Luxembourg, Malaysia, Malta, Mauritius, Moldova, Morocco, Mozambique, Oman, Philippines, Romania, San Marino, Saudi Arabia, Senegal, Serbia, Slovakia, Slovenia, Turkey, United Arab Emirates and Uruguay.

Major markets such as the United States, the United Kingdom, Japan, China, Germany and many more are not included so far, however the firm promises that more countries will be added to the list soon.

Last week, Wirex launched the ability to buy bitcoin through bank transfers and other alternative payment methods. These moves are part of Wirex’s plan to provide bankless banking services that are “designed to close the gap between digital currencies and traditional currencies for everyday financial transactions.” Under the plan that was announced at the rebranding the firm will offer three main services: convenient mobile banking via an app, instant remittance services, and upgraded 2-way debit cards which allow on-demand conversion between bitcoin and traditional currencies.