Coinimal, an Austrian-based bitcoin start-up launched in December 2014, has become the first Bitcoin business to have incorporated Neteller as a payment method after months of negotiation. Users will now be able to buy bitcoin and other digital currencies with the support of the world's largest independent money transfer business.
Coinimal's CEO Paul Klanschek said, "In my opinion NETELLER decided to do this pilot project with us because they feel that we are the most sophisticated, serious Bitcoin gateway in the world, and our compliance is stellar. We are extremely proud to be the first crypto merchant in the world to accept NETELLER officially."
Coinimal customers will now have access to several payment options offered by Neteller, such as credit cards, bank transfers and prepaid cards, including bitcoin payments to fund cash accounts through its recently launched fully-automated platform.
