Consumers in 190 Countries Can Use Payza to Buy Bitcoin (Aug. 14, 2014)
Payza, an online payment processing and e-wallet services provider, announced that customers in 190 countries can now buy bitcoins from their Payza account and then transfer the digital currency into their Bitcoin wallets. A Bitcoin transaction can take up to three days to process; however, the exchange rate for the digital currency, whose value can fluctuate, is locked in the moment the transaction is created, according to Payza. Payza charges 2 percent when customers use the Payza platform to buy bitcoins.
Governments have been maintaining a watchful eye on decentralized digital currencies as they determine the need for regulations, consider tax implications and warn consumers about the potential dangers of digital currencies. This week in the U.S., one of the 190 countries where Payza provides the new service, the CFPB announced it’s accepting complaints about digital currency products and services, and has issued a consumer advisory, “Risks to Consumers Posed by Virtual Currencies.”
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